DionysusToast
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Good post Forker.
There's not a person on the planet with a complete view of TA as the domain is huge. I would say that my knowledge of textbook TA is as good as most on this board. My testing of TA concepts more than likely outstrips most on the board as I have the skills to carry out such endeavours. I have done so in conjunction with people who have extensive knowledge of TA. My knowledge in this area is not merely based on what I have read but also from joining others on TA related projects.
I entirely agree that there is much more to TA than what is written in books or discussed in forums. In fact, it is the 'textbook/forum TA' that I have issue with. The analysis of DOM & Tape is a form of analysis and it is based on things that can be considered technical. It is not within the domain of textbook TA.
BTW - for those who eschew the term "textbook TA" - It is not my invention, it is merely referring to TA and textbooks. The combination of which = nonsense.
I do not think there is an indicator on the planet that has real value unless it is in fading trades that people would make based on that indicator. I also do not think that there is any value in individual candles or candle patterns as they are easily manipulated.
Hence, my recommendation to newbies is to ignore all of the TA textbooks totally. They are all useless. Realise that they will not help you and then look to either get close to someone that can trade or go on your own and study the behaviours of a few markets.
There's not a person on the planet with a complete view of TA as the domain is huge. I would say that my knowledge of textbook TA is as good as most on this board. My testing of TA concepts more than likely outstrips most on the board as I have the skills to carry out such endeavours. I have done so in conjunction with people who have extensive knowledge of TA. My knowledge in this area is not merely based on what I have read but also from joining others on TA related projects.
I entirely agree that there is much more to TA than what is written in books or discussed in forums. In fact, it is the 'textbook/forum TA' that I have issue with. The analysis of DOM & Tape is a form of analysis and it is based on things that can be considered technical. It is not within the domain of textbook TA.
BTW - for those who eschew the term "textbook TA" - It is not my invention, it is merely referring to TA and textbooks. The combination of which = nonsense.
I do not think there is an indicator on the planet that has real value unless it is in fading trades that people would make based on that indicator. I also do not think that there is any value in individual candles or candle patterns as they are easily manipulated.
Hence, my recommendation to newbies is to ignore all of the TA textbooks totally. They are all useless. Realise that they will not help you and then look to either get close to someone that can trade or go on your own and study the behaviours of a few markets.