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  1. Scataphagos

    "Do trendlines work?" + Confluence of support... SP 4200?

    Seems "EVERYBODY" watching this...
  2. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    More simple than easy... psychological pressures of money and all.
  3. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    Criteria for good support? ONE bounce. The "start" is all you get to KNOW. After that, you have to play by ear. (I was schooled as a chemist. I'm used to "observing" and then trying to figure out why/what happened.)
  4. Scataphagos

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    Isn't that kind of like trying to prove you're not a wife beater? :)
  5. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    We don't need their tools or software. All we have to do is understand Price TA and trade with our eyes. KISS! The market has clearly shown support for NQ @ 14725 at least FOUR times. As a Price TA trader, what do you do with that info? How simple a concept is that? That's Price TA, KISS!
  6. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    KISS is the concept of "keep it simple"... don't complicate things. There are NOT "countless ways of drawing S/R". You only get to KNOW the "start". What happens after, you have to play by ear.
  7. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    Well... 4338 (futures) gave way "They" were talking, "4300 SPX gives way, then 4200 quickly." 4300 has broken (4287 currently), but no downside "swoosh" just yet. Gotta watch and be ready.
  8. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    It IS easy... like finding money in the street... if you understand and can execute. Do you "get it", or is that sarcasm? I get a bunch of that, you know. :)
  9. Scataphagos

    Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

    Top of range = 4384 Bottom of range = 4338 There is a smaller range within the bigger range if you wish to make a play on it. Trade what you SEE... not what you think/hope/feel. Price TA.. KISS, Baby! :)
  10. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    I've got so many on ignore that I don't know whom you're talking about... I presume it's me. I don't mind someone being foolish/uninformed, but I do mind them being nasty about it. I don't "get anything" nor "want anything" from anybody... not even an "atta boy". I state fact... if I offer...
  11. Scataphagos

    "Do trendlines work?" + Confluence of support... SP 4200?

    Trading with TA is properly about "recognizing logical risk/reward possibilities and trading them with a tight stop". My suggestion falls into the notion of "trade with your eyes... trade what you SEE"... and not what you think/hope/feel. You know, both my recognized possibility and your view...
  12. Scataphagos

    "Do trendlines work?" + Confluence of support... SP 4200?

    1 Rising bottoms line @ 4200 2. Backtest of 4200 breakout? 3. 200 Day Moving Average... 4190 today (obscured by blue lines). Watch for 4200 next week. Technicians should take a shot at this, and probably a big one, if 4200 tests/holds. FWIW... KISS, baby!
  13. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    OK.. done deal. ON IGNORE, with prejudice. (Many ETers will have a chuckle at your expense, you know... as you have just told the ET God of Technical Analysis to "go f*ck yourself".... because you have a "hard on" for one word in a statistical term that NOBODY in the financial markets uses...
  14. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    By convention in the financial markets, the "W" is not normally used... though it's used in "time series" not including the financial markets. (Your use of EWMA sounds like you're fresh out of your statistics class in high school.) You don't realize it, but you've "poked a stick at the big dog...
  15. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    "Exponential Weighted MA"? I've not seen that description/term. The notion of "exponential" indicates "weighted". You know, SMA = Simple MA, EMA = Exponential MA. What period? Here's a clue for you. Moving Averages have limited usefulness. If you're focusing on them in (almost) any*...
  16. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    What is the "w" in "EWMA"... weekly?
  17. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    Wrong. YES, YES, YES! I don't mean to cast dispersions... but your "no, no, no" comment indicates you don't understand the concept of "support". (Don't feel bad... most others don't either.)
  18. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    Though the "4400 neck line" (presumed) was broken, it's not resolved yet. However... here's more TA from this chart. Notice the low @ 4366... "small double bottom" followed by a "test" a few hours later. It's OBVIOUS the market is/was playing "4366 as support". You could have seen it and...
  19. Scataphagos

    Should have been Bear @ 4565. Will there be a play on 4400?

    Will they make a play on ES 4400? Looks like a "yes".... how far will it go? Have to play that by ear.
  20. Scataphagos

    Trailing Stop Loss use with Options

    There is no correct answer... some stops are more logical than others. Stops are an art.
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