What Are The Myths of Technical Analysis?

[moonchild]

Personally, I think technical analysis gets a lot of credits it doesn't deserve because most of us humans suffer from acrophobia which basically known as patternicity, we like to classify things based on patterns that we are familiar with, if you pick up any technical analysis book and open your chart it will be very easy to spot the patterns because they're obvious.

But when you get to your trading deak on a Monday morning you'll find out that it's a different ball game entirely and you'll be losing trades left, right and centre as they take out the objectivity in trading and made everything like a puzzle.