TA isn’t holy grail

Many books have are written on technical probability or analysis (TA) of stock analysis since the advancement of computer system. TA is not new but yet the development in this area is hitting exponential growth only in the past 10-15 years.

Since joining as fulltime trader I came to realise that many of my seniors (with 20 more years of experience) aren’t good in chart reading.
Their sophistication of making money does not lie in chart but more of reading and manipulating the market momentum.

Personally I read countless books on TA subjects and practiced what is taught by the author with the given indicator.
I always hunt for secret formula which I believed the author formulating them for the best interest of their readers.
What I and many failed to realise is that all these studies (indicators) are basically statistical results plotted in a graphic as chart. This graphic should only be used as guide to assist traders in their decision process.

I would from many years of my study to say they all work or they all don’t work at all.
This may sound confusing because I use chart and it works for me, but my friend uses chart and it doesn’t work for him.

The problem with most technical traders is that they use technical studies as if it is holy grail.