Post
Topic
Board Trading Discussion
Re: questions about technical analysis
by
exstasie
on 01/09/2019, 23:21:40 UTC
in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis

Markets are unpredictable, so no, TA doesn't work every time. It's more about probability. A good trader will back-test a pattern or candlestick setup extensively to determine its likelihood of success, and to gauge the risk/reward of a trade.

We're trying to win 6 or 7 trades out of 10. 10 out of 10 is impossible.