What people don’t want to hear about technical analysis

Does technical analysis work? No, but yeah, but no, but kind of, well sort of, well it depends. Kind of.

Creative Commons CC BY 4.0

Creative Commons Creative Commons: By Attribution 3.0 License
.
.
.
Risk disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

[EternitySoundDesign]

1. I've always said TA does exactly what it says on the tin: it tells you what happened. How you use that info, and how you apply it, is where most people F up. That brings me to point 2. I definitely believe that experience is the key driver to good trading practices and profit. As you noted, you and an experienced trader can see the same pattern, and he can make money, you might loose money. You both saw the same thing, but reacted to it differently, and the difference in reaction and action taken is down to experience.

[SiddharthaRay]

Any kind of analysis is helpful just to create crowd. More people means more volume. More volume means powerful trend if one side wins. Now wait to see which side wins & join the crowd. If it fails join the opposite side. Always take small loss & ride big. 😊

[MaddoggTrading]

Hey Iman, i'm here from Day Trader Next Door's channel, heard him mention you in that recent video. Great stuff, thanks for sharing!

[rikodewaner]

you've said it, 'experience'
It build knowledge and intuition
If it build knowledge, it can be easily coded
Since it build the intuition, it makes it harder to code, not impossible

[ArumitTalukdar]

I once watched a TED talk where the speaker tells 'traders need to be emotionless'. While that is not fully attaintable, leaving emotions aside, and not being greedy, you can enjoy success in the long run. it all boils down to staying in the game (reducing losses)! TA is good tool until we compel that to fit into our biases.

[shubhangagarwal]

Here we go man, same thing you taught me back in last vedio in my comment made, you have officially made a version out of it, it hit me hard and my mindset have definitely altered, Now spending time more charts than data to understand it's behaviour 👍👍👍👍👍

[ianinkster]

"support" and "resistance" are themselves facets of technical analysis

[Dahmy]

Am full time day trader and I don't care technical analysis at all I just care the new support and get out that's all

[jamesdoesstonks]

very good content man, make eye opening videos like this and you'll for sure have a good following one day.

[muhammadrizwan]

Appreciate your efforts. Have one question in the last part of video you introduced your very small amount course or joining.. if you make any paid content it's mean you will not share that here on YouTube?

[johnrun]

I'm a beginner and may be talking crap, but I think more in terms of whether bullish or bearish energy is dominating, building or waining over time with what I think of as bottle necks for this energy (key levels), rather like the idea of the same in energy medicine, such as acupuncture. It's working for me with a 80-90% correct prediction rate, but I still have to master those poxy losses to make much profit over time, but I'm getting there (a tiny account doesn't help). Whatever works for you as an individual I suppose. If indicators are based on the past, they can't predict those sudden WTF not playing the averages game candlesticks that catch us all out. Love your humour mate ;-)

[dodgeholls]

Indicators are an indication... Nothing more. Been watching more of your videos lately. Great work.

[silas-bvql]

Volume is the king! Because it's different information and direct effect of real-time activity. All price-based indicators are the same that price with arbitrary deformations. Trending lines, order blocks, and all handy painted things are completely subjective.

[Sciencewithbasic]

Please tell us how to actually become successful trader as a complete beginner. We want to learn from youu cause you're honest man. Please help us

[CK_Lo]

Omgggg I love both this channel and Benjamin, I’m watching this video for the first time and I cannot be happier🥹🥹🥹

[reuben]

i thought I was gonna disagree with this video but wow you hit the nail on the head

[poisonza]

I believe it depends. You can employ a data mining package to determine whether a specific asset holds an advantage in any of these patterns or a combination of them. And, of course, you'll need some form of theoretical guarantee to ensure that these properties remain true in the future

[kissuck]

I'm new to trading so everything you have said is pretty refreshing from all the other trading YT channels. But i had to comment because thee dinosaur image was too funny. Please continue making more videos. Cheers!

[vqfive]

The only technical analysis I use is which way the trend is going. What Direction the last 3 candles went. How much volatility is there. I use no indicators just price action.

[greysonwebb]

What about using more than one technical indicator together? Like using RSI and Volume and comparing each of those to price lows/highs to look for divergences/convergences? Or using a 50 day MA and a 200 day MA and only entering trades when the 50 crosses above the 200? And what about following the rules of convergence/divergence as well as the 50/200 MAs together? Can't you combine these different strategies and follow all their rules at once in order to enter trades under specific conditions? It makes sense that using only one indicator by itself would not work. But all I would need to make money is a win rate greater than 25% and a 1:3 risk:reward ratio. So are you saying that technical indicators used together in strategies like these fail to maintain a win rate greater than 25% in the long term?