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oh wow so you are trading a channel? More often than not this is un-tradeable with stops.

How are you referring to fibonacci levels as untested? https://www.researchgate.net/publication/27827147_A_computational_exploration_of_the_efficacy_of_Fibonacci_Sequences_in_Technical_analysis_and_trading The Fibonacci sequence, and golden ratio is found all throughout nature...even in our...

60% is not a Fibonacci level. It's .618... But it's close enough. You don't have to do anything....it's already done for you. Save yourself all that time and binge watch Cobra Kai instead. :)

BNF said trading became like muscle memory. Until your reach that level you won't understand that level. :)

No nature has taken care of that for us with the Fibonacci sequence. It's nature's Quant.

What do you think I'm a one-trick pony? :) In TA, as in chess you need to understand and recognize all the patterns to be able to adjust to them accordingly. Cup and handles, cyphers, Elliott wave, Wyckoff, stage analysis, order blocks, candlesticks, chart patterns, sr7's etc. Etc. I just...

Let's all just pick a symbol and have a chart off? Let's use IWM and pick where price will be x amount of days from now. :) Here I'll go first. I suppose instead of a chart off this could be called a Wyckoff :)

I have made the most legendary calls on this site...not a huge brag considering the company around here when it comes to TA...

It's frustrating trying to explain to somebody how they are wrong when they don't have a basic understanding of how price moves. Hey is this how P feels when he's trying to explain options to people???

Wrong.

Wrong.

No a Gallardo Spyder.. black.

Yes. You'll never hear a successful person say they don't talk shop after work. I could talk trading 24/7...I hate weekends and holidays . If you don't let it consume you, you'll never be able to compete with the people who do... As it is with any endeavor.

? Lol the problem isn't defining it...the problem (for the TA challenged) or as you refer to them as technicians, is understanding those levels versus drawing random lines on the chart. :)

Does it quickly become as boring as Death? Is eating boring? Does the pressure take it's toll? What pressure? Never realize a loss and never feel any pressure. Did it hurt your Sex life? What sex life? I drive a (2008) Lambo not a 2018 Lambo. :) Also, are we talking day trading? Then yeah...

Are you joking? I just explained how S&R/Supply and demands zones don't exist. I legit feel I could walk into any funds quant department and end their careers by saying, "Hey guys, you ever heard of a Fibonacci retracement tool? :)

I like to refer to Fibonacci levels as natures quants. :)

Support and resistance, supply and demand zones are just a crude way to explain price action. For example. Price did not "bounce" of resistance here, it reached a statistical retracement level. It can also retrace .5 or .618, where you would think once the S&R level/zone was broken that...

What are you talking about? Just look at my spreads versus butterfly thread. I'm literally trading a swing in a triangle that you punters haven't even recognized as a triangle yet. Lol Or look at my Bitcoin charts where I projected 3 months in advance where price would be to almost the day...

Of course they exist...but not in zones or levels that can be derived by simply looking at previous zones or levels.