[gadrev]

TA is a very broad umbrella, and forms of TA work. Day traders exploit it day after day. It doesn't require sophisticated technology or deep pockets. I see many people that necessarily aren't familiarized enough with the trading world argue otherwise, which is unfortunate since they're making categorical statements while being not very well informed.

I'm a bit blunt because of this, but you have to remember that calling "SMA crossover" TA is like calling setting up the washer "programming" it and equating it with programming in a software developer sense. And both are available to a wide population! Guys, there's much more to TA than that (and similar super simple strategies that just rely on no or very simple market structure).

I just had to reply. Someone down there said he spent time and said no indicator will reliably predict price. Forget about magical indicators, agreed. I have proved TA to myself, but it doesn't look at all like what the article or many of the comments describe. It's one TA system of many, though.

I'm happy to answer questions if anyone disagreeing has any. I may not be able to do so for a broad variety of scenarios, since I'm talking specifically about day trading, but the "patterns" (it's not just patterns, it's patterns in a market structure context where you get the alpha from, otherwise I understand the "astrology" analogy presented here) apply to longer timeframes as well.