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March 10, 2010, 06:24:34 AM
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How were you convinced that Technical Analysis works?
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Topic: How were you convinced that Technical Analysis works? (Read 303 times)
Fox
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How were you convinced that Technical Analysis works?
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November 21, 2009, 03:56:15 PM »
First off, I must state that I have not used TA for trading decisions and my knowledge of TA is close to zero. In other words, I have no strong views either way about the validity or effectiveness of TA.
Trawling through forums, I have found intelligent voices I respect, who subscribe to TA. This has piqued my curiosity about TA. I am still happy with non-directional trading, but it is always a plus to be open minded and to learn.
My question is this:
What was the single most significant argument that convinced you that TA is an effective direction forecasting tool?
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Grinder
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Re: How were you convinced that Technical Analysis works?
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November 22, 2009, 03:20:51 PM »
Still yet to be convinced. Figure you can let yourself be convinced of anything if you want to believe, much prefer to use TA indicators as a way of forming an hypothesis but do not put any faith in it or my hard earned.
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Condors
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Re: How were you convinced that Technical Analysis works?
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November 23, 2009, 11:14:54 AM »
Quote from: Grinder on November 22, 2009, 03:20:51 PM
Still yet to be convinced. Figure you can let yourself be convinced of anything if you want to believe, much prefer to use TA indicators as a way of forming an hypothesis but do not put any faith in it or my hard earned.
I like the "hypothesis" hypothesis.
I don't ascribe any predictive value at all to TA. It's a coin toss. But it does allow you to create a hypothesis with boundaries telling you whether your hypothesis is right or wrong.
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