A trading chart does not play out to 100%

[South Park]

Charts rarely play out the way they're drawn. Anything can happen to change the course of the chartered course. Bad news, missed deadlines, BTC dump, etc etc. Fundamentals are far more important to pay attention to.

The fundamentals of an asset are important if you are a positional trader and want to take a very long position in an asset, but if you want to be a trader that only holds his coins for a few hours or days then technical analysis is way more important, the variations on the supply and the demand are way more important the shorter the period you choose to trade, besides even if the fundamentals are important it does not really give you an idea of how big or small the next movement will be so you still need TA in order to figure it out.

[cytpoway121]

While trading, I have come to notice that most of the chart  only play out about 70% of the time at most, so no matter how good you are you still can't know everything.

So literally, I want to know your takes on this, does it apply to both FA/TA chart analyst or just general views?

Do guide me with comments

Honestly, you do not need to have a 100% chart records; be it only for trades or profits because i believe we cannot always be 100% correct. So i usually advice that we ensure that we make profits most of the time, take calculated risks; and remember to always do your research. Sometimes in trading; it is better you avoid the market totally than trading at loss; have that in mind as a guide too.

[htsy585]

Your observations are correct, trade charts can never give 100% accuracy because charts only show traends of previous price movements. People however, have mastered  chart trends to the extent they can determine the next trend the force of demand and supply will take. I think it applys to even the TA And Price analyst because on many occasions, users have complained about losing cash because the signal dropped by the analyst turns out inacurate

[MCobian]

Therefore we cannot rely on trading charts when trading, because the results of technical analysis and fundamental analysis are not
guarantee 100% accurate. Possible 50% -80% accuracy of the results of trading charts, and of course this fact is very risky for those
who rely on trading chart. Sometimes we need experience, instinct, knowledge and luck to succeed in trading.

[Kelvinid]

Therefore we cannot rely on trading charts when trading, because the results of technical analysis and fundamental analysis are not
guarantee 100% accurate. Possible 50% -80% accuracy of the results of trading charts, and of course this fact is very risky for those
who rely on trading chart. Sometimes we need experience, instinct, knowledge and luck to succeed in trading.

The bolded one is very important in trading, not a chart or TA's we need to acquire in trading coz these all things aren't of big help. Decision making is somewhat a big role in trading and that is quite coming from those things above.
It is to say that traders aren't particular to that chart's and rely upon on it, the trend changing all the time and we can't either say that what happens last year (the same date) or even last month will actually be happening today. Have nothing to see that for sure and that is the reason that we can't just say trading charts will be helping a lot.

[Oilacris]

Therefore we cannot rely on trading charts when trading, because the results of technical analysis and fundamental analysis are not
guarantee 100% accurate. Possible 50% -80% accuracy of the results of trading charts, and of course this fact is very risky for those
who rely on trading chart. Sometimes we need experience, instinct, knowledge and luck to succeed in trading.

The bolded one is very important in trading, not a chart or TA's we need to acquire in trading coz these all things aren't of big help. Decision making is somewhat a big role in trading and that is quite coming from those things above.
It is to say that traders aren't particular to that chart's and rely upon on it, the trend changing all the time and we can't either say that what happens last year (the same date) or even last month will actually be happening today. Have nothing to see that for sure and that is the reason that we can't just say trading charts will be helping a lot.

You got the point but you cant really deny that majority of traders are making use of that technical aspect.Okay lets say that this isnt important

then how do people do deal up with the market without plotting any trend lines or support or resistances? Just by doing some random guess?

I dont think so thats why people do keep on speculating basing of into their analysis which i do say much better than making out positions

just because your guts do tell you to do so.

[Freddy11]

That is very much obvious thing as there is no way chart could be 100%, so we have to be very careful. I always believe risk management is the most important factor and reason behind one getting success. I always find it simple through FreshForex with their 101% tradable deposit bonus.

[South Park]

Therefore we cannot rely on trading charts when trading, because the results of technical analysis and fundamental analysis are not
guarantee 100% accurate. Possible 50% -80% accuracy of the results of trading charts, and of course this fact is very risky for those
who rely on trading chart. Sometimes we need experience, instinct, knowledge and luck to succeed in trading.

No, many think that the accuracy of your trades is everything and that could not be further from the truth, remember why people trade they do it to obtain money, if you have a strategy that you have backtested that can generate profits even if it is only accurate 80% of the time then it is really not important that you are missing 20% of your trades, the important thing is that you are earning money, in fact I have seen systems with an accuracy below 50% and you can still be profitable with them if you have good money management skills.

[SARA ISLAM]

Technical analysis is the process of scrutinizing data from the past and reaching a conclusion, and fundamental analysis is important to know what is happening in that currency now, to trade two things. In my opinion, applying both technical and fundamental together will increase the success rate.

[Lorokan]

Therefore we cannot rely on trading charts when trading, because the results of technical analysis and fundamental analysis are not
guarantee 100% accurate. Possible 50% -80% accuracy of the results of trading charts, and of course this fact is very risky for those
who rely on trading chart. Sometimes we need experience, instinct, knowledge and luck to succeed in trading.

I think you are right; because i realized that most times; when you have an idea of what i to happen; movements figured and other details sorted; a news could be out and then every analysis crashes and price dumps. With experience; and good instinct, i support that one can always take profits most times.

[Fatunad]

Therefore we cannot rely on trading charts when trading, because the results of technical analysis and fundamental analysis are not
guarantee 100% accurate. Possible 50% -80% accuracy of the results of trading charts, and of course this fact is very risky for those
who rely on trading chart. Sometimes we need experience, instinct, knowledge and luck to succeed in trading.

I think you are right; because i realized that most times; when you have an idea of what i to happen; movements figured and other details sorted; a news could be out and then every analysis crashes and price dumps. With experience; and good instinct, i support that one can always take profits most times.

Hey buddy!

When replying to a thread, you should always consider on looking at on the date on how long its been inactive or have no discussions or whatsoever because you are just simply
necrobumping up this post.

On topic replay that trading chart doesnt not play out to 100%. Of course, theres no such thing about 100% precision on predicting price movement in the market.
If theres anyone who would able to do that then they are the richest man on this planet.

[0xBitcoins]

When replying to a thread, you should always consider on looking at on the date on how long its been inactive or have no discussions or whatsoever because you are just simply
necrobumping up this post.

You are right but this thread was created by him so I guess he has all the right to reply on it when he feels someone has made a reply and he should answer back or share his opinion.

Charts don't pay out that is right but they pay out more often than the random prediction and if we don't go by charts and market news then we are simply gambling in the name of trading so I guess while charts are no as effective as they are in stock market but yeah it is better to use them still.