Can you trade purely on TA?
FA is where i started and slowly to come and approach TA and has been working quite well for me.
Is it possible to predict future from the ‘past/history’ ? , Well, it has been a debate and TA is not about predicting future from the past and TA is not a science as well.
In my defense, TA is probability theory based on price and volume movement. Some people, or most people purchase an equity based on their ‘mood/feeling’ or how fundamentally sound is the general and specific economy.
TA is about cutting your lost small and letting your profit to run.
-yes, you can still make money consistently although you are wrong most of the time.
-yes, you can still lose money consistently although you’re right most of the time.
With the current volatility in the market, the direction is unclear. I am still holding a view that this thing is just waiting to collapse. What will happen if I can get a job next year, I have no idea.
am I scared? Just like everyone, but whoever it is, the collapse may not be isolated.
Fed is still struggling to do ‘quick patch’ the economy, but they’re treating the ‘patient’ not healing. And at times like this, I am very very tempted to analyze the situation with FA.
I need to stay consistent with my analysis way… although the sector may be chosen with a little FA help
Stacey Derbinshire responded on 25 Sep 2008 at 3:30 am #
A friend of mine just emailed me one of your articles from a while back. I read that one a few more. Really enjoy your blog. Thanks