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I think technical analysis is still valid. They work because alot of people still follow them. |
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Yes, you are right about that. I would be wrong to say TA does not work completely. I cant quite explain it in words... somehow I dont like it. I think there are better methods to trade the markets.
I just think there is no need to follow patterns when all you need to look at is price action. Price and volume pretty much tells you all you need to know.
I am sure many traders would disagree.