custom indicators
- Thread starter DanielH
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Better have a look at what Euan Sinclair has to say about technical analysis. It's the 5th or 6th answer from the top.
www.quora.com
How does technical analysis really help?
Answer (1 of 55): Tom Costello’s answer is the only one that is close to being good, and even he pulls his punches a bit. No. Learning technical analysis is not worth it. TA is garbage. There will of course have been traders who have succeeded by using TA. But this is utterly meaningless unless...
Better have a look at what Euan Sinclair has to say about technical analysis. It's the 5th or 6th answer from the top.
How does technical analysis really help?
Answer (1 of 55): Tom Costello’s answer is the only one that is close to being good, and even he pulls his punches a bit. No. Learning technical analysis is not worth it. TA is garbage. There will of course have been traders who have succeeded by using TA. But this is utterly meaningless unless...
I like the Laurent Bernut response even better.
Nassim Nicholas Taleb
@nntaleb
·
25m
For those new to the game, there is ZERO evidence that "resistance", "trendline", "Fibonacci", "shooting star", & similar concepts predict anything in mkts. It is simply, like astrology or Modern Portfolio Theory, an anxiety reduction scheme.