Greed is a terrible master. Bezos has spread himself too thin for too long...
Amazon - SHORT opportunity H&S neckline will break today
- Thread starter AfterLOS
- Start date
Because I don't agree with you?
No, not at all - give it some thought - you trade futures on what? 1-min., 5-min.? - whatever, what's the first thing you need to do when you switch to a large frame - and why?
Price is price on all time frames. I trade crude oil intraday using the same method that I use for multiday swing trades of other instruments. No fanciful philosophy is gonna change the fact that I correctly called a rise in Amazon.
I'm not talking intraday or daily, I'm talking weekly and on weekly your chart stinks. No need to go on about $10 when you to the left is a $125 drop which you missed. Penny wise and pound foolish.
Why would I mention the $125 drop when you said that NOW is the time to go short? Short at the bottom of a trend channel? If anyone would have followed your recommendation, they'd be down. My chart "stinks" yet I've been right so far and you haven't. That being said, I have nothing else to say to you.
>>>>> It is probably worth mentioning that AMZN does not have the characteristics that we look for in a good short candidate <<<<<<
Which characteristics might those be, Sir?
Perhaps I've been under the mistaken impression that Price was the best guideline is WRONG?
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But you know me, I aim to please my worthy fundamental fellows with their own best medicines - so with that in mind here presented below in a torrent of hocus-pocus that I place in the category of PRICE's gardener, cook, valet, nurse, maid etc., the main idea to come away with is that PRICE is their boss. Now I could very well be wrong in saying the focus should be SHORT but I would only be so if PRICE takes out the swing high on DAILY thereby breaking the todavia nascent sequence of lower hi lower lo
Can AfterLOS, the worst trader in both hemispheres, be wrong? Do birds fly?
Here come the cook, the maid, the nurse, the valet etc., etc., and of course there must be a butler ...... enjoy amigos
TA is only one of the factors to be considered when deciding whether to short. It is very dangerous to short based on price alone. We are likely not on the same wavelength. If you are shorting intraday, then price is usually all you have to go by. I am talking about a longer range trade. Oh. I just noticed you said you were thinking in terms of a longer term trade. Then most definitely you want to consider much more than just price and TA.
The $125 drop is important because I've been SHORT since late 2013 and THAT is at the top of the weekly channel that you got WRONG because you're a 1-min. futures trader who switched to weekly and didn't even bother to change the scale to LOG = retard
Then you come in here and start ejaculating for a $2 rise after a $125 drop from the top = tells me you're just another worthless ET poser\pretender with no more than a $10k (at best) account. And what's even more disgusting to me is that you're not even in the AMAZON trade and you're oohing and ahhhing for a $2 bounce after a CRASH
Your Honor, in real life these pricks would be drop-kicked out the friggin window
I couldn't hold a short that long. As far as right now, 305 looks doable this week.