Death Cross

[padutrader]

n that regard, the first books include
TA by Edwards and Magee
Wyckoff Method
Ralph Elliot (Wave) published by Robert Prechter.

been there

done that
wykcoff is a joke...Prechter is a perma bear nut case

traded elliot for 5 years.....used advanced get software that plots elliot waves....all bull

works sometimes so that fools you

my experience; do not take it personally: i have 30 years experience of foolishness in trading

 

[countryBoy641]

I didn't say which would make you successful.
I said which books were first.

Other post states that Nison (candles?) was first.
I was registered 7 in April 1982. Candles didn't exist in 1982.

 

[maxinger]

Too many trading books worshippers in here.
decades ago, I was one of them too.

better get out of this thread.

 

[SunTrader]

.... Candles didn't exist in 1982.

In your mind only.

 

[deaddog]

i agree
but Bulkowski clearly has shown through his research that patterns are 60% successful AT THE MOST : Bulkowski's Blog (thepatternsite.com)

60% is fantastic if you make twice as much on your winners as you lose on your losers.

 

[murray t turtle]

Trying to learn a new TA pattern. Is this a death cross on LYFT?

Also, what else bearish indicators do we see here? Possibly a rising wedge?


View attachment 267787

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Typical SEPT sell in stocks..................................................................................

 

[countryBoy641]

In your mind only.

Candles didn't exist in U.S. markets, which are the only markets that matter, then and now.
And candles, (somekind of shorthand for trading rice) are borderline useless in manipulated markets, which is all we have now.

 

[Collagen]

If you are going to lecture about patterns, I suggest you base it on facts.
The securities industry started "under the buttonwood tree" .. at Wall and Broad.
At that time, and even today,
the U.S. was unique in championing private property rights,
on which the concepts of securities (stocks AND bonds) were founded.
It did not happen in some other country.
It happened in the U.S.

In that regard, the first books include
TA by Edwards and Magee
Wyckoff Method
Ralph Elliot (Wave) published posthumously by Robert Prechter.

Rule Number One of Trading: It won't work if you are confused.

Well I am not going to 'splain all the story. Just read the Nison book and Hopefully You will learn something. BTW what You have posted is not related to "pattern recognition" which are based on candles pattern. (specifically Japanese candles)

Chartist analysis whatever You think started in Asia and specifically as I said, in the rise market beginning of 9th century in China. Nison has been the individual that brought some light on the west about some of these configuration and (to some degree) way of trade it. (japanese style) Then like mushrooms, all suddenly, started a literature in the western.. Mainly based on what Nison wrote in his book.

Western has relied mainly on statistical mathematical approach with regard to technical analysis, which is still the dominant way to trade. While Asia especially China-Japan (but also Korea) has relied a lot to many different technique based on CHARTS, also called Chartism.

 

[Collagen]

Candles didn't exist in U.S. markets, which are the only markets that matter, then and now.
And candles, (somekind of shorthand for trading rice) are borderline useless in manipulated markets, which is all we have now.

only markets that matter.. HAHA

 

[Collagen]

I didn't say which would make you successful.
I said which books were first.

Other post states that Nison (candles?) was first.
I was registered 7 in April 1982. Candles didn't exist in 1982.

Candle existed way way before.. Just.. well.. You were not aware.. Anyway I am done, have fun with you moving average on the spy.