Technical Analysis and Trading Signals

Here is an interesting read:

http://www.gold-eagle.com/editorials_05/chan062305.html

" Trade what we see, not what we think."

" Markets need not to be predicted, or forecasted; just followed."

Here are my two cents:

TA, studying of price movement rather then the stock fundermentals, is basically trying to capitalise on the price movement, buy and sell with price difference and make money. In this context, TA is more trading orientated then FA.

But we have to make use of the TA knowledge and develop it into profitable action plan. This is where stop, exit, trailing stop come in. To further improve our chance of survival, porfolio management, position sizing, pyramics, partial entry/exit all come in.

I am not sure you are aware that those trading orientated TA books / softwares tend to be every expensive, much more expensive then pure TA books / softwares. Ever wonder why?