Here its comes the dump, no turning back. https://www.tradingview.com/x/mrvW3xZg/
DJIA will implode today - Next month 27k
- Thread starter klienten
- Start date
Watch your chart.
The idea that you think DOW is going to 33888 today or whatever stupid number your algo pulled out of its butt means that you don't understand how trading works. Is there a dude somewhere who will be right that some day is black <FOO>day where we get a -20% drop? Yes. Will he predict it again? No. He will spend the rest of his life trying to predict it again and failing every time.
I don't understand trading? All my adulthood I have had 1 job, trading. You don't know what you talking about, the ML aspect is something I'm learning, I wouldn't trust a single digit from it. I know in the future if I don't adapt and learn ML then I will put out of work.
The 33888 is my technical analysis intraday target, model validate it with a lower price target.
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Both are wrong. When you accept this, you will become a profitable trader.
Does this mean the model is not predicting price but instead predicting when the price will go down a lot?
It predicts future price but it will always show in the immediate future.
You talk about being a profitable trader, but you clearly can't even make a TA and seeing whats going on. Go away you are a pretender. DJIA is a technical nightmare.
OK I look forward to your new inverse calls.
Sorry I missed this. OK if you have been trading your whole adult life (however long that is) then you would probably have scratched the 33888 target after the price action yesterday. I like TA, but all bearish TA on all indices is VERY flimsy right now because the market is a very strong bull. So I mostly only use bullish TA and use bearish TA to know exactly where and how hard they are going to fuck the bears. For example, here is my $NQ TA
Do I think they're going to reject that line above? Probably not. But there are thousands of bears who will short that, get fucked, and then need to cover. And if it DOES reject, great, long way down, more than enough time to get into a short.
I personally hope you're right and that we get below 33888 today.