Technical AnaCRAP does not work

[jamesj188]

I HAVE REALIZED, U CAN ALWAYS GO AND FIND PERFECT EXAMPLES OF TECHNICAL SIGNALS AND HOW THE PRICE WORKED WELL WITH YOUR MESSAGES.

BUT ONCE YOU START TRYING TO PREDICT THAT FOR YOUR NEXT ACTUAL TRADE,
IT WILL NOT WORK!

You will always find what you are looking for once you start looking for it! The same goes with technical analysis (of past stock trades).

 

[scose-no-doubt]

If you're going to flame TA you need a lesson from the master.

1. No capitals - they instantly eliminate you message board credibility.
2. Timing - you have to post at at the time of day when the bulk of TA traders are on.
3. Build a case - you need to use examples or a logical basis to refute others arguments. Spurious claims are insufficient to warrant response.
4. Catchy thread title - works best if you include a third person narrative.
5. Home your trolling and flaming skills as there are far better than you out there.

Overall Effort C+ Achievement F (no response)

 

[ronblack]

Nice post in the Price Action Blog today about a massive TA chart pattern failure in GLD. The author hinted at manipulation.

 

[enragedcow]

cool story bro