Does Technical Analysis Really Work? - page 2.

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Quote from: Yamifoud on March 01, 2024, 08:04:18 AM

Quote from: bayu7adi on February 29, 2024, 07:09:38 AM

Eumm.. it doesn't seem to work for most coins, especially coins with low liquidity. Even for Bitcoin, it is only suitable for long-term analysis, because until now I believe more in market manipulation than in technical analysis. It's a little crueler, but it's true, no matter how clever we are at drawing charts, believe me it won't guarantee good accuracy in the short term.

In bullish and bearish moments such as high candlesticks in one day, it is really not in control of the picture on the chart. But more often it is present because something special is happening at that time.

TA is not made for perfection but just still a sort of market speculation but with some basis which is much better than speculating based on rumors. At least, having price charts helps us understand the situation. Whether it is for Bitcoin or altcoins, TA is very important in trading. We just imagine why this trading tool exists which obviously means that successful traders just tried to share their way of trading. If they see how it works, I don't think we just ignore it and never use it, especially for newbies.

Sometimes they caught up with ideas that there are people so good with doing TA and they can earn 100% on each of there trade. And usually they fall into those scams especially if these people pretend to be an expert ask some investment and promise that they can also earn just riding with their trades. People need to know that market is unpredictable so however good you are doing those TA there is still mo guaranteed profit for anyone. Although its good that we know how to do that since we have good basis to use or for see what is the next possible movement could possibly happen on bitcoin or other coin they are trading. To bad if they ignore it since they can learn a lot from this especially if they want to engage on daily trades.

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Quote from: bayu7adi on February 29, 2024, 07:09:38 AM

Eumm.. it doesn't seem to work for most coins, especially coins with low liquidity. Even for Bitcoin, it is only suitable for long-term analysis, because until now I believe more in market manipulation than in technical analysis. It's a little crueler, but it's true, no matter how clever we are at drawing charts, believe me it won't guarantee good accuracy in the short term.

In bullish and bearish moments such as high candlesticks in one day, it is really not in control of the picture on the chart. But more often it is present because something special is happening at that time.

TA is not made for perfection but just still a sort of market speculation but with some basis which is much better than speculating based on rumors. At least, having price charts helps us understand the situation. Whether it is for Bitcoin or altcoins, TA is very important in trading. We just imagine why this trading tool exists which obviously means that successful traders just tried to share their way of trading. If they see how it works, I don't think we just ignore it and never use it, especially for newbies.

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Quote from: bayu7adi on February 29, 2024, 07:09:38 AM

Eumm.. it doesn't seem to work for most coins, especially coins with low liquidity. Even for Bitcoin, it is only suitable for long-term analysis, because until now I believe more in market manipulation than in technical analysis. It's a little crueler, but it's true, no matter how clever we are at drawing charts, believe me it won't guarantee good accuracy in the short term.

In bullish and bearish moments such as high candlesticks in one day, it is really not in control of the picture on the chart. But more often it is present because something special is happening at that time.

Various factors will affect the cryptocurrency market, together with some market manipulations that are still high and inevitable. With that, I also believe having technical analysis skills is not enough, as you can still lose a lot when when you trade in such unpredictable market.

However, if you have high risk management and patience from these market manipulations, you will overcome all of these manipulations. Then add to it your skills and proven working strategies, I guess trading in the market will still be more in profits more than losses.

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Quote from: Bushdark on February 29, 2024, 02:56:34 PM

Quote from: Tigerheart3026 on February 29, 2024, 12:19:09 AM

Quote from: Natsuu on February 24, 2024, 07:25:32 AM

Trading isn't just about charts and numbers, it's a mental game too. Sure technical analysis matters but your mindset is equally crucial. Handling wins and losses, staying disciplined and understanding market vibes are key. It's more than just knowing when to buy or sell because it's about keeping your cool when things get wild. Getting expert advice on the psychology of trading could be a game-changer, helping you ride the ups and downs with more confidence and savvy decision-making

right, i agree with you. mindset and technical analysis both of similarly important to start crypto,forex or other any trading. because many traders can not control their emotion then they made mistake and got big losses, technical analysis will help to about right time to entry and sell with profit.

There are traders that have been making using of the technical analysis and I've been making money from it without stress.
We need to learn technical analysis so we can always study the market and know what theme market could do in the next moments.
Technical analyse helps us to understand market structure and stay safe without much pressure because we can read and study the market to know what could happen in the next minutes.

Completely Agree, technical analysis is a cornerstone for alot of successful traders, helping them to decipher market trends and make informed decisions with confidence. By understanding and applying technical analysis, you can interpret market structures, forecast potential movements, and navigate the complexities of the market with a clearer perspective. Mastering technical analysis can lead to more strategic trading, minimizing stress and enhancing the potential for profitable outcomes. However, I do agree with op, it's also critical to acknowledge that trading goes beyond just chart analysis; the psychological dimension plays an important role as well.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

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Quote from: Monarch B on February 20, 2024, 01:16:43 AM

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.

But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

Yes, technical analysis does work, serving as a great tool for traders to forecast future market movements based on past patterns and trends. However, I also do think that it's equally important to recognize that trading isn't just about the charts; the psychological aspect plays a crucial role as well. Understanding both market psychology and your own emotional responses to wins and losses can significantly impact trading decisions. These two elements — technical analysis and psychological mindset — work hand in hand, each reinforcing the other to create a more comprehensive approach to trading. Developing skills in both areas can lead to more informed decisions and potentially improved trading outcomes.

If you would like to discuss this further, you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

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Quote from: Tigerheart3026 on February 29, 2024, 12:19:09 AM

Quote from: Natsuu on February 24, 2024, 07:25:32 AM

Trading isn't just about charts and numbers, it's a mental game too. Sure technical analysis matters but your mindset is equally crucial. Handling wins and losses, staying disciplined and understanding market vibes are key. It's more than just knowing when to buy or sell because it's about keeping your cool when things get wild. Getting expert advice on the psychology of trading could be a game-changer, helping you ride the ups and downs with more confidence and savvy decision-making

right, i agree with you. mindset and technical analysis both of similarly important to start crypto,forex or other any trading. because many traders can not control their emotion then they made mistake and got big losses, technical analysis will help to about right time to entry and sell with profit.

There are traders that have been making using of the technical analysis and I've been making money from it without stress.
We need to learn technical analysis so we can always study the market and know what theme market could do in the next moments.
Technical analyse helps us to understand market structure and stay safe without much pressure because we can read and study the market to know what could happen in the next minutes.

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Quote from: Monarch B on February 20, 2024, 01:16:43 AM

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.

But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

Technical analysis work most of the time, bull run times to be precise but they don't effectively during bear market. You might have been practicing everything accordingly but from the way you describe your practice period interval, it might be between the time market was dipping, you should put your TA into learning now that that market is excited for Bitcoin Halving, you will understand better and your experience will also change.

Those who even enjoy trading are the traders that try to make something during bear market which you did, you're going to have a new experiment and the most memorable one if you explore this green charts but please remember to employ risk management.

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Both psychological knowledge and technical analysis are very important in trading.To be a successful trader one must do both psychological analysis and technical analysis.without technical analysis you cannot gain knowledge about trading rules and how to trade.Again without psychological control it will not be possible to set your psychological issues.But I would say that technical analysis is more important in trading.Psychological control is also required but it is slightly less important than technical analysis.Trading requires a lot of patience and good judgement.

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Quote from: benalexis12 on February 29, 2024, 10:36:59 AM

Quote from: God bless u on February 29, 2024, 05:41:24 AM

That's why trading is not likely to be done by everyone. There is very less chance for someone to get success in trading because it requires a lot of patience and money to be expert in this field.The big players are already controlling the market somehow and we have to invest according to their interest but who knows?

It's not possible to read someone's mind. Yes we can predict their interest and where they'll invest but it's not more than just a prediction.Technical research is somehow related to psychological research because they also want to have profits on their investments so they'll probably choose the better options.The only solution to this is invest in safer coins like BTC,ETH e.t.c and then hodl

I think in some other way technical analysis is still helpful to traders who do trading activity every day. Because this is what I do when I do day trade sometimes when I'm not too busy with what I'm doing.

But I also don't deny that in all cases my analysis is correct, actually most of the time it's even wrong, that's why I always train myself in this matter to be honest. Because in the first place I thought its easy to do it but I was wrong about it honestly speaking.

Not "still" helpful but rather it is really that indeed helpful. You cant just step into this market without making use of this technicals because if you do really just based up on news then this market doesnt really have always the news that you could look into or you could really make use on because if you are just basing on that then you wont really be finding yourself into this market to be that effective or something that you could really be able to sustain. You would really be needing to learn up different variations or ways or methods as long it would really be something that relevant on dealing up with the market then you would really be needing to do it.

Just like the rest been saying that there's no such thing about assurance on using up technicals on which it doesnt guarantee success but at least you do know that you have make use of something
which is relevant rather than on making some entries without having any basis or analysis on which it is really just that making you that doing gambling in pure random mode
or simply you are just doing gambling because you dont have any basis and its not something recommended.

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Quote from: God bless u on February 29, 2024, 05:41:24 AM

That's why trading is not likely to be done by everyone. There is very less chance for someone to get success in trading because it requires a lot of patience and money to be expert in this field.The big players are already controlling the market somehow and we have to invest according to their interest but who knows?

It's not possible to read someone's mind. Yes we can predict their interest and where they'll invest but it's not more than just a prediction.Technical research is somehow related to psychological research because they also want to have profits on their investments so they'll probably choose the better options.The only solution to this is invest in safer coins like BTC,ETH e.t.c and then hodl

I think in some other way technical analysis is still helpful to traders who do trading activity every day. Because this is what I do when I do day trade sometimes when I'm not too busy with what I'm doing.

But I also don't deny that in all cases my analysis is correct, actually most of the time it's even wrong, that's why I always train myself in this matter to be honest. Because in the first place I thought its easy to do it but I was wrong about it honestly speaking.

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Quote from: cabron on February 20, 2024, 01:44:00 AM

In a bull market, I think the TA may not work at some point, it follows certain behavior as the market reacts to the sentiments but TA does work in most cases when the market goes sideways or even in the bear market.

The only psychological in trading is controlling the trader's greed which is why most advice says don't be too emotional about it. Sometimes when a trader can't wait for the right price and just keeps buying and not knowing why, he'll end up losing.

Actually the working of a TA could actually be relative and this could have some kind of dependence on your strategy, there are strategy that helps you get to see more opportunities in the bull market much more than you would in the bear market but if you think you would always see opportunities with your TA then you are still gambling and not trading yet. The application of T A can actually work in both the bull and bear market depending on the trend and the opportunity you are looking out for based on your confluence of entries and your strategy to trade a particular trend or market.

Traders greed has got a whole lot to do with their psychology, if they could actually keep their psychology in check, they are very likely to be able to still trade profitably and cut down on their greed as greed at some point cannot be totally eliminated even amongst professional traders but discipline and proper trading psychology helps save the day.

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Eumm.. it doesn't seem to work for most coins, especially coins with low liquidity. Even for Bitcoin, it is only suitable for long-term analysis, because until now I believe more in market manipulation than in technical analysis. It's a little crueler, but it's true, no matter how clever we are at drawing charts, believe me it won't guarantee good accuracy in the short term.

In bullish and bearish moments such as high candlesticks in one day, it is really not in control of the picture on the chart. But more often it is present because something special is happening at that time.

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Quote from: Monarch B on February 20, 2024, 01:16:43 AM

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose.

Retail trading is a whole different ball game especially that most traders want to be overnight millionaires, and btw there is a whole lot of stuff that goes on to be a profitable trader!
Are you trading with money you can afford to lose?? There is a saying " if you can't buy it twice then you can't afford it" and I believe in this saying because if you are trading and you are always thinking about where you will need to get your next funds to fund your account then it will negatively affect your psychological...so to be profitable it's actually 1% Skill and 99% Patience.. reason for this is that people have the skill but what fails them mostly is the FOMO---lack of patience!!! If traders can work on their patience, I believe everything will be okay.

Quote from: Monarch B on February 20, 2024, 01:16:43 AM

I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

For a change of mindset, practice more to have more confidence in your strategy and know how to manage your trades.

God bless u

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That's why trading is not likely to be done by everyone. There is very less chance for someone to get success in trading because it requires a lot of patience and money to be expert in this field.The big players are already controlling the market somehow and we have to invest according to their interest but who knows?

It's not possible to read someone's mind. Yes we can predict their interest and where they'll invest but it's not more than just a prediction.Technical research is somehow related to psychological research because they also want to have profits on their investments so they'll probably choose the better options.The only solution to this is invest in safer coins like BTC,ETH e.t.c and then hodl

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Quote from: Natsuu on February 24, 2024, 07:25:32 AM

Trading isn't just about charts and numbers, it's a mental game too. Sure technical analysis matters but your mindset is equally crucial. Handling wins and losses, staying disciplined and understanding market vibes are key. It's more than just knowing when to buy or sell because it's about keeping your cool when things get wild. Getting expert advice on the psychology of trading could be a game-changer, helping you ride the ups and downs with more confidence and savvy decision-making

right, i agree with you. mindset and technical analysis both of similarly important to start crypto,forex or other any trading. because many traders can not control their emotion then they made mistake and got big losses, technical analysis will help to about right time to entry and sell with profit.

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Quote from: Luizwalter Crypt on February 28, 2024, 09:11:36 AM

Technical analysis is important and it works though that's not all, maybe you should be getting intouch with news from the crypto market after which you back it up with your analysis and you trade.

And when you analyze stick to your plan no matter what. Study the best areas to place your stop and tp very important.for me I do increase my stop lose a little and reduce my profit margin because I discovered most of my trade hit sl and play out perfectly afterwards while some trades to my tp region and bounces back. So discover what works perfectly for you and try doing it exactly all the time it might help.

That bold part is so important, most people do technical analysis but they do not end up sticking with it, they see what they should do and they realize what would be better for them and yet after a while they end up with something wrong, which they shouldn't really be doing. I personally believe that we could make a lot more money if we were a bit more robotic or bots are just a bit more human.

A combination of both is a lot better, bots do not see the news and calculate that unfortunately, it just looks at the chart but chart and rumours go hand in hand together, we see the rumours AND the charts but we fail at sticking to it in the end. This is why we end up making a loss just because we didn't stick with it.

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Quote from: Monarch B on February 20, 2024, 03:01:56 AM

Quote from: cabron on February 20, 2024, 01:44:00 AM

In a bull market, I think the TA may not work at some point, it follows certain behavior as the market reacts to the sentiments but TA does work in most cases when the market goes sideways or even in the bear market.

The only psychological in trading is controlling the trader's greed which is why most advice says don't be too emotional about it. Sometimes when a trader can't wait for the right price and just keeps buying and not knowing why, he'll end up losing.

TA means: Technical Analysis.

Yes I will keep your words in mind that greed must always be controlled I am like this.

Think I've taken a trad and that trade is profitable but at that point I'll be craving more to make a little more profit. Just after a while it will be seen that my profit amount is decreasing little by little. Grin

Again when there is no trade maybe or going towards loss my stop loss is close to what is given then fear works in the mind which comes out little by little. Maybe I got out and then the market started to go up again. That kind of risk works in my mind. Undecided

Maybe that's why I haven't been able to set my mind till now. Thanks for your feedback. Cheesy

Technical analysis is important and it works though that's not all, maybe you should be getting intouch with news from the crypto market after which you back it up with your analysis and you trade.

And when you analyze stick to your plan no matter what. Study the best areas to place your stop and tp very important.for me I do increase my stop lose a little and reduce my profit margin because I discovered most of my trade hit sl and play out perfectly afterwards while some trades to my tp region and bounces back. So discover what works perfectly for you and try doing it exactly all the time it might help.

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Technical Analysis has its purpose but for some reason, it was a failure for some traders because of the wrong basis of analysis. It was not just price charts but also we consider their news and market events as they are also influential on the market trend. Of course, there is no such thing as perfection but at least doing this right will give us a chance to earn rather than trade with no basis.

Of course, it never works for all traders because not all are using the same trading pairs and not all are doing this at the same time. It is exactly to ask why some make a profit while some have a loss, it is because not all have the same idea and strategies, and it varies on their actions and decisions.

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Of course you need to have a long term plan when investing in Bitcoin. It doesn't matter how much money you invest but you should always try to invest for the long term. Of course, you need to acquire enough knowledge about investment before investing. If you don't have enough knowledge about investment, then you will not be able to properly analyze the market, in which case you will not be so successful in investing, and there will be a possibility of loss. But if you want to invest in bitcoins you should always have a long term plan, be patient and check the market and invest for a long term if you can invest like this then you can definitely succeed in investing.

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Quote from: KingsDen on February 27, 2024, 03:36:32 AM

Quote from: Monarch B on February 20, 2024, 01:16:43 AM

Re: Does Technical Analysis Really Work?

Straight way answer to your question is Yes. It does work but it doesn't work 100% independently. There's still need for fundamental analysis and sentiment analysis to win against the market.

Quote from: Monarch B on February 20, 2024, 01:16:43 AM

I am seeking the opinion of the experienced and voicing my opinion.

I think if a training is 100% for learning, 1% of it is technical analysis and the rest 99% is psychological games..Because I have been learning and trading technical analysis for a long time but mostly I lose. I am still learning after that. I've noticed lately that big investors can handle trading as they please. Because they have a lot of funds, if they take a small amount, they take big trades and destroy it. In which case technical analysis is not enough. And I think psychological analysis plays a big role along with technical analysis.

But I don't have any psychological knowledge about trading. Looking for expert opinion on psychological mind set.

Do they actually learn psychology of trading? I think that comes naturally when you begin to have experience in trading. Psychological behaviour comes with accumulated experience and not necessarily learnt in trading.

Great answer. So now I'm just focus on my Goal.

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