Sir, I have asked follow up questions to my technical analysis, and you did not reply, so assuming that you may have missed my post, asking again with some more thoughts added.
Is it possible to look at pure technical analysis and trade? Even Mark Minernivi talks about earnings, is this because professional big traders cannot afford to take positions purely based on technical setups, so they incorporate fundamentals into their system, as their positions are big and their expected return is big?
Or the element of minimal knowledge about the businesses has to be a part of technical trading, despite the size of the capital or the knowledge of the trader?
From the very little experience I have with pure TA investing, it seems there is merit in following price and volume, and chart patterns. Although fundamentals are what drive the price up or down, is it possible to predict even to some degree that price can go up, the momentum will sustain? I have had some success with this, but I am not yet sure if I should take major credit for the wins or should attribute the credit to the market alone.
If it is possible to gauge the next moves to some degree, where can one start exactly? Is there a difference between learning technical analysis and use it for investing or some discretionary trading, and learning technical analysis to make an activity out of it? Does a different way of learning exist if one were to do trading based on technical analysis alone? Or it is the same, despite the purposes, the tools are the same, so learn about the tools, practice and it takes a form and shape, and get better, as time progresses?
I cannot possibly think of anything I cannot ask you, so want or perhaps need to hear your answer.
Thank you.
| Subscribe To Our Free Newsletter |
