Truth of Technical Analysis

#1
Hi frnd this is Harshit , I ve got little bit knowledge abt Technical analysis- but still lot of confusions. Plzz frnds don mind actually i want to know the truth of technical analysis. I ve read several articles in google abt Technicals-- what i found is- Some says Technical analysis well works in books only but not in practical ground. Some says its Artificial intellegence. Some says its Voodo. Some says to become a technical analyst is different thing and to earn through this market is different thing. Some says besides technical analysis one must have its own trading style to become successful trader. It is also true that some says that it really works. NOW SENIORS PLZZ HELP ME OUT. Thnx - With Regards - Harshit
 

linkon7

Well-Known Member
#2
Technical analysis lays the foundation based on which we make an assumption and when the assumption is proven wrong..we get out... when proven right... we try to build on it...!

But ultimately, for majority of people, its an art of loosing money with great confidence...!
 
#4
Then finally what to follow ,to become successul intra day trader .. thnx
If you want to be a successful intra- day trader, follow price action ,technical analysis,volumes, orderflow and be a good reader of the psychology of market participants.

Smart_trade
 

darshanshukla

Well-Known Member
#6
If you want to be a successful intra- day trader, follow price action ,technical analysis,volumes, orderflow and be a good reader of the psychology of market participants.

Smart_trade
:clap:

The great trader gives great and Ideal answer like this.....
It shows maturity of a Moderator.............:thumb:
any upcoming or new day trader read this two lines every day and he can become a very good day trader (not FORCED INVESTOR)
Happy trading ahead in new year,
Happy Diwali and Happy New year.
Dr. Darshan
 
#8
Senior can u plzz tell me that which is the best method for intraday trading in traderji.com - thnx
Harshit,

There are many methods in day-trading sections...go through them but in my view no single system or method will make you a successful daytrader. You have to pick up trading ideas from various threads and make a system with which you are comfortable. The sign that the method is compatible to your mindset is that you will like that system and will have fun trading it .....it is a long and tough process....one does not become a successful daytrader in 1 month.....it takes time and the trader has to evolve over a period of time.....

So be patient and keep learning .......and if you have the passion for trading you will definately succeed.....

Best wishes,

Smart_trade
 
#9
I dont know much about technical analysis but follow gann or fibanocci or elliot any one or combination which suits best for intraday do some research take years of data in a range bound,bullish and bearish make sure ur self and do some paper trading then go with mini nifty then nifty and bank nifty other stocks these are all one by one u follow and u make ur own rules of trading. I can assure u can become a succesful trader.but learn with patience it must reward u
happy learning
srini