Disliked{quote} I would have thought it's the psychology of accepting what is being shown by any technical tools to give confidence to get into a trade, at a point where the market does react according to what was being indicated. Therefore confidence in your system and/or technical tools is what gives an edge over just looking at a random chart of prices and making a decision only based on that. Anyone says you can just trade on what the price shows and doesn't need technical tools is a liar, as a consecutive list of prices over a timeframe is also a technical...Ignored
Yes you're right, and as I said, technical tools can indeed give you confidence to enter but, in my opinion, gives you no edge. No one has ever shown me any data that proves that any technical analysis can give you an edge, TA is all pretty much 50/50 over time!
I hear what you're saying but I'm afraid I disagree with you, using your analogy I would be able to trade profitably without a chart. Remember price is Random with occasional Levy Flight so all I need to do is capture that occasional Levy Flight and I'm way in profit.
We as humans crave certainty, and in trading we latch onto TA in the belief that it will for fulfil that craving. Use TA as a structure only as it's the trade management and where you exit that will give you profits over time. Where you enter the trade is the least important part of any trade...................