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is technical analysis total bullshit?

what the fuck are these bros doing drawing lines on graphs
Iridescent house
  09/23/17
The chart has the history of price action. It tells you what...
Opaque House-broken Base Athletic Conference
  09/23/17
but also OP ignores that if people BELIEVE in technical anal...
Cerise well-lubricated mother address
  09/23/17
While this could definitely true, I'm not sure that the BIG...
Opaque House-broken Base Athletic Conference
  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...
Avocado cracking twinkling uncleanness
  09/23/17
hdy
jet-lagged spruce messiness internal respiration
  09/23/17
For cryptocurrencies, it's largely bullshit because crypto d...
Exhilarant Twinkling Gaping
  09/23/17


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Date: September 23rd, 2017 1:42 PM
Author: Iridescent house

what the fuck are these bros doing drawing lines on graphs

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



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Date: September 23rd, 2017 1:46 PM
Author: Opaque House-broken Base Athletic Conference

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.

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



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Date: September 23rd, 2017 1:54 PM
Author: Cerise well-lubricated mother address

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!

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



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Date: September 23rd, 2017 1:59 PM
Author: Opaque House-broken Base Athletic Conference

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

(http://www.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.

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



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Date: September 23rd, 2017 2:08 PM
Author: Avocado cracking twinkling uncleanness

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.

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



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Date: September 23rd, 2017 2:56 PM
Author: jet-lagged spruce messiness internal respiration

hdy

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



Reply

Date: September 23rd, 2017 2:37 PM
Author: Exhilarant Twinkling Gaping

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

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