/biz/ - Business & Finance

[Anonymous No.49258441]

Why do retards believe in TA? Is it cope?

[Anonymous No.49258531]

Retard here, i believe in TA cause it works.

[Anonymous No.49258585]

>>49258441
because it gives you a false feeling of control over something you cant really predict or control

[Anonymous No.49258596]

>>49258441
>>49258585
MIDWIT COPE
>>49258531
BOTTOM BELL CURVE BASED

[Anonymous No.49258605]

>>49258441
self fulfilling prophecy so yea it works

[Anonymous No.49259150]

>>49258441
Forex anon makes weekly threads with video proof, showing TA works. He literally makes millions trading that shit and appears to exclusively use TA, in every thread there are midwits like you seething and coping but TA works.

[Anonymous No.49259192]

Midwits don't believe in an IQ distribution so how would they believe in a returns distribution

[Anonymous No.49259223]

>>49259150
IT WORKS BECAUSE ONE SOURCE OF DATA
People get rich off the lottery too midwit try learning some stats and probability before you go broke

[Anonymous No.49259274]

>>49259192
>>49259223
I have 75 IQ, I'm not a midwit. Forex anon clearly has 140+ IQ and demonstrates his use of TA every week in his threads literally check the archive.

[Anonymous No.49259305]

>>49258441
TA is the sum of all whale orders.
It works if you accept that whales can put the price anywhere they want, whenever they want, to the penny
only when youve accepted that the entire market is fake, and a scam, does TA start to work for you

[Anonymous No.49259366]

>>49258531
>i believe in TA cause it works.

Assuming TA actually worked, that would mean you should never buy crypto because there's trading firms with millions of dollars and teams of quants analyzing every coin you're about to buy with 10 mins of looking at some lines

[Anonymous No.49259374]

>>49259274
TA anon just gets lucky. You should always expect to see outliers. Ever wonder why it's not working for you 75iq vegetable?
>>49259305
You should finish school retard, TA is lines on a chart nothing more. If you accept orders can be placed wherever they want you realize price action is a random walk. I hate having to explain to retarded TA nigs look up Brownian motion and study your moment dumb bitch

[Anonymous No.49259385]

>>49259374
>just gets lucky
He literally posts threads every week and pretty much always profits, you're coping extremely hard.

[Anonymous No.49259394]

>>49258441
Itt: retards to tardreeeeee to understand ez pic related

ggez git gud

[Anonymous No.49259403]

Self fulfilling prophecy. If enough people believe and try to trade the meme lines, the memelines become real. There's also certain things that I, and probably many others, instinctually see on charts like a double top, double bottom, retests, and a range. Probably some pattern recognition part of the brain. It's all bullshit or course, but here we are.

[Anonymous No.49259430]

>>49258441
Unrelated to TA but relevant to the topic ITT. I gatekeep others by feeding false information. Retards and newfags listen to it. Doggy dog world

[Anonymous No.49259438]

>>49259385
You are a mentally impaired 75iq potato so you are probably correct here and the field of probability is wrong

[Anonymous No.49259473]

>>49259438
I also bought shib and bored apes at near the bottom, because I buy cryptos based on logos and colors. I unironically made it because of my low IQ while a seething midwit like you probably holds coins with "fundamentals" LMAO.

[Anonymous No.49259548]

>>49258441
TA works until the sheep get to hairy then it doesnt. A DSP style approach works better.

[Anonymous No.49259563]

butthurt losers talk shit about TA because they've spent all of 10 minutes looking into it and failing. TA still requires some understanding of context before making decisions, and you need to complement it with money management which most people lack.

but what do i know? i just make $10k-$20k a day from trading futures using TA.

[Anonymous No.49259597]

>>49258441
Because it's literally the only way to make sense of the chart. What's the alternative?

[Anonymous No.49259619]

>>49258441
It works, but not in the way anons want it to works. TA is just a construct made by giga rich kikes groups, in order to predict the movement of the dumb money. That's why they push TA courses on trading platforms, they don't want you to earn money, they want to give you a strict framework so they can predict what you will do with your money.
Everyone who says otherwise is a big NIGGER KIKE TRANNY.

[Anonymous No.49259653]

>>49259619
How much capital do you think retail collective has?

[Anonymous No.49259654]

because it literally works. cope

[Anonymous No.49259671]

>>49258441
It's chart porn that makes them feel smart.
Admittedly it does look cool, but ultimately useless.

[Anonymous No.49259696]

>>49259653
More than Anons.

[Anonymous No.49259824]

retards think a couple of textbook indicators is a "strategy" and act smug when it loses money once backtested.

some indicators work when the market is trending. others will work when it's bouncing in a range. all magic lines will fail some of the time even when your setup looks correct. it's a game of probabilities. that's it.

[Anonymous No.49259895]

>>49259563
And then you wake up

[Anonymous No.49259970]

>>49258441
You are poor.

[Anonymous No.49260026]

>>49259192
You are also poor.

[Anonymous No.49260042]

>>49259563
Any tips? i often use Open Interest interpretation, open/long liquidations, volume and basic chart patterns. It has been pretty good so far, but im just starting

[Anonymous No.49260064]

>>49258441
some people need to believe there is order in the chaos or they will go insane

[Anonymous No.49260138]

>>49259563
nice larp but anybody who has IQ > 50 understands that you cannot predict future price action with meme lines you dumb negro. Your monkey brain wants to see shit because it's easy but one person sees pattern X the other Y, the next has different zoom level and uses other meme lines etc.

[Anonymous No.49260169]

i dont get why people who make money off trading by using good TA try to convince retards who insult them that it works, just let them alone guys. They are not meant to make it.

[Anonymous No.49260177]

>>49260042
i was talking about tradfi futures, i.e. equity index futures, bond futures, energy, metals.

i don't have tips for you because i don't really trade crypto futures. you get better leverage and trading fees in the US trading tradfi futures.

[Anonymous No.49260210]

>>49260138
Jim Simons said that TA works. That's enough for me.

[Anonymous No.49260239]

>>49260177
Why don't you trade forex pairs?

[Anonymous No.49260258]

>>49258441
TA is just pattern recognition. doesn't always go the way it did, but its a pattern for a reason.

[Anonymous No.49260290]

>>49260138
whatever you say. the profits in my trading account must be imaginary.

[Anonymous No.49260358]

>>49260177
Any TA tips for trading futures? I scalp a 10 tick chart like scalping the DOM of ES at discretionary price levels hardly any "TA" i basically go in the opposite direction after the pace of tape prints a bunch of orders in one direction likely a stop run or a run into liquidity. Based on auction theory that that liquidity will be a price the longs or ahorts know is likely the best price they will get ao they exit their position which pushes the price in the opposite direction where I scalp a few months. The only TA is I target a mean reversion or keltner channel. I have experimented with all TA and it all seems bunk to me. I dont see aany value in it from a data science perspective. The data has no rgulairty at all... Like the movements around news reprots the closing and opening of the day etc are areas where the data set is completely different from other areas. So if you are running optimization and backtests with that data your result what is it even telling you? Especially if you use TA on a time Based chart. Tick and volume arent much better.

If anyone has any input please give it in aa data science and statistics explnation. Go in depth with the calculation and explain why it makes sense. For example if you dont know why bollinger bands dont make any sense on a price series just dont respond. Look it up.

[Anonymous No.49260364]

>>49260239
i just haven't really invested the time into figuring them out. i've had some success with GBP/JPY since it's more aligned with my style of trading but i figure i stick to what i know best.

[Anonymous No.49260372]

>>49258441
If it works, it works.

[Anonymous No.49260387]

>>49259366
>Technical Analysis doesn't work.
>Firms analyzing

TA is a battle between traders, whose technique is better, wins in the end. Win the market

[Anonymous No.49260419]

>>49260290
>imaginary
yes maybe you should take your meds, schizo

[Anonymous No.49260433]

>>49260258
This.
It's just using pattern recognition on historical data to guess what is likely to happen.

I don't see how that can possibly be cope and I think that everyone who says that TA doesn't work at all is incredibly stupid.

>>49259671
>>49260138
Morons
>>49259403
Moron who thinks he is intelligent.

[Anonymous No.49260460]

>>49260433
>pattern recognition on historical data
that's exactly the problem you dumb nigger.
holy fuck how many retards did pop up the last years on 4chin, unbelievable

[Anonymous No.49260469]

Does he have the best TA on youtube?

[Anonymous No.49260481]

I hate midwits who try to make a secret out of what isnt. Nothing would please me more than for infinite pajeets to suddenly win and force you to get a job

[Anonymous No.49260519]

every cunt defending TA on this thread is a fucking retard and has no background in finance/statistics/college education guaranteed. the state of this board is fucking sad

[Anonymous No.49260525]

>>49260358
> Bollinger bands
ngmi, What else, RSI?, people make fun of TA because of those shitty overrated indicators. The first thing you have to do is understand is supply and demand basics, then how the jews move a shitton of money to force stoplosses/liquidations. With that info clear, basic chart patterns works pretty good, learn about open interest and all the ways it can be interpreted (for example, if theres a 1m big price drop with a OI drop as well, is 90% still bullish or a v recovery, short/long squeeze). Volume interpretation is pretty good as well, watch for binance/bitfinex liquidation indicators and how to take advantage of them. How to read dept charts and sell/buy walls. This is the correct way of trading, thinking like a ((( market maker))) and not like a goyim retail one.

[Anonymous No.49260564]

>>49260525
Bro read my sentence about bollinger bands again. I am literally saying they dont make sense on pricr data. Im blowing out any retard that uses bollinger bands. Simply mentioning them exposes the poster as a smooth brain which you know. Read my post again.

[Anonymous No.49260599]

>>49258441
TSW

[Anonymous No.49260607]

>>49260525
My post literally said everything you said there but I dont trade crypto I trade futures. I described exactly how I trade the auction market dynamics and volume. Fucking yikes bruh.

[Anonymous No.49260642]

here's a TA tip for everyone that asked:

keep it fucking simple. where's yesterday's open and close? where's the overnight high and low?

just watch those 4 levels intraday and see what happens. if it blasts through, hop on. if it rejects and fails to break through in a reasonable amount of time, fade it.

this is just one strategy any monkey can do. the problem is people are impatient, get anxious, and violate the setup. that, or if it goes against them, they hang on or double down. that has nothing to do with TA.

[Anonymous No.49260670]

>>49260607
What's so wrong about them? What makes Keltner Channels any better?

[Anonymous No.49260679]

>>49260607
>>49260564
lol, sorry, i was making dinner and i admit i didnt read your post entirely. afaik, datascience stuff with price movements or patterns is quite difficult because of all the noise to clean so it can be studied efficiently. The people i know that uses DS to trade or program bots are just looking for correlations between coins and trade the fastest way posible when one move first.

[Anonymous No.49260740]

>>49260460
>>pattern recognition on historical data
>that's exactly the problem you dumb nigger.
Damn you are extremely stupid.
Care to elaborate on why pattern recognition on historic data does not work?

Post hands, there's no way you're not brown.

[Anonymous No.49260757]

>>49260740
because you cannot predict future price from historical data. I hope you just pretend to be this retarded anon

[Anonymous No.49260763]

>>49260433
I literally said pattern recognition you drone

[Anonymous No.49260778]

>>49260670
I cant really explain it but it has to do with the idea of a standard deviation on price data. I dont advocate keltner channel as a signal its just for a price target. Keltner channel is basically just a vhannel around an SMA which we all know how an SMA is calxualted so its just a line offsetting the SMA so if i think the trade can go for more than a mean reversion target the top of a keltner channel where i have calculated the offset based on a ATR of a larger sized candle. Which basically gives me probability zones. When the price is above or below the keltner channel if a bar were to print now it would be larger than 1 ATR entirely in the up or down direction. But again I dont use it as a signal or anything just as a target. The signal is in the auction market dynamic observing behavior around a price level.

[Anonymous No.49260845]

>>49258531
What is the fundemental difference between reading chicken bones and 99% of TA?

I agree the Moving Averages and RSI and logical enough and based on factual mathmatics and human nature, but, the majority of TA is literally the same as throwing chicken bones in a fire and trying to scry the future from how the bones crack.

It's hokem.

[Anonymous No.49260859]

>>49258585
Based

[Anonymous No.49260876]

>>49259274
>Midwit doesn't think he is a midwit.

[Anonymous No.49260893]

just went long 60x lev on MATIC and made a shitload so does it really matter?

[Anonymous No.49260908]

>>49260679
Isn't TA just applying data science to price series to forecast future price? Thats all I see it as. Maybe I don't get the voodoo magic cult aspects. But I think we are on the same page. I uae higher time frame TA but the further from the raw data I get the less value I place on the forecast. Too many factors. Too much potentional for gray and blck swans.

[Anonymous No.49260939]

There is no need for it. Simply buy when you know it will go up, and then sell at the top. Imagine not having a tulpa advisor, mine tells me when to trade.

[Anonymous No.49261055]

>>49258441
this, astrology is the only thing that works

[Anonymous No.49261130]

>he swing trades his entire networth based on squiggly lines he drew on a graph
Oh nonononono. TAbros need to accept that they are no better than women who judge men based on the compatibility of their zodiac signs

[Anonymous No.49261519]

>>49260893
Meanwhile I am staking my MATIC bag on Cometh swap for rewards. I rather play safe for my mental health

[Anonymous No.49262331]

>>49258441
Because TA still works in the short term and only those influencers manipulation tweets are affecting them in the long run, I don't do trading btw as I'm just accumulating lots of bags including my NAKA CAKE and mostly PINK.

>know the best bitch

[Anonymous No.49262478]

>>49258441
TA is just supply & demand

[Anonymous No.49262735]

>>49258441
I have a few fancy finance certs so maybe I can explain:

TA is just a means of trying to access investor pyschology. The rationale is pretty solid: certain patterns (i.e. chart gaps) can indicate behavior, sentiment, and motivations behind trading action. So a gap in a chart for example typically will create a new support or resistence line because the price moved suddenly leaving some players below or above where they bought/sold and thus at a loss. When the price closes in on their basis, they trade to minimize their loss, thus creating support.

I've written a paper on Efficient Markets Hypothesis and I went into the project thinking that weak form EMH (where technical analysis works) would be the only one that would hold (any retard can prove to you strong-form doesn't hold and Warren Buffett's existence discredits semi-strong form). However, when reviewing the literature, I was surprised to find that studies indicate market technicians do tend to outperform on a risk-adjusted basis before transaction costs and tax. Once you factor those in, there's no benefit, but with $0 commission brokerages, I think it's possible that technicians could outperform.

In my professional experience though, I've found that TA is more helpful for entering/exiting long-term positions. So for instance, I might want to buy a stock because I like the fundamentals, so I'll use technical analysis to figure out where the price might be heading and place my limit there.

There are some people who are really good at it (Soros and Paul Tudor Jones being prime examples) but it's not for everyone. The best are former pit traders like PTJ typically because they're in tune with the raw emotion of the market - those people I've found can actually feel the greed and fear driving markets looking at charts. Again, it's not for everyone but it has it's place.

I know you didn't come here looking for an explanation, much less one this long or autistic, but that's what you got.