Talk:Technical analysis

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Propose merging Technical analysis software into here.

The Technical analysis software article was recently trimmed down, removing some spammy links. See activity at WP:COIN It's now so short it could just be a paragraph here. Any objections to merging? John Nagle (talk) 05:27, 12 August 2017 (UTC)

Proposed edits to this page

Here are some proposed minor edits for this page:

• Change the “Industry” section so it does not say “Market Technicians Association” but “CMT Association” as the company has gone through a name change.
• Fix any incorrect links at the bottom. The new company website for information is cmtassociation.org

Tyler wood (talk) 13:38, 16 August 2017 (UTC)

 Done. ~Anachronist (talk) 16:43, 16 August 2017 (UTC)

The introduction to this article is clearly negatively biased

This article is clearly biased. The introduction has a single sentence concerning what technical analysis is actually about, and then three sentences concerning objecting and competing methods. Furthermore, these other methods are presented as being more factual or reliable, despite the fact that the efficient-market hypothesis and active management theory are both unproven. I don't understand why there is such a concerted push to give this article a negative slant considering that trading would essentially be impossible without technical analysis, and it influences every single market considering that most price-action these days is driven by bots which act almost entirely upon TA signals. High-frequency trading, which makes the majority of trading volume in the US stock market and certainly in the crypto market, is entirely driven by TA.

The claim that TA is 'pseudoscience' is written by someone who lost a large amount of money in the dot-com bubble and according to this talk page has been up for, what, a decade now, and nobody is allowed to alter or remove it? Or even give it some context, or perhaps a differing perspective? In the introduction for the topic!? The defining aspect anyone who reads this article will be the implication that this is pseudoscience and therefore nonsense, and this all hangs upon one book written by somebody who is clearly going to be personally biased against the concept of trading itself.

I have tried to give that quote some further context considering that studies done on TA have been done in the abstract and do not actually reflect applied circumstances but it has been reverted twice. TA in the real world is not done in isolation, as the studies are conducted, but TA signals are used in conjunction with one another to construct a heuristic understanding of -price action-, which traders, and bots, then act upon if the risk to reward ratio is favourable. You cannot gain an accurate understanding of TA by running statistical analyses on individual signals without any context for how entities act upon those signals and then conclude that the method is nonsense. This article's introduction, the thing most people will read when looking up TA for the first time, is terribly biased and needs to be reconsidered. It should be rewritten with an emphasis on what TA actually is and how it is applied in markets rather than a emphasis on how other theories disagree with it. Hueycookafew (talk) 09:37, 23 July 2021 (UTC)

We can't use WP:SYNTHESIS to undercut the reliable sources (I use the plural because although we cite only one in the read, others are references further down in the article). Lots of things are widely used and studied but are still pseudoscience - Homeopathy, for example. This 'TA in the real world' stuff is a red herring. If the signals don't work, and you combine with something else that does work (for example, the overall upward trend of the stock market), you'll still see some benefit overall. But that does not mean that TA actually contributed anything. There is some legitimate work that gets done in studying behaviors in the stock market, but that work doesn't justify the large volume of pseudo scientific techniques in the field, just like the fact that counting calories works doesn't justify fad diets. MrOllie (talk) 11:08, 23 July 2021 (UTC)