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Re: How valid is technical analysis?
I am with Kiwi. He has done an excellent explaination. Just to add on.
TA doesn't fail a trader, trader fails himself. TA is useless, because the trader is not applying correctly, and unable to accept the fact that, it is playing with probability. We use TA to look for high probability entry/exit point. It is just that simple.
Have a profitable day.
Last edited by Gav; 11-24-2006 at 12:05 PM.
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