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is technical analysis total bullshit?

what the fuck are these bros doing drawing lines on graphs
cowardly mad-dog skullcap cruise ship
  09/23/17
The chart has the history of price action. It tells you what...
heady big-titted ticket booth dysfunction
  09/23/17
but also OP ignores that if people BELIEVE in technical anal...
orchid magical range
  09/23/17
While this could definitely true, I'm not sure that the BIG...
heady big-titted ticket booth dysfunction
  09/23/17
If everyone's trading on signals, it's real. Mimesis and sh...
rachmiel
  09/23/17
no, but the way it's done is not rigorous. almost everything...
gold factory reset button home
  09/23/17
hdy
Laughsome Bipolar Indian Lodge
  09/23/17
For cryptocurrencies, it's largely bullshit because crypto d...
spectacular fear-inspiring tanning salon rigpig
  09/23/17


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Date: September 23rd, 2017 1:42 PM
Author: cowardly mad-dog skullcap cruise ship

what the fuck are these bros doing drawing lines on graphs

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276743)



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Date: September 23rd, 2017 1:46 PM
Author: heady big-titted ticket booth dysfunction

The chart has the history of price action. It tells you what has already happened, which can give you an indication of what the current environment is. Charting is useful because it will tell you if what you think is going on or how you "feel" is supported or refuted by history.

I think anything more complex than trendlines, support and resistance and the big classical patterns (head and shoulders etc.) is largely bullshit.

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276751)



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Date: September 23rd, 2017 1:54 PM
Author: orchid magical range

but also OP ignores that if people BELIEVE in technical analysis it becomes a self fulfilling prophecy. oh, we're hitting this EMA/DMA? better buy/sell!

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276792)



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Date: September 23rd, 2017 1:59 PM
Author: heady big-titted ticket booth dysfunction

While this could definitely true, I'm not sure that the BIG (read: block) traders are using signals in that way tho, and they're the ones who really move the market. What you're saying makes sense in theory, I just think it's a little more complicated than that so I don't use that argument in support of TA

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276812)



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Date: September 23rd, 2017 1:48 PM
Author: rachmiel

If everyone's trading on signals, it's real. Mimesis and shit.

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276765)



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Date: September 23rd, 2017 2:08 PM
Author: gold factory reset button home

no, but the way it's done is not rigorous. almost everything in technical analysis can be back-tested, which means done properly technical analysis turns into quant investing.

the best analogy ive seen is technical analysis is to quant investing what alchemy is to modern chemistry.

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276881)



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Date: September 23rd, 2017 2:56 PM
Author: Laughsome Bipolar Indian Lodge

hdy

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34277258)



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Date: September 23rd, 2017 2:37 PM
Author: spectacular fear-inspiring tanning salon rigpig

For cryptocurrencies, it's largely bullshit because crypto doesn't express cyclical patterns as neatly as other securities

(https://autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34277116)