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I use MACD in my trading and I can tell you this method you describe is possibly SLIGHTLY better than just buy and hold and will keep you out of long periods of bear markets but will usually underperform in strong BULL markets which we have had over the last 8 years Even though it is how MACD...

I would not be shorting BABA.

LOL.....There is a pretty good reason for it. There are 6.5 hours in a trading day. 5 trading days in a week. I just added one more trading day to make sure the EMA covers just a bit more than the weekly trend. So take 6 trading days and multiply by 6.5 hours a day = 39 hours. Also EMA 20...

LOL. Thanks man, I appreciate the kind words. I was not aware that there is an ET Cruise. I doubt I would go but its interesting to hear there is one. I think TA gets a bad rap because people think its all about some indicator and follow it blindly. People need to just keep an open mind...

I suppose. Whatever the reason I was once again correct on price plummeting soon and I am capitalizing on that. I am not sure how much more I will be updating this and the SHORT on AMZN trade. Both are clearly profitable and have made the moves I called for based on the charts. For now I plan...

Well that would explain it. But that would also explain why it showed up on the charts before it was announced on the news. SOMEONE knew about this and that's what is reflected in this bearish looking chart. Whatever the reason I could care less. I just want to know enough to be able to trade...

Wow. This one keeps getting more and more hated by the minute.

Not at all. It looks like an hourly chart showing a tired market and your "algo" should say to sell at that point (mid chart). Not after several red candles in a row showing broken support. Not an "algo" I would pay attention to.

I just updated that thread too.

And by the way that "galloping horse" crap sounds like someone trying to bait people into believing this so called analysis with stupid names to a formation that does not exist. That's not even a pattern I am familiar with.

Not much of a "face ripper".... LOL. Notice all the black and red hourly candlesticks. Mid day the stock still looks very weak. It could not even muster enough of a retracement past the horizontal resistance before rejected hard. Now slightly lower so far for the day. It may finish up or down a...

Your TA is leading you to chase. This is just guessing on your part. Sorry to be negative here but as someone who trades purely by TA I think your "algo" is late to the party and not worth listening to. It should have told you to sell at the top of this move down not after much of the move has...

Earnings are not scheduled until 1-20-17 so you must be referring to the last earnings report. As I have said before everything about the stock that is known is reflected in the price and is why TA works assuming the person doing the analysis knows how to read the charts. I did ZERO fundamental...

Kansas City Southern SELL rating reiterated by Eganon.... $78 PT. :rolleyes:

It's threads like this that make interpretation of TA look like voodoo. Looking at a picture in isolation tells you nothing. It's like looking at a photo of a car About an inch from the wall and claiming that it's going to crash. What if the car is stopped? You need to compare multiple time...

No worries. But, when did I ever give you the impression I am a perma-bear? I have already said I think markets will go higher. However, there is currently a pullback happening and I expect to make my money during this time. I also have indications that other sectors will be the winners in...

I appreciate the comments. I am aware that Ex-Div date was Friday. Dividend will be $0.33. Price should take that into account when trading resumes. Notice that price rose $0.40 when I added to my short position so that still effectively raises my overall price of the SHORT to $84.74. We will...

Only time will tell. Will update as the trade matures.

Do more of what works and less of what doesn't

TA wins again,....