Do fibs do the job?
Can MAs work?
Can Andrew's pitchforks work?
So, the point of the thread is straightforward: what would it take to DISPROVE randomness.... Thus giving the trader a real benefit using fibs, MAs, round amounts, pitchforks, fancy MACD interpretations, stochastics, etc.. Quite simply it would want a market NOT OF RANDOMNESS, however of repeating patterns.
But what's reality? It's That NO TWO YEARS ARE EVER ALIKE. The charts are never repeating. History does not repeat itself, therefore price is arbitrary.... And consequently TA.
An example comes to mind.... The GBPJPY BB of kharvell egy. It backtested for many thousand pips in numerous years.... The thread was buzzing.... People were investing it ! Crash and burn. Much like Heiken I Smoothed. Etc..
Now please do not clutter the thread with screen captures of where TA works, since I will just need to post images where it does not.
And do not tell us how your are a prosperous discretionary trader (which TA is a instrument ) because that usually means you are simply imagining.... And anybody can get blessed doing that.