Should I trust technical signal?

[ally_porter]

He does indeed.

But I would contend that that’s really “investing”, not “trading” at all, as we’re using the term in this forum?

Trading surely implies buying and selling with at least [I]some[/I] kind of frequency, whereas Buffet’s policy is famously “buy and hold”.

[B]Support and resistance[/B].

It’s non-indicator-TA; it’s (in my opinion) one of the most significant issues in trading of which eventual understanding and familiarity predicate towards profit; it’s what all my own trading is based on to a greater or a lesser extent; it’s certainly “easy stuff”, as these things go.

(Good suggestion from Eddie, also, of course, in the post above this one.)

I have actually used support and resistance sometimes, normally with trend lines and moving averages. I probably should use them more

[ally_porter]

Technical analysis works because the charts give you all the data of supply/demand, panic/greed in a visual way.

Haha but it sure takes time to read the signal correctly. And a bit of luck for sure

[Dennis3450]

Indeed we tried to ‘nail’ this one on my thread, here:

301 Moved Permanently

That was a good read and something I have always questioned, Trader is not a term I like to use for my own trading, but I am a long way from the Buy and hold Buffett model, I have my long term retirement account where I might once a month move money from an underperformer to a better investment. Forex I am more active but no where near a day trader. Portfolio manager or risk manager might better describe what I do.

[Rambo35]

Should you trust to a technical signal depends on who is providing it. Should you trust to a technical analysis: yes. I believe that technical analysis is the most reliable way of trading.

[Pro_King]

This is one interesting and educative thread , Checking the 3 ducks system out as well. :23: :57:

[marginfx]

In forex nothing is final that signals, technical , fundamental or robot trading is profitable all the time . Depends on time and trader’s own skill of trading what thing brings good results to him .

[bearish]

Should you trust to a technical signal depends on who is providing it. Should you trust to a technical analysis: yes. I believe that technical analysis is the most reliable way of trading.

Maybe will different opinion for trader that prefer based ion fundamental anlaysis, might they will said if fundamental analysis will better than technical analysis, but I think both is not always perfect as analysis approach, risk strill there although we already making technial analysis but as long as still have more winning trades it already called as good result

[Dennis3450]

Here is a Technical signal, Pin bar reversal at top of a uptrend. This is an technical signal that I would have a very high level of trust and would never trade against it.

[forexcrisp]

We have to look at the whole story rather just one page of a story to understand it completely. Similarly in technical analysis we have to see the whole scenario rather just one candle stick. By properly checking the overall scenario we can trust the technical analysis.

[bearish]

We have to look at the whole story rather just one page of a story to understand it completely. Similarly in technical analysis we have to see the whole scenario rather just one candle stick. By properly checking the overall scenario we can trust the technical analysis.

Technical analysis still become important part to analyze the trend market, as trader usually still prefer use technical analysis than fundamental analysis because more simple to learrning and directly faced wirth the chart to analyze the trend market

[bearish]

We have to look at the whole story rather just one page of a story to understand it completely. Similarly in technical analysis we have to see the whole scenario rather just one candle stick. By properly checking the overall scenario we can trust the technical analysis.

Technical analysis still become important part to analyze the trend market, as trader usually still prefer use technical analysis than fundamental analysis because more simple to learrning and directly faced wirth the chart to analyze the trend market

[eddieb]

Thank you guys for answering my question! I have only started trading for like 2 months and only use indicators and oscillators to detect signal trend ever since (indeed I kind of associating technical analysis with those indicators, like Lexys said). Can you suggest some other TA that I can use? (easy stuffs first please cause I’m still at preschool level

I use the 3 ducks system as my basis. Really simple, one indicator in 3 time frames. Look up the thread and read the 1st few pages, then download the free pdf