iCharts Discussions

[casper]

[rk_a2003]

You are right in your own way Ajay. I too feel the same way up to some extent.

This topic demands a separate thread and need to be discussed exhaustively. Will you do that please ....Open a separate thread and initiate the discussion by posting your views?

If not immediately ….by the week end at least.

Why not ST?! Some one who doesn’t believe in TA can still stay in the forum and share his views.

I don't see any thing wrong in that? Why should you say that this is the wrong place?!

I believe T.A is definitely not a fanatic religious belief. Which ban/punish the people who don’t believe it?

[casper]

[vinay28]

Casper, as I understood it, Ajay is talking about failure of TA in turbulent times and the need for everyone to look at the bigger picture. This is because everyone is following some TA and that method has a SL. Large players are always waiting at sidelines to gobble up that SL and the poor trader suffers.

But what worries me most is the response by ST since I have seen (and have also contributed to) threads that have nothing to with TA e.g. jokes, weekend musings, etc. If such threads are allowed, then why not an honest opinion by anyone, however contrarian it may be?

I guess I will stop posting any thing till the issue is clarified.

[casper]

[casper]

[aptcap]

As some one who believed and still does in fundamentals but is now starting to appreciate technicals too, I could not resist jumping in.

Lets not forget that both fundamental and technical analysis are tools and it is ultimately upto the user how to make the best use of them. Its an art.

Now regarding professional traders and their edge and deep pockets - may be true to an extent but again we have seen so many of so called professionals blow up - the most recent one being MF Global and before that the large trading loss at UBS. Some of the earlier examples of shoddy trading by pros being being Barings and Soc Gen. The blue blooded investment banks in US would not be around if the Fed had not bailed them out in 2008 and they had made some amazingly wild trading and highly levered trading bets. So much for professional traders. Some of the guys who made their name (and millions/billions) like John Paulson and some others like cornwall capital and dr. mike burry are not as well known as paulson but are some of the few who bet against the large professional trading firms with deep pockets. At the end of the day they are also human and make the same mistakes which individual traders/investors make.

by personal experience i would say that TA is an excellent tool and to repeat myself - its upto the individual how they make use of it.

To wrap up - one of the most famous and successful global macro investors/traders - Stanley Druckenmiller (who succeeded George Soros at Quantum Fund) used both fundamental and technical analysis. Remember the trade that broke the Bank of England and later the thai baht.

Anyways to each his own.

GN and look forward to what Dr. Subbarao brings forth tomorrow.

[singh.ravee]

rk,
message of st is quite clear and crisp. All of us lets not make it a chewing gum, which is distasteful after some time.

ajay,
everyday thousands of ppl die in hospitals. Does it mean one should stop seeking medical advice for ailments.

I agree nothing works 100% of time so is T.A. But u refering to success of T.A as zilch is not acceptable.

When u were writing this, I earned Rs1400.00 per lot of Hindalco using only and only T.A for an intraday trade. Point is if u fail to achieve something using T.A that does not mean everybody has failed.

Kindly post the chart supporting ur claims. May be someone can see entirely different picture on the same chart. Statements without charts are stories.

rgds

ravee

[rk_a2003]

[SwingTrader]

[casper]

[dracula]

[dracula]

[SwingTrader]

[SwingTrader]

psalm,

Sorry for messing up your thread. I am closing this thread, please start a new one.

Regards.