100% PERFECT TA setups... If you're not watching for these, you might as well go flip burgers.

hilmy83 · Oct 13, 2023

Scataphagos said:
NOT subjective at all!!!

Ok, then count me among the morons who don't get it.

I'm tired of this level of TA stuff...

TGIF

Scataphagos · Oct 13, 2023

Georpe said:
The down arrow is the test of the breakout point after the low was tested. He presumably didn't sell because it didn't hit his defined resistance.

A lesson... "His" defined resistance may not be the market's resistance. Often, "close" is "close enough".

Scataphagos · Oct 13, 2023

Georpe said:
The down arrow is the test of the breakout point after the low was tested. He presumably didn't sell because it didn't hit his defined resistance.

Whether he or anybody sold or didn't... the down arrow marked resistance and a turn down. There is ZERO valid argument against... it is documented FACT!

savoir · Oct 13, 2023

Burger flippers are set to make $20 per hour starting next April. Gonna need to come up with a new put down.

Scataphagos · Oct 13, 2023

savoir said:
Burger flippers are set to make $20 per hour starting next April. Gonna need to come up with a new put down.

I'm a former "pooper scooper:... for whom do I plead for a pay raise?

Georpe · Oct 13, 2023

Scataphagos said:
Whether he or anybody sold or didn't... the down arrow marked resistance and a turn down. There is ZERO valid argument against... it is documented FACT!

Ok. I wasn't disagreeing...

destriero · Oct 13, 2023

Scataphagos said:
Jesus crimeny... how stupid can you be? (1) YES.. sell longs or go short on the obvious down arrow.! (Why? Because it's a "technical bear pivot") (2) The "down channel line" (not known at this time) was not the indication... merely my future reference... may/not come into play later if there is a subsequent test. The "tradeable indication" was the "bear pivot". If you don't know that that is, suggest you learn Price TA.

BTW.. I am NOT teaching Price TA. I only point out the OBVIOUS... THAT IS... ONES SO OBVIOUS THAT EVERY (GOOD) TECHNICAL TRADER ON THE PLANET SEES AND PLAYS IT! (The "easy money"... the "finding money in the street" money.)

(And you didn't? And you're giveing giving me shit about it?) For whatever you think is "wrong", you need to look into the mirror. I'm just the messenger.

100% you're not trading any of this stupid shit.

murray t turtle · Oct 13, 2023

savoir said:
Burger flippers are set to make $20 per hour starting next April. Gonna need to come up with a new put down.

%%
Burger flippin' or home flippin' is a good business ;
not doing those now.
MCD is an 88% sell,[ 8% buy];
SPY is an 8% buy [ LOL 92% sell] rated by barchart.com technicals + stuff.
In fairness to burger sector dont know about the other burger flippersLOL

About 30 minutes to regular market close.

smallfil · Oct 13, 2023

There is no such thing as 100% perfect setups. Thomas Bulkowski in his Encyclopedia of Chart Patterns book tested numerous chart patterns. A lot them have a 51-52% win rate and others winning only on 47-48% of the time. Add to that slippage on when you get out of losing as well as winning trades, the chasm between success and failure is huge. Keep dreaming. A sucker is born every minute.

smallfil · Oct 13, 2023

savoir said:
Burger flippers are set to make $20 per hour starting next April. Gonna need to come up with a new put down.

That $20 per hour is guaranteed, net of taxes, it is not much. However, placing bad trades is a much more risky endeavor. You are probably, losing $500-$1,000 for each bad trade, maybe even more.