I ask RB to stop posting useless information....see how absurd you assertions are...you can find anything on the net to back up any claim.
I don't discount your charts I have stated they are useful so people want to hear my opinion, the fact that you don't is irrelevant.
https://seekingalpha.com/article/4128813-why-technical-analysis-is-uselessSummaryPure technical trading strategy is fruitless.
Competing against HFTs with lightning connection speed is a horrible idea.
Just one of many tools you should be using while executing your core strategy.
This is why technical analysis is utterly useless as an investment strategy. How many hedge funds use a pure technical strategy on a standalone basis?
Absolutely none, as it doesn’t make any money.
At best, it is just one of 100 tools you need to trade the market effectively. The shorter the time frame, the more accurate it becomes.
On an intraday basis, technical analysis is actually quite useful. But I doubt few of you engage in this hopeless persuasion.
Leave it for the kids.
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