Reading Assignment: Reading Assignment: Does Technical Analysis Work?

TA & Algo Trading Course
#341
  1. The writer defines technical analysis as a way to come up with actionable risk based strategies that give you a higher probability for better returns.
  2. Technical analysts are looking to identify trade set ups.
  3. The author thinks of technical analysis as a tool in the toolbelt to help make better decisions about trades. It is a way to come up with a probabilistic scenario that with other tools gives a trader an edge they would otherwise not have.
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#342
  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

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

They are looking to identify and execute a trade setup offering asymmetric Risk:Reward, using levels, waves and indicators.

  1. How would you summarize the author’s argument that technical analysis works?

technical analysis ‘works’ because the requirements it has to meet for that to be true are not unreasonably high, as long as it helps traders identify and trade asymmetric risk:reward trade setups.

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#343
  1. He defines it as a practice of analyzing price history of an instrument in order to make actionable, risk-defined forecasts of its future price.
  2. They are looking for risk-defined probabilities of price change.
  3. It works if it is defined by risk.
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#344
  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-defines trading setups on an instrument.
  2. What are technical analysts looking to identify in the market?
    trade setups with asymmetric risk/reward conditions.
  3. How would you summarize the authors argument that technical analysis works?
    it is much likely to work if there is a system in place and if it is done properly. it has been compared to gambling in a sense that people throw money at charts without reading them properly. many retail and pro traders successfully undertake TA.
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#345

  1. 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.

  2. Technical analysts are looking for better odds and for their setups to render them profitable over enough trades. My personal opinion is that technical analysis is a supplementary set of tools that allow traders to analyze the markets through charting and attempt to optimize their trades ("…identify and execute a trade setup offering asymmetric Risk:Reward." as per the article). For example, maximize their profits, minimize their loses or hedge trades/positions by identifying opportunities in markets and prices.

  3. 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;
  • it helps traders identify and trade asymmetric risk:reward trade setups.
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#346
  1. Analyzing price history of an instrument to form actionable probabilistic asymmetrical assumptions.
  2. Trade setup Entry/exit strategy with asymmetrical risk/reward.
  3. TA works along with other market indicators and fundamentals based on a solid trading plan, self-control and discipline.
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#347
  1. How does the writer define technical analysis? He say that it 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? Better odds and better set-ups to render them profitable over enough trades.
  3. How would you summarize the authors argument that technical analysis works? TA is not about predicting the future. It is about using risk management as a tool to derive probabilistic, actionable, and risk-defined trading setups on an instrument.
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#348

A)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 .

A) Technical Analysts are looking to identify patterns and carve out an edge, helping to weigh out risk/reward trading set ups.

A) TA doesn’t need to predict the future or out preform professional traders. It helps traders identify asymmetric trades. One must be patient and disciplined. It is a good tool , but not a crystal ball.

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#349

  1. The witer define tecnical analysis as it is a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trading setups on an instrument.

  2. The goal is to identify opertuneties to enter a trade at the right time within his own risk managment.

  3. Tecnical analysis works not becoause it give you the answer, but it can give you an edge by studying the carts and give you the most likely outcome. This is a tool so that you can take action within your own risk managment rules.

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#350

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

— Technical analysis is not about knowing/deducing the future price of an instrument

— The point of technical analysis isn’t to outperform professional desks and firms, it’s about whether it can help a trader carve out an edge and a positive expectancy in the market(s) they trade

— Not all technical analysis is equal — it’s much more likely to work for someone who takes it seriously (disciplined, systematic, etc.) than someone who just takes a punt

— Don’t get sucked into the technicals vs fundamentals argument — focus on whichever works best for you and have at least an elementary grasp of the other

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#351

1.the writer defines TA as a risk management tool that can be used to derive probabilistic, actionable and risk defined trading set ups on a instrument
2.executing a stratedgey to allocate trades for the risk:reward ratio to be in your favour
3.TA Works great if you use it correctly with disciple patience and risk management. the tool is as good as the user

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#352
  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. identify and execute a trade setup offering asymmetric Risk:Reward.
  3. 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.
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#353
  1. How does the writer define technical analysis?
    He defines it as the practice of analyzing the price history of an instrument in order to make risk-defined forecasts on its future price, based on actionable parameters such as price targets and stop losses.
  2. What are technical analysts looking to identify in the market?
    Besides price forecasts, they look to identify bullish or bearish trends in order to outline a strategy on price target and stop loss.
  3. How would you summarize the authors argument that technical analysis works?
    TA works or meets its intended objective of identifying probable rewards (assymetric risk) as long as it assists the trader with a realistic (and not unreasonably high) expectative.
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#354

1.Technical Analysis is a risk management tool used to derive a probalistic, actioned, risk-defined trade of an instrument

2.They are looking to define the Reward to Risk of a trade, the overall status of the trade within the market (bullish or bearish which determines action if you are investing, shorting or longing)

  1. The author’s argument that it works is that it gives you a more statistically reason to trade a certain way.
    If you wanted to kick a football to someone you could just kick it with your head down and eyes close and no sense of aim OR you can “eye-ball” a distance, semi-calculate your strength of kick and look to see where youre kicking the ball.
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#355

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

2- Technical Analysts are looking for better odds and for their trade setups to render them profitable over enough trades. The “trade setup” is identified and executed and it must offer an asymmetric risk/reward

3- That technical analisis is a Tool to manage risk and you can t predict the future with it. You can use the technical and the fundamental analisis to try to get a better result.

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#356
  1. Technical analysis is a probabilistic risk management tool that can i) generate new trade ideas ii) convert price forecasts into actionable trades.
  2. identify and execute a trade setup offering asymmetric Risk:Reward.
  3. it’s much more likely to work for someone who takes it seriously (disciplined, systematic, etc.) than someone who just takes a punt
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#357
  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?
    Technical Analysts seek to identify actionable trades in the market, these can be derived from patterns within the data and likely price forecasts based upon probabilities.
  3. How would you summarize the authors argument that technical analysis works?
    He states that technical analysis is not a golden ticket to price prediction but should be considered as part of the traders tool kit. Along with other methods such as macro and fundamentals information, technical analysis can augment the trading risk reward strategy and aid trader to set up better and more effective trades.
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#358
  1. How does the writer define technical analysis?
    A: technical analysis is the practice of analyzing the price history of an asset and making actionable, risk-defined forecasts of its future price.
  2. What are technical analysts looking to identify in the market?
    A: technical analysts look to identify trade setups offering asymmetric Risk:Reward 3.How would you summarize the authors argument that technical analysis works?
    A: technical analysis works in the sense that all it is attempting to do is help traders make better risk management decisions by realizing when there is an opportunity for an asymmetrical risk reward trade
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#359
  1. TA builds medels that overtime repeat with a certain set of probabilities so we can position ourselves in order to take advantage of this set of probabilities
  2. Technical analysts are looking for a statistical edge on which to act that will allow them to increase their portfolio
  3. It is not a science but a craft . TA works because a statistical edge togheter with strict risk managment and disciplined execution gives the trader the chance to be profitable over a period of time
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#360
  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,
    Technical analysis is a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trade setups on an instrument.
  2. An ideal entry and exit price, Technical analysis is a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trading setups on an instrument.
  3. T.A. is not a magic button or program designed to bring you instant wealth, but if used properly along side good research, it will very much increase the chances of a successful and profitable trade.
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