[phil895]

I think TA is a very good trading system, for this I must also include concepts that are technical; historical patterns, and price distributions... not just price and volume alone. I used TA almost exclusively sometimes, and the results are much better than FA for short term tradings. For long term setups, it will be another different story. I also find that engineering and math backgrounds are better at TA and economics and accountants are better at FA. When you hear failure rates it's usually from those outside the two academic backgrounds, this doens't mean that engineers and business people are better but they can learn to trade faster, and the success rates are much higher than the rest...