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You have phrased your comment very carefully and I agree, sometimes there might be some value in looking at simple trends, if only for the reason that other mar
by codethief 3y ago
You have phrased your comment very carefully and I agree, sometimes there might be some value in looking at simple trends, if only for the reason that other market participants do the same.
> But the core proposition of TA is that a scientific approach to analyzing past price movements will at least hint at the future, sometimes. Not all the time.
Will those "hints" be correct more than 50% of the time, though? I mean, if TA did beat coin flips, you could exploit this consistently with a profit. That, however, would be news to me.
- akdor1154 3y agoTFA nearly literally makes that comparison - they show that in their example scenario, they beat coin flips, but lose to buy-and-hold.