"Much of technical analysis is magical mumbo-jumbo that people think will tell them where the markets going. And it never will. It's just a bunch of nonsense. Unfortunately, I've also participated in it" - Larry Williams
Read? Does Shorting always win in a bear market?
Last time, I used to follow that honest Guru's cbox and blog everyday without fail. I was trying to learn from him as much as possible on TA since he is our local well-known full-time Chief Trainer and Chief Strategist in his School of Whatsoever Kung Fu Charting. He has even developed new indicators and modify/adapt some existing indicators to perform better in the current market environment.
Actually, I should thank him for helping me to STOP fooling myself in searching of better TA after seeing him clowning LIVE in front of my eyes in his blog with his failed trades.
I last heard he doesn't blog his trades anymore and his blog is dead!
Although I have stopped searching for better TA; I still do some simple TA for entries and exits so that I don't blame myself for making stupid mistakes when I failed.
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