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U SAY: "predicting the market price movements is not what analysis is about" BUT U say "we are predicting the best probability of market movements" ! What kind of circular talk is this?
Market movements already printed on the chart are facts. Market movements not already printed on the chart are probabilities that soon will become fact. It is all technicians job to analyze the existing facts to determine probability of what the next facts are going to be, and trade it according to the most likely probability, in the safest fashion possible.
Many traders simply give up or never start on the very long journey of analyzing facts to predict and act upon what they beleive comes next. They simply chase the next market move with a breakout strategy under the idea that it is either gonna go up, down, or sideways. If the market immediately moves against the entry, they get out. If the market immediately moves with the entry, they get out. And most do this with a risk/reward of 1/1 or less. Needless to say, the journey lasts about 6 months.
Day trading is a game of speculation, and it is speculating on how the market moves next. Predicting future market movements is precisely what tech analysis is all about. Developing trade strategies to obtain a net positive result from these calculations of probabilities is a big part of the game.
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