Can you make sense of these technicals?

[padutrader]

what "slope" of line constitutes a trend.

you must understand that that institutions drive markets....they trade 85 % of the volume.

you must buy low and sell high.

for you to do that, some one has to sell low and buy high.

now 85 % or maybe 92% of the market is buying low and selling high.

NOW do you understand what trading is about?

go figure

it took me 13 years to figure it out

you came to Delhi... i am hardly 2 hour flight away from there.

but you think i am an idiot.

and you think there are geniuses on this site that will help you make a million usd: read this line at least 10 times then, you may realise, how absurd it sounds ......

 

[murray t turtle]

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

Then I can get started.

%%
WELL,FarmerJon200 you can skip slope// 65 day moving average WSJ uses/useless=its too little to late, for me. LOL!!!!!!! If one like DOW/DIA30,, 65dma may work/help sell newspapers.LOL-LOL However their [WSJ candlecharts]200 day moving average, I always pay attention to that, not that WSJ is as good as IBD/IBDWeekly...........................................................................................Prices + ETFs are subject to change, but I like 50+200 dma on UPRO........+ have those printed those on my UPRO chart. Investors Business Daily, actually a weekly newspaper, some times uses a 40 period[week] ma= I almost NEVER do that 40 ma. In an uptrending bull market, in UPRO,bull market started in 2019, so UPRO most likely goes up/UPTRENDS for 4 years.[Average age of bull market= 4 years]

 

[murray t turtle]

%%
LOL= NOT sure if that is some kind of new WSJ/ PE technical indicator ?? LOL,but TSLA sure had a lot of red marks/bars/candles today . LOL it sounds like fake news but I believe it; a TSLA, CA cop car stopped chasing crooks- cant go to far on a battery charge LOL-true,

 

[speedo]

%%
LOL= NOT sure if that is some kind of new WSJ/ PE technical indicator ?? LOL,but TSLA sure had a lot of red marks/bars/candles today . LOL it sounds like fake news but I believe it; a TSLA, CA cop car stopped chasing crooks- cant go to far on a battery charge LOL-true,

Deals like Tesla and Bitcoin remind me of March 2000's jerk back to reality.

 

[wrbtrader]

this constitutes the majority of traders.
if not all
because getting fundamentals is an expensive activity and if, a trader could spend that much money on it, why, on earth, will he be a trader.

I can name 12 active members at this forum including myself that use technical analysis with either fundamentals, key market events or with something that doesn't require charts.

Simply, it definitely doesn't involve all.

wrbtrader

 

[padutrader]

use technical analysis

you do use TA and whatever else also.

well I know markets are distributed and accumulated...everyone does.

it took me 13 years to find out how exactly they do it and how to know on charts when they are accumulating or distributing.

once I know that the fundamentals do not matter

 

[wrbtrader]

you do use TA and whatever else also.

well I know markets are distributed and accumulated...everyone does.

it took me 13 years to find out how exactly they do it and how to know on charts when they are accumulating or distributing.

once I know that the fundamentals do not matter

You seem to have it all figure out.

Therefore, you now a profitable trader ?

You're achieving your goals in trading ?

wrbtrader

 

[murray t turtle]

technical analaysis is analyzing price action. is the price going down or price going up?

QQQ is in as good an uptrend/bull market+ UPRO, 2, as any would could '' ask'' for.I always assume a mention means a position, but that is NOT a prediction.Tech trends seldom fail in 1st quarter, 4th quarter, even though they did in OCT, DEC 2018.UPRO may gain more + lose more-but that IS leverage for you LOL; barchart.com has both of those rated 100% buy short , medium,+ long term trend /green[/QUOTE]

 

[murray t turtle]

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

%%
LOL;
or put another way, buy SPY/UPRO in an uptrending bullmarket-that what we are in, as long as it closes above 200 day moving average. Some would say the 2019 200dma dips inUPRO was bearish + I agree............................................................................ And some sell signals di not really fail; some take partial profits, but may have to get back in LOL,

 

[padutrader]

You seem to have it all figure out.

Therefore, you now a profitable trader ?

You're achieving your goals in trading ?

wrbtrader

yes.

found what I was searching for 30 years.

the way I position size and use margin one mistake I blow my account.

I have always believed that if you know what 'they' are doing, you then remove the risk in short term trading