Reres,
Having read more of your posts, I think maybe I'm understanding your take on technical analysis, and please correct me if I am wrong. I am wholeheartedly with you in the belief that TA as is most commonly interpreted by amateur retail traders is unlikely to hold any edge whatsoever. But, I don't think what the crowds on this forum call TA is actually TA....it is more likely "shape analysis". The arbitrary shapes made by candles, moving averages, MACD, Stochastics etc, is pretty meaningless. At least from all the evidence I have seen.
But just because amateurs don't really know what TA is, and inappropriately use the term to describe their shape analysis, doesn't mean real TA is useless or holds no edge.
I have explained my basic strategy, and where my edge comes from and why it works. I believe price is dictated by fundamentals 100% and TA plays no part in influencing where price goes next, and yet I pay no attention to the fundamentals whatsoever. I would consider myself a technical trader. I analysed genuine "patterns" (not shapes) in the markets and found a strategy to take advantage of those repeating patterns. From my understanding, that would be considered absolutely technical analysis, and my results suggest it works.
Correct me if I'm wrong, but it seems your issue with TA has more to do with how most people interpret it rather than if it can actually hold an edge when applied correctly.
Having read more of your posts, I think maybe I'm understanding your take on technical analysis, and please correct me if I am wrong. I am wholeheartedly with you in the belief that TA as is most commonly interpreted by amateur retail traders is unlikely to hold any edge whatsoever. But, I don't think what the crowds on this forum call TA is actually TA....it is more likely "shape analysis". The arbitrary shapes made by candles, moving averages, MACD, Stochastics etc, is pretty meaningless. At least from all the evidence I have seen.
But just because amateurs don't really know what TA is, and inappropriately use the term to describe their shape analysis, doesn't mean real TA is useless or holds no edge.
I have explained my basic strategy, and where my edge comes from and why it works. I believe price is dictated by fundamentals 100% and TA plays no part in influencing where price goes next, and yet I pay no attention to the fundamentals whatsoever. I would consider myself a technical trader. I analysed genuine "patterns" (not shapes) in the markets and found a strategy to take advantage of those repeating patterns. From my understanding, that would be considered absolutely technical analysis, and my results suggest it works.
Correct me if I'm wrong, but it seems your issue with TA has more to do with how most people interpret it rather than if it can actually hold an edge when applied correctly.