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Technical analaysis method questioned

Discussion in 'Investment Analysis' started by monilhathi, Jul 27, 2013.

  1. monilhathi

    monilhathi New Member

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    Hi Shabbir

    I came across recent posts that questioned the TA methods itself. Below are some links. What are your thoughts on this?

    http://www.priceactionlab.com/Blog/...some-typical-arguments-of-technical-analysts/

    http://www.elitetrader.com/vb/showthread.php?threadid=237594&perpage=6&pagenumber=1

    I am not sure if understanding chart patterns proves useful or a combination of fundamentals and technicals are useful. There is just so much out there, that it overwhelms ordinary investors like us.

    Your thoughts?? :paranoid:
     
    monilhathi, Jul 27, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    There are exceptions in every theory and none of the theory is 100% full proof and so I don't care what people say. If it works for me is all I care and if I have good success ratio, is what matters to me the most.
     
    shabbir, Jul 27, 2013
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  3. monilhathi

    monilhathi New Member

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    Thanks Shabbir, this is reassuring for newbie investors/traders like us!
     
    monilhathi, Jul 27, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jul 27, 2013
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