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16272041 No.16272041 [Reply] [Original]

Does TA actually work?

Or are there other factors? Is it that people who are just more knowledgeable about the stock market also end up knowing TA, so they would make gains with or without it?

>> No.16272086

It works amazing to lower your risk, but most people just jump between 100 different indicators in the hope to find the perfect one where there is zero risk which does not exist, and then get angry because they didn't apply the rules correctly, but use their feelings.

>> No.16272090

>>16272041
TA is just macro psychology.
Take support/resistance/market structure for example. If you normally buy and sell apples for $0.40-$0.50 in a range, and they're suddenly $0.37, what do you do? Most people panic and sell their apples instead of buying more.

>> No.16272121

>>16272041

'ta' as retail traders know it is a fabricated junk methodology promoted by brokers to get people trading "da MACD is crossing better buy!" why else would people feel an impulse to buy? no 2 people come up with the same ta. you can go on tradingview where money losing gamblers post their charts and they are so dogmatic about it and they want to believe they are putting time into learning a craft. they are always losing trades except for pure luck once in a while but believe they are always around the corner from mastering ta. they can't admit it's a worthless venture that's costed them lots of money and time.

>> No.16272150

>>16272041
>>16272041
No its even more vaporware than 99% of crypto
Bullshit line drawing, anyone trying to sell you on TA is selling you fairy dust
Only thing that is proven to work are the algorithm bots all the firms run

>> No.16272194

>>16272041
ofc TA works. biz hates it cause its mostly brainlets that dont know how to apply it to actually be profitable. Id say its 66% of what makes a trader profitable.

>> No.16272214

>>16272041
TA does not work. Only idiots who don't understand statistics would disagree.

>> No.16272247
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16272247

>>16272194
Also, all the good TA, traders will keep to themselves. But basic TA principles are a good place to start to understand the concepts.

>> No.16272304

>>16272086
>>16272090
>>16272194
3 yes
>>16272214
>>16272150
>>16272121
3 no

So I got a 50/50 shot with TA?

>> No.16272379

TA "doesn't work" if you treat it like a crystal ball. It's really just giving you a way to analyze the condition of the market.

>> No.16272393

>>16272304
Isn't that the nature of gambling? Or the nature of human psychology, just like 4chan where anyone can post without being censored

>> No.16272415
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16272415

>>16272379
Right, it gives you a rough idea of over/under valued. But you can’t just write a trading bot that goes off TA. You have to use common sense/intuition and say that even though the market is oversold here, it’s not because of this reason.

>> No.16272436

>>16272415
well you could run a bot with something simple with say, moving average crosses. although those type of bots aren't known to be super profitable

>> No.16272459

Let me answer your question with another question OP:

Does divining the future with chicken bones actually work? Like can you really peer past the misty veil of time with your inner eye by watching chicken femurs crack in a fire pit?

>> No.16272880

>>16272459
Why are there some people so convinced though? Do daytraders actually make money?

>> No.16272890

>>16272880
Because they are idiots fooled by randomness and confirmation bias. Of course some day traders make money but it's only because they got lucky. They don't actually have an edge.

>> No.16272900

It works, if you keep adjusting your lines.
Meanwhile you've lost thousands just to convince yourself that your lines are correct..

>>16272880
To daytrade you need at least $20k.
If you catch a +1 or at 2% after fees you already made your day.

>> No.16272967

>>16272900
checked, whatdya mean adjusting your lines? you trying to say some faggots don't respond to market movements and stay with what they first TAed?

>> No.16272999
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16272999

>>16272041
>does history work

>> No.16273216

>>16272999
Why would it though if everything is based on new information and new ways to spread that information?

>> No.16273347

>>16272041
it works, supply and demand zones work (based on experience)
and trends are definitely a thing (check reflexivity)

it's largely self fulfilling imho

The problem with it is that there's always an explanation for every movement in the market that people use in hindsight but couldn't really see beforehand.

market pumped? must be cause we touched support that I didn't draw
market dumped? Must be cause we touched resistance that I didn't see
and it goes on and on

I try to supplement TA with wyckoffian logic and news cycles.

TA helps when setting targets and stop losses, identifying ranges and trend direction

>> No.16273421

>>16272041
As a mathematician, it makes no sense to me that people believe all information is encoded into a single variable. That is just absurd.
Even if all the information affected the one variable, you couldn't reverse the process and make any kind of predictions because there are far more inputs then the simple output.

With that said, it's labeled pseudo-science without any convincing arguments for why its false. This is usually a good sign there is actually something to it. Perhaps it was more effective at different times, or just requires a lot of experience and skill to use effectively.

>> No.16273511

>>16272041
It might give you an edge, and any edge at all is good in trading. And its a small part of trading.

>> No.16273535

>>16272090
Ta uses some psychology as axioms. Things like support/resistance, price structures, and trends are all based on psychological principles that may or may not be true. Theres no wat to prove if they are true

>> No.16273536

>>16272041
TA is just reading charts, and yes it does.

>> No.16273555

>>16272459
>>16272890
You guys look like tards afraid of a camera stealing your soul. That's how retarded you look.

>> No.16273614

>>16272041
If you look in the scholarly literature, the evidence for it is very weak.

>> No.16273653

>>16272041
Yes, but don't rely on it. Because of all the manipulation in the crypto markets, a pump can happen at any time, and they like to happen when people are expecting for the price to go down. Ex: CAPS LOCK ANON

>> No.16274192

>>16273614
>the evidence for it is very weak.
>>16273535
>and trends are all based on psychological principles that may or may not be true
There is actually quantitative data on the underpinnings of TA, support/resistance levels are not random

>> No.16274360

>>16272041

Most of TA is bullshit because market makers manipulate the markets. They need retail traders (you) to come into the market (liquidity) in order to get their giant orders filled. Without manipulation the market will never move up or down. Understanding this, you need to trade unlike 95% of other traders, this is the challenging part to accomplish.

I trade the supply and demand strategy. Sometimes you can have two zones that look exactly the same, one would fail and the other would not. I still haven't 2xed my account to tell you if it worked or not. I'm stuck at break even.

>> No.16274366

>>16273347
Can I invite you to my supply and demand discord server?

>> No.16274501

>>16272041
https://m.youtube.com/watch?v=82e9ItjxS5U