trader_10, my comment was of course tongue in cheek and I really enjoy your contributions - at many levels.
Speaking logically, I agree with you that 'charts do work'.
That is, they will work to the extent that they pick up trading behavior patterns not obvious to the naked eye, and those behavior patterns then repeat themselves. And given human nature, those patterns are likely to repeat, ad nauseum.
The limitation, I guess, is that the patterns will sometimes not repeat - as when a black swan event or a change in the FA occurs.
I see it a bit like driving with an opaque windshield. You can still work out where you are going by using the rear-view mirror. But only so long as there is no deviation in the road or no blockage.
Clearly, as you well understand, the best approach uses both TA and FA and macro-environment scanning for potential black swan events and/or unfavourable trends.
XPE Charts, page-4435
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