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Re: Technical Analysis: Is it voodoo? Or does it work?
My experience on trading with TA indicators is this.
On swing trading,(using of daily chart, holding of more then 2 days). TA with price derived indicators do work, but a lot of work to find the right fit for the right market. I do have a few swing trading systems which are doing very well base on TA.
on Intraday trading: Lagging indicators, such as RSI, CCI ect, has not been working for me. Only after I switch to "Now indicators",(tape, Volume with price, inter-market relationships) market starts to make sense for me and my trading become stable.
weiwei
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