Moving averages are absolute bullshit, don't upvote yourself here and make people lose money, thank you.
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Moving averages are absolute bullshit, don't upvote yourself here and make people lose money, thank you.
@bubke I agree, these people are basically drawing a bunch of curves on graphs and claiming to be professional economists.
Would be interesting to hear why you think that, since you seem to have such a strong opinion about it?
I get more positive feedback than negative, so no, I'm not gonna hold back on providing value and starting discussions.
Just drop your moving averages, good start. I am not saying your intentions are bad, i am just saying MA's are worthless, i did 20 years research on TA, don't get lost in MA's, signal comes way too late as well... with love
Ok, I mostly focus on EW with chart patterns and I think that MA has been a good compliment to make predictions.
With your 20 years of experience, what are your biggest keys to success in TA?
Wish i had time to write on this, i made one post long time ago about the research i did but every study of an indicator comes with so many parameters you can play with, quite some explanation needed. Some signals had a +80% accuracy, head- and shoulders was one of them (the top formation, not the bottom one), triple point- and figure breakouts were doing very good (old stuff, compare with support lines that get tested a few times). That's it bro except for the fact that moving averages were the worst :-)