Technical analysis doesn't work?

[ElenGol]

I started to learn technical analysis and bumped into few articles on how it is tricky and actually doesn't really work.
I'd like to hear opinion on that statement from experienced traders.

 

[CougarTrader]

Technical analysis doesn't work?

yes and no at the same time... like two side of same question... this does confuse us... isn't it?

any occurance that proves to you statistically, which has >70% probability of happening 3 out of 4 times.... it is worth taking such a bet many many times... lose less, make more... that's it...

technical or fundamental or any analysis, does not matter... it's your mind that will make it happen or make it not...

 

[rananjay00007]

Only technical Analysis Alone is not sufficient, there are many more factors and mainly dealing with emotions and psychology will help you . Trading is an Art not a complicated science .

Sent from my RMX1941 using Tapatalk

 

[newtrader101]

It has a probability of success.

 

[Bro]

Technical analysis will not work unless you understand the demand and supply area. Just support and resistance alone won't work... As they are meant to break.
Demand and supply on other hand , stays the same for each Time Frame

 

[Yodha]

One of the major reasons (and there are several reasons) for failure is the location at which a pattern appears. The reliability of a pattern is heavily influenced by where it is forming. For example, the reliability of a head and shoulders pattern or a bullish engulfing pattern depends on where the pattern is forming. If it is forming at the beginning or end of a trend, or after a significant move in either direction, the reliability of the pattern may be affected.

Therefore, the location of a pattern is a critical factor that technical analysts should consider when evaluating securities. The location can help determine the reliability of the pattern and provide valuable insights into potential market trends.

 

[mohan.sic]

Technical analysis will not work unless you understand the demand and supply area. Just support and resistance alone won't work... As they are meant to break.
Demand and supply on other hand , stays the same for each Time Frame

How to read demand and supply ?