Luck plays no role in the markets. There can be no happy ending for anyone who is trading or hedging the markets based on hope or luck and without a deep understanding of how the markets work.
Why Technical Analysis
Why do we do technical analysis? We do technical analysis because of the severe financial penalties inherent in not doing technical analysis. These financial penalties are of a two fold nature.
Candlesticks
For centuries traditional Japanese design has been characterized by a minimalist approach. The lines are spare and the patterns border on the austere. These design elements represent the single most dominant characteristic of traditional Japanese poetry, art and architecture. The simplicity engendered by this minimalism is also rich with deeper meanings.
Sentiment Indicators