Reading Assignment: Reading Assignment: Does Technical Analysis Work?

TA & Algo Trading Course
#381
  1. Its defined as “technical analysis is a probabilistic risk management tool that can i) generate new trade ideas ii) convert price forecasts into actionable trades”
  2. they want to identify the trend and determine the risk vs reward.
  3. It only works when the trader is disiplined and knows what he or she is doing. it also takes risk managment and patience to be profitibal
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#382

Does Technical Analysis Work? Assignment

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

  2. Technical Analysts are looking to identify technical indicators that will help them carve out an edge and a positive expectancy in the market(s) they trade.

  3. Summary of the Author’s argument that technical analysis work:
    Technical analysis works because the requirements to fulfil are not very high. It does not have to predict the future nor must it outperformed better equipped professionals. If it helps traders identify and trade asymmetric risk : reward trade setups, then it works.

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#383

  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?
    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?
    more likely to work for someone who takes it seriously (disciplined, systematic, etc.) than someone who just takes a punt

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#384
  1. a calculated way using different methods to analyze the prices of the markets
  2. basically the price , but more actions of the market that will influence the price
  3. it works only when the trader is seriously doing trading by following a strategy
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#385
  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. Technical Analysts are looking for conditions that provide a higher probability of successful trades while reducing risk.
  3. I thought it was a fair article that sums up nicely that TA in itself is not a predictor of success, but used correctly with discipline, learning and practice, that it can increase the probability of success while minimizing risk.
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#386
  1. How does the writer define technical analysis?
  • to predict the future price based on historical price to minimize the risks
  1. What are technical analysts looking to identify in the market?
  • to indentify trends and historical patterns
  1. How would you summarize the authors argument that technical analysis works?
  • it depends What kind of mindset a trading Person has. Most likely it will work for a systematic trader but not for a fast runner.
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#387

  • 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 trading setups on an instrument.

  • What are technical analysts looking to identify in the market?
    They are looking to identify trends that can generate risk defined trade setups.

  • How would you summarize the authors argument that technical analysis works?
    It works because it helps with risk management, helping the bottom line.

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#388

  1. How does the writer define technical analysis?
    He defines it as a a risk management tool that can be used to derive probabilistic, actionable, and risk-defined trading setups on an instrument.

  2. What are technical analysts looking to identify in the market?
    They look 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?
    As long as it helps traders identify and trade asymmetric risk:reward trade setups, then it works.

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#389

  1. Technical analysis is a probabilistic risk management tool that can i) generate new trade ideas ii) convert price forecasts into actionable trades

  2. Asymmetric risk-reward trade setups.

  3. The author argues that TA ‘works’ but only when done properly by an experienced trader, who has all the necessary attributes needed: patience, discipline, and a sound strategy that has a probable chance of success.
    Additionally, the author argues it works for any type of trader, and anyone with the above attributes can be successful. It is a way of executing trades identified to have a higher probability of success.

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#390

  1. Technical analysis is risk management tool rather than tool that predicts the future.

  2. They are looking to identify trends to increase their odds with lower risk in their trades.

  3. It works if you use it systematicly

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#391

  • How does the writer define technical analysis?
    = As a tool help create risk defined trading setups.

  • What are technical analysts looking to identify in the market?
    = Risk / Reward

  • How would you summarise the authors argument that technical analysis works?
    = Technical analysis is not a tool that will predict the future, it is a tool that with the help of patience, discipline and a clearly defined set of trading rules, can help identify risk reward and make you chances of better trades bigger.

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#392
  1. As a tool to manage risks on an instrument to derive probabilistic, actionable risk defined trade actions.
  2. A target to take profits or a stop loss to prevent further losses.
  3. To say define if technical analysis works is as important as discuss if the trader id disciplined and professional in his executions. The tools that the technical analysis provides are probabilistic items that can be very well complemented with Fundamental Analysis.
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#393

  1. According to the author of this article, 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.” Essentially, looking at previous chart data in order to give probability to the future price, in historical context.

  2. Technical analysts are looking to identify a forecast in the price action in order to make a well assessed trading setup with good probability of success.

  3. If technical analysis is a tool that helps traders set up trades with higher probability of success, rather than simply relying on news or fundamentals, then technical analysis “works”.

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#394
  1. How does the writer define technical analysis? The writer state that technical analysis is the practice of analysing the price of history of an instrument in order to make actionable, risk-defined forecast of its future price.
  2. What are technical analysts looking to identify in the market? It is primarily about probabilistic risk management tool that can generate new trade idea to convert price forecast into actionable trade with a positive outcome.
  3. How would you summarize the authors argument that technical analysis works? Technical analysis does not for tell the future, but it does allow traders to identify risk reward of a trade. It is used by both professional trader and retail trader and to program bot as part of their programming strategy.
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#395

  1. The author defines technical analysis as 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. TAs are looking for asymmetric risk/reward setups

  3. 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 successfullly undertake TA.

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#396

  1. How does the writer define TA? Technical analysis is a risk management tool that can be used to derive probabilistic, actionable and risk-defined trade set-ups on any instrument. It can help generate new trade ideas and convert price forecasts into actionable trades.

  2. What are TA’s looking to identify in the market? Technical Analysts 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 TA works? Technical analysis works in conjunction with fundamental analysis. It is used to try and deduct the future price action of various securities, commodities, etc by analyzing past price movements. By using TA along with FA, one can better predict the outcome of their trades.

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#397

I’ll try to answer in own words to see if I can reproduce it well.

  • TA is a tool that can aid in risk management by trading an instrument in an actionable, probalisitic, risk-defined matter.

  • Technical analysts look at historical behaviour to help them determine the direction of the market and determine a take profit and stop loss level.

  • the author suggests technical analysis works if it meets the users goals and if when it can generate risk-defined trade setups? In his mind the answer is yes.

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#398
  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?

generate new trade ideas ii) convert price forecasts into actionable trades** .

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

As long as technical analysis helps with rational to gain enough reasonable sureness to reasonably commit to either lose some bait or gain some to allot more fish, then it works when you’re somewhere in between growing the bank and you live to trade another day.

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#399
  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?

generate new trade ideas ii) convert price forecasts into actionable trades** .

  1. 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.

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#400
  1. Technical analysis is a probabilistic risk management tool that can i) generate new trade ideas ii) convert price forecasts into actionable trades
  2. They look for an actionable, risk-defined trade setup in line with their forecast.
  3. As long as you have a target and discipline yourself by usefully using technical analysis, it is usually easy to meet your target, which means technical analysis works.
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