toyogo00
02-26-2009, 08:30 AM
Hi,
I've found two interesting articles about technical analysis:
A EUR/USD Breakout? A lesson in technical analysis subjectivity
Technical analysis is, by nature, a subjective exercise. Give two technicians the same chart, and they'll often interpret patterns, trends and potential breakouts differently. No matter what you hear from sellers of "fool-proof" technical trading systems, there is always room for interpretation in the charts.
http://www.learningmarkets.com/index.php/200902241570/Forex/Forex-Technicals/a-eurusd-breakout-a-lesson-in-technical-analysis-subjectivity.html
Why Adding Indicators Hurts Your Trades
I hear investing "instructors" suggest that adding several technical indicators will increase the probability of a successful trading outcome. This is a fallacy that plagues a lot of traders, especially new traders. Trading the market is not just a numbers game but there are some things we know about statistical analysis that can help you understand why this is a fallacy and why it can hurt your trading returns.Technical analyiss
http://www.learningmarkets.com/index.php/200902251581/Forex/Forex-Technicals/why-adding-indicators-hurts-your-trades.html
Hope you enjoy them!
Regards,
Toyogo
I've found two interesting articles about technical analysis:
A EUR/USD Breakout? A lesson in technical analysis subjectivity
Technical analysis is, by nature, a subjective exercise. Give two technicians the same chart, and they'll often interpret patterns, trends and potential breakouts differently. No matter what you hear from sellers of "fool-proof" technical trading systems, there is always room for interpretation in the charts.
http://www.learningmarkets.com/index.php/200902241570/Forex/Forex-Technicals/a-eurusd-breakout-a-lesson-in-technical-analysis-subjectivity.html
Why Adding Indicators Hurts Your Trades
I hear investing "instructors" suggest that adding several technical indicators will increase the probability of a successful trading outcome. This is a fallacy that plagues a lot of traders, especially new traders. Trading the market is not just a numbers game but there are some things we know about statistical analysis that can help you understand why this is a fallacy and why it can hurt your trading returns.Technical analyiss
http://www.learningmarkets.com/index.php/200902251581/Forex/Forex-Technicals/why-adding-indicators-hurts-your-trades.html
Hope you enjoy them!
Regards,
Toyogo