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8898635 No.8898635 [Reply] [Original]

Convince me that TA isn't a sham form of divination.

>> No.8898637

>>8898635
no

>> No.8898677

The best way to settle this is to go out learn the basics then try it yourself. I was sceptical for a long time because of the fact that lines on a chart shouln't influence real life. However the reality is that price is only psychological and everybody is looking at the same meme lines.

>> No.8898681
File: 943 KB, 1600x1200, technical_analysis.jpg [View same] [iqdb] [saucenao] [google]
8898681

>>8898635
why don't you convince me that it is

>> No.8898688

>>8898635
Can't, because it's not possible.

>> No.8898689

>>8898635
Simple. Divination has a higher success rate.

>> No.8898694

>>8898635
there's a reason people sell books and training on technical analysis instead of just using it themselves in various markets

>> No.8898708

>>8898677
So TA can explain movements after they've occured but still fails to predict them.

>> No.8898728
File: 42 KB, 640x480, haibud2.jpg [View same] [iqdb] [saucenao] [google]
8898728

>>8898635
retards trade using it so it sometimes works as a self-fulfilling prophecy

mostly this >>8898694 tho

>> No.8898756

>>8898635
Technical analysis is so fucking useful to see where a good price is to buy something. Defining support/resistance levels is insanely helpful. Knowing the stages of a cycle (accumulation, markup, distribution) is legit all you need to make a fuck load of money in crypto.

But oh well, plebs will say it doesn't work because their idea of TA is that it tells you WHERE the price is going to go and WHEN. That isn't TA, and you're retarded.

>> No.8898818

>>8898635
it is just hold your fucking bags and keep the ponzi going

>> No.8898889
File: 73 KB, 437x437, BARTED.jpg [View same] [iqdb] [saucenao] [google]
8898889

>>8898635
TA doesn't work in a Simpsonean Market

>> No.8898905

>>8898635
People who predict what will happen with CERTAINTY are usually frauds.

I use TA to make a "game plan" on possible scenarios that could occur, and trade based on that.

e.g. a chart is about to double-top. Two things usually happen here:
1 - it gets "rejected", and everyone thinks the resistance can't be broken and sells, and the price tanks
2 - it "breaks out", and the price spikes because everyone thinks the resistance has been broken and fomo buys.

So if it gets rejected, I sell, and USUALLY it's the top. If it breaks out, I buy in, and try to sell when I'm in decent profit before it goes back down again.

Usually it works, but there are "fake outs" (e.g. it breaks out, only to go back down, or it double tops... gets "rejected", then just pumps). For these scenarios, you need to set TIGHT STOPS.

Basically, just notice patterns that happen regularly, and trade on possible outcomes, with tight stops in case you get it wrong.

Over time, you'll come out ahead if you're doing it right (cut your losses short QUICKLY, and let your profits from your correct guesses run... and you'll commonly have correct guesses with TA, but NOT always).

>> No.8898914
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8898914

Y/N?

>> No.8899798
File: 16 KB, 423x347, 1518404712907.jpg [View same] [iqdb] [saucenao] [google]
8899798

>TA

>> No.8900065

>>8898708
Sort of. Except you can't use them to explain after the fact either. They're lines on a chart, if you're receiving messages it's because you're schizophrenic.

Here's what you do. You quantify chart patterns with algos, backtest your pattern matching strategy, and then create a risk management strategy based on the expected returns of your simulations and update your exposure to the market accordingly.

>> No.8900104
File: 82 KB, 648x510, Screen Shot 2018-04-14 at 18.19.00.png [View same] [iqdb] [saucenao] [google]
8900104

>>8898635
anyone any info on where I can read pic related?

>> No.8900112

>>8898635
because it seems shammy. calling for anything other than 1k eoy in a sin.

https://www.youtube.com/watch?v=-UarLssF-do

>> No.8900263

>>8898635
What exactly do you think TA is? It's just watching what the market is/has been doing so that you can form a response to it. It's not fucking magic or divination....it's observation and the narrowing down of possibilities based on probability.

>> No.8900280

>>8900104
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2401230
This one is better for your circumstances.

>> No.8900283

>>8900263
Think of it as a study of the markets psychology....what kind of movements influence people to buy and sell at the times they do?