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Trying to trade purely off technical analysis is a disaster waiting to happen. Have a look at the technical analysis of ETH/USD, for instance, they have absolut

by joshvm 9y ago

Trying to trade purely off technical analysis is a disaster waiting to happen. Have a look at the technical analysis of ETH/USD, for instance, they have absolutely no clue what's going on: https://www.ethnews.com/analysis/10-30-2017-ethereum-forecast-ethusd-facing-key-resistance https://www.ethnews.com/analysis/10-30-2017-ethereum-forecas... As to the linked article, the idea of SMA crossovers is nothing special: https://www.babypips.com/learn/forex/moving-average-crossover-trading https://www.babypips.com/learn/forex/moving-average-crossove... Take a look at their example. Say you sold at the peak, great. Then the currency drops and you buy at the bottom, great. But then the SMA crosses again and you sell - oops, look where the graph is going. You can't predict this stuff with technical indicators.

AznHisoka 9y ago
My opinion is that technical indicators can work well... when it's clearly a bull market (but then, so can every other strategy). They absolutely suck and can't predict when it's clearly going to crash. Which make technical indicators pretty much useless because you can easily lose all your gains when that happens.
meesterdude 9y ago
> Trying to trade purely off technical analysis is a disaster waiting to happen. Watching purely a leading indicator can get you in trouble with false positives; while a lagging one means missing some of the trend. Yes, you can take it too far, use too many indicators, or look for trends in ranging markets and other mistakes.
albertgoeswoof 9y ago
That ethnews article is bizarre