Reading Assignment: Reading Assignment: Does Technical Analysis Work?

TA & Algo Trading Course
#181

  1. A look into history of an instrument to deduce the possible direction of a market.

  2. price patterns

  3. technical analysis is for studying the past movements in order to get to know your product and the way traders use the market. Through that and various other tools that suit your personal trading preferences, can make a better guess at price trajectory. youre gonna win, youre gonna lose, but knowledge can change the percentages.

#182

I have not know Cred before this article. After reading it, I find his article very interesting and educating. I have since followed his twitter and telegram and also his weekly YouTube video.

Thank you Ivan On Tech Academy for introducing me to @CryptoCred.

  1. How does the writer define technical analysis?
    @CryptoCred define Technical Analysis as a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trade setups on an instrument.

  2. What are technical analysts looking to identify in the market?
    They are looking for better odds and for their setups to render them profitable over enough trades.

  3. How would you summarize the authors argument that technical analysis works?
    In the author’s argument, for technical analysis to work, it has to fulfill its work, which in this article will be to generate risk-defined trade setups. It doesn’t have to predict the future, nor must it outperform better-equipped professionals. As long as it helps traders identify and trade asymmetric risk:reward trade setups, then it works.

#183

  1. How does the writer define technical analysis?
    Technical analysis is more so of a probabilistic approach to trading that delivers actionable results.

  2. What are technical analysts looking to identify in the market?
    The ability to create an asymmetric risk:reward scenario through finding trade strategies that have good probabilistic outcomes, while building on a unique strategy.

  3. Technical analysis works when you incorporate a mix between fundamental and technical analysis to come to a conclusion.

#184

  1. Technical analysis is the practice of analysing the price history of an instrument in order to make actionable, risk-defined forecasts of its future price.

  2. Derive probabilistic, actionable, and risk-defined trading setups on an instrument.

  3. TA does not predict the future, but patterns from the past can help to assign probabilities to future movements. It does not have to outperform professionals and can be used in combination with fundamental analysis. Discipline and systematic increases the likely hood that TA works.

#185
  1. How does the writer define technical analysis?

is a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trading setups on an instrument

  1. What are technical analysts looking to identify in the market?

it’s about whether it can help a trader carve out an edge and a positive expectancy in the market(s) they trade

  1. How would you summarize the authors argument that technical analysis works?

can technical analysis generate risk-defined trade setups? Yes
I’d like to conclude thus: technical analysis ‘works’ because the requirements it has to meet for that to be true are not unreasonably high. It doesn’t have to predict the future, nor must it outperform better-equipped professionals. As long as it helps traders identify and trade asymmetric risk:reward trade setups, then it works.

The conclusion from the writer is that as long as a risk can be reduced in any trade by performing technical analysis resulting in a gain over your competition, gaining a reward in a trade means it is working. :slight_smile:

#186

  1. How does the writer define technical analysis?
    technical analysis is the practice of analysing the price history of an instrument in order to make actionable, risk-defined forecasts of its future price

  2. What are technical analysts looking to identify in the market?
    They are looking at a way to see what the chart will probably do in the future. Given it’s past history. So they can manage risk.

  3. How would you summarize the authors argument that technical analysis works?
    TA works because the requirements that it needs to meet are not that high. It is a risk management tool and can only tell you probabilities. Also, all professional traders use TA even bots.

#187
  1. Technical analysis is defined (by the writer) a risk management tool that uses probabilistic methods to identify risk, and create actionable predictions based on historical data.
  2. TAs look for ways that lead to the fulfillment of their goals, which can vary between traders. One has to focus on their trading and profitability by retrieving good data, and defining a plan that amounts to an asymmetric output of reward over risk.
  3. Technical analysis “works” is it meets your own subjective goals of profitability. You cannot expect to compete with professional traders, as they have better resources, but there are ways to mitigate risk, and maximize rewards trading privately.
#188

TA is the practice of analysing the price history of an instrument in order to make actionable, risk-defined forecasts of its future price.

TA is looking to identify and execute a trade setup offering asymmetric Risk:Reward.

As long as TA helps traders identify and trade asymmetric risk:reward trade setups, then it works.

#189

Does Technical Analysis Work?

  1. How does the writer define technical analysis?

technical analysis is a probabilistic risk management tool that can (generate new trade ideas) and convert price forecasts into actionable trades

2.What are technical analysts looking to identify in the market?

It doesn’t have to predict the future but can be used to detect a on going trend, nor must it outperform better-equipped professionals. As long as it helps traders identify and trade asymmetric risk:reward trade setups.

3.How would you summarize the authors argument that technical analysis works?

So long as the reward is greater than the risk taken then TA is considered to
have worked

#190

  1. Technical analysis is a probabilistic management tool. And can be used to help identify a good trading strategy.

  2. They are looking to forecast the future price

  3. If technical analysis is utilised correctly with the right amount of discipline. It can be a very useful tool supplement your fundamental analysis to give you an edge on your trading strategy.

#191

1. How does the writer define technical analysis?

Technical analysis is the practice of analysing the price history of an instrument in order to make actionable, risk-defined forecasts of its future price.

2. What are technical analysts looking to identify in the market?

Price history of an instrument.

Probabilistic, actionable, and risk-defined trading setups on an instrument.

3. How would you summarize the authors argument that technical analysis works?

As long as it helps traders identify and trade asymmetric risk:reward trade setups, then it works.

#192

  1. A risk management tool that is probabilistic in nature. Data is used to make trades based on forecasts. It is not simply knowing what the future price may be.

  2. Technical Analists look for ways that to reach their goals, which can vary between traders. One has to focus on their trading and profitability by retrieving good data, and defining a plan that amounts to an asymmetric output of reward over risk.

  3. Technical analysis is not about knowing and deducing the future price of an instrument. And also not to outperform professional desks and firms. But about whether it can help a trader carve out an edge and a positive expectancy in the market(s) they trade.

#193

  1. How does the writer define technical analysis?
    It’s the practice of employing techniques such as risk analysis and back testing to create a trading strategy that is probablistic, risk defined and actionable

  2. What are technical analysts looking to identify in the market?
    Looking for the best set ups which provide the best outcomes.

  3. How would you summarize the authors argument that technical analysis works?
    Avoid the debate over whether it has the ability to fortell the future. If the definition of works is just that it identify set ups that provide assymetric risk: reward

#194
  1. How does the writer define technical analysis?

He defines it as practice of analyzing the price history of an instrument
in order to make actionable, risk-defined forecasts of its future price.

  1. What are technical analysts looking to identify in the market?

They are looking for patterns that indicate probabilistically where the
price is going.

  1. How would you summarize the authors argument that technical analysis works?

As long as technical analysis helps traders to identify trading setups,
that have asymmetric risk:reward ratios, then it works.

#195

The author of this article defines technical analysis very specifically as the practice of analyzing price history as a probabilistic risk management tool used to create profitable trade setups, and convert those into actionable trading strategies that have a statistical advantage when utilized as a part of trading strategy utilizing targets with realistic goals .
The trader is attempting to identify certain patterns that recur in the history of the asset or instruments price action that can give a statistical advantage in predicting future price action
I asserting that TA, in fact, does indeed work, he points to the fact that it is widely used and has proven successful by thousands of professional traders. By utilizing an assymetric risk reward strategy under a set of rules and various set up patterns along with disciple and patience , he contends that TA is very effective. This effectiveness can be augmented by Fundamental Analysis for an even more unfair advantage in the ecosystem.
.

#196

  1. Technical analysis is a historical assessment of the price performance of an item, which can be studied to gauge the probable price performance at a later date or time period.

  2. Probability of future performance of a trade.

  3. After identifying and using the tools of trading. There are additional correctness which can be ascertained by the use of technical analysis. Probably resulting in gains at the end of trades.

  4. List item

#197

  1. How does the writer define technical analysis?
    According to CryptoCred, technical analysis is the practice of analyzing the price history of an instrument in order to make actionable, risk-defined forecasts of its future price. It is a probabilistic risk management tool that can generate new trade ideas … convert price forecasts into actionable trades.

  2. What are technical analysts looking to identify in the market?
    Technicians analysts are looking to identify levels, waves, moving averages, indicators — whatever myriad of tools they use to identify and execute a trade setup offering asymmetric Risk:Reward.

  3. How would you summarize the authors argument that technical analysis works?
    CryptoCred believes in technical analysis and says that one is more likely to be successful when a trader is more systematic and selective than one who is not.

#198
  1. How does the writer define technical analysis?
    Risk management tool used to make actionable trades on an instrument.
  2. What are technical analysts looking to identify in the market?
    Positive expectancies in the market
  3. How would you summarize the authors argument that technical analysis works?
    measured and systematic approach to trading that works better than taking a punt if youre diligent and and committed to learning the specifics
#199

1.How does the writer define technical analysis?
Technical analysis IS a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trade setups on an instrument.

2.What are technical analysts looking to identify in the market?
Technical analysis is the practice of analyzing the price history of an instrument in order to make actionable, risk-defined forecasts of its future price.
3.How would you summarize the authors argument that technical analysis works?
By focusing on what technical analysis is not. It’s not about knowing, it’s about that technical analysis is only a risk management tool.

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#200
  1. How does the writer define technical analysis? risk management tool to derive probable, actionable risk-defined trades
  2. What are technical analysts looking to identify in the market? statistical probabilities of future trend
  3. How would you summarize the authors argument that technical analysis works?he says it works as long as the trader is being mindful
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