Technical Analysis Doesn't Work?

21 jul

One of my primary goals in doing public analysis is to prove that technical analysis works. There are still some traders out there who think it doesn't work, which blows my mind. They will say TA doesn't work during volatility or it's useless for predicting things like earnings results or other event outcomes. I don't understand how someone could think they have better odds of predicting economic outcomes at the right time than with TA. There are many studies that have been done on different chart patterns and a lot of them clearly work over 50% of the time, which is all you need. Some patterns have win rates of up to 70%, it's a fact.

Trying to guess fundamentals or what a stock should be priced at is pure speculation with no clue about how the market works or what is actually going on. Technical analysis has worked for over 100 years, it still works today and there are legitimate reasons why and how it works. It doesn't matter if there are algos or not, which is another common misconception. It still works, it has to work based on the fundamental way the market operates, period.

Here's a few examples of some of the best technical setups I have ever personally seen and traded. I have a million of them and plan to do more content on this topic, but here's a 15 minute version for now. If you don't think TA works, I would hope that you'd follow some of my ideas with an open mind and then decide what you think. I see TA work over and over again, every day. I know it works, it's not a subjective thing and I plan to prove it.