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@futuresanalysts I'm curious, which is the best percentage gain in a year and worst drawdown in your 29 years of trading ?
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@SGDeGalvez Every successful trader I know uses TA and fundamentals. You don't enter into a trade without checking the fundamentals first. Then you dial in your trade with TA. But you have to keep an eye on fundamentals, because they do change. They just change more slowly than TA.
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@bolognadetector listen to this vid again. you can hear oscar at the beginning give a full account of the eurozone follies to describe why the market is going up or down. then he breaks out the charts. First, a true Tecnician wouldnt even give news a second of his time, 2nd) if the news is what drives the market, why pay any attention to TA? So like it or not, Oscar supports my claim. In any event good luck to all in this manipulated black box computer market.
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@moneyXer i agree, as with any system. if you are quick to realize your trade idea is wrong, you get out. thats why i say, TA is no better than any system, including a dart board.
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@SGDeGalvez Oscar is a tool (no offense Oscar). You use advice from guys like Oscar like you would use a favorite screwdriver in your toolbox. It's just one of many tools you may, or may not, grab when you feel the need. In the end, you are responsible for setting up and making your own trades. TA is a tool. Rich traders and their systems DO key off of TA. If you do not keep a close eye on TA, one day you could be be blindsided. It's not a crystal ball. It's an insurance policy.
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@bolognadetector Three bad trades in a row doesn't mean shit. This time Oscar got EURO summited, but if he managed his risk right, no big deal. Some of the most profitable traders in the world are wrong more than right but with correct risk management, cutting loosers quickly and letting winners run, they are highly profitable. Check out Peter Brandt. TA is useful tool like fundamental analysis. Don't say it doesn't work because you don't what you are talking about.
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@bolognadetector i am not misinformed or wrong. TA is so wrought with indicators and Moving averages that there is ALWAYS a support, resistance, or bearish or bullish chart pattern. you do what oscar says and you will be bled to death with stop-outs and commissions. oscar is a good showman, just like the others, but in the end, he is telling you what i know, listen to his last words of the vid near the end.
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@moneyXer Ha-ha! Good one.
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@SGDeGalvez Yes. You are misinformed. The challenge is, it takes time to learn T/A. Then it takes more time to learn self control and discipline. For some people the learning curve can be 10 or 15 years before they start nailing trades.
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@pal22 no shit..news can come out of the blues ...stops are the key though
Wow Oscar. U r wrong AGAIN! Last three times I watched u were dead wrong. C'mon man....
JereSLS 2 months ago
@JereSLS We called for down in the morning and up for the afternoon.
It went down all night into the morning and up all afternoon.
I think that's not such bad prognosticating in this insane environment. Call me crazy!!
futuresanalysts 2 months ago
oscars good, but face the facts. technical analysis is no better than any other kind of analysis, IMHO. including fundamental, psychic dartboard and even cramer, they are all 50/50 when the are at thier best. IMHO.
SGDeGalvez 2 months ago
@SGDeGalvez
WOW are you miss informed!!!
futuresanalysts 2 months ago 3