Can you make sense of these technicals?

[padutrader]

I see you’re having fun.

yes of course
if I wanted to be rich I would not trade or play golf.

not doing both would have saved me over 500000 usd or maybe more.

I want to have fun what is point of being rich since you are dead soon enough

 

[padutrader]

saying technical does not work is like saying in the USA public transport does not work because I got into tram in San Francisco and it did not take me to London.

there is certain scope to technical and traders do not want to acknowledge that technical will not make a million usd in two weeks.

 

[bloomberg1]

so what you are saying is a 2000 tick move is a trend but a 120 tick move is not?

I am saying that these threads are unclear ...nonsensicle frustrating and probably somehow welcome opportunity for this site to keep " activity" up

 

[padutrader]

I am saying that these threads are unclear ...nonsensicle frustrating and probably somehow welcome opportunity for this site to keep " activity" up

well vote with your feet

there are many other places to be

 

[murray t turtle]

In an uptrend, look for buy signals only. Never sell.

But the opposite in a downtrend, right? Only look to sell. Never buy?

%%
Mostly right;
depends on the market or class.In my typing class, I remember I got close to a 64.777/65% hit rate. NOT good,'caus 65% is a falure LOL. OH by the way ''never'' is a long time; never say never or seldom say never................................................................................
NO offence intended, farmer Jon, but never buy in a downtrend is just plain wrong Plan on buying some to cover short or close out an ETF like SDOW. And after it clears 200 dma, may consider a buy; or always buy in a downtrend/bear, .

 

[farmerjohn1324]

%%
Mostly right;
depends on the market or class.In my typing class, I remember I got close to a 64.777/65% hit rate. NOT good,'caus 65% is a falure LOL. OH by the way ''never'' is a long time; never say never or seldom say never................................................................................
NO offence intended, farmer Jon, but never buy in a downtrend is just plain wrong Plan on buying some to cover short or close out an ETF like SDOW. And after it clears 200 dma, may consider a buy; or always buy in a downtrend/bear, .

Next step would be defining what timeframe and what "slope" of line constitutes a trend.

Then I can get started.

 

[padutrader]

In an uptrend, look for buy signals only. Never sell.

in a uptrend look for sell signals and fade them....they will fail. in fact one definition of an uptrend is numerous sell signals failing

 

[padutrader]

what "slope" of line constitutes a trend.

a trend is your friend.

but you rarely have one friend.....

like wise there are many trends

 

[padutrader]

"slope" of line constitutes a trend.

best of luck on that

 

[speedo]