Technical analysis for trading
Who uses the so called 'technical analysis' for deciding what to trade or invest?
Such as 'resistance' or 'pivot' points etc?
Is it useful and do you use it for your own investment decisions?
Ive heard some traders go through their analysis drawing on the charts etc. Personally I think its kinda pseudo-science BS snakesoil artist speak. Maybe it works from tiem to time as it it turns out somewhere like where you expect it to. But in no way is it 'science' or anything. There is no basis to it.
Such as 'resistance' or 'pivot' points etc?
Is it useful and do you use it for your own investment decisions?
Ive heard some traders go through their analysis drawing on the charts etc. Personally I think its kinda pseudo-science BS snakesoil artist speak. Maybe it works from tiem to time as it it turns out somewhere like where you expect it to. But in no way is it 'science' or anything. There is no basis to it.