TrendSpider_Jake
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The SPY is showing signs of a bottom on longer-term support but the shorter term wedge resistance is holding up. Is this just a dead cat bounce or a strong W formation in the works?
Do you think the markets are nearing a bottom?
- Thread starter TrendSpider_Jake
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TrendSpider_Jake
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This is the longer-term channel on SPY shown on the weekly candle.
In your first post, that tops line is relevant. The bottoms line????
In your second post, the channel is relevant. All ETers should be aware of this!
In your second post, the channel is relevant. All ETers should be aware of this!
TrendSpider_Jake
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Two completely different time frames friend. Daily candle on top... Weekly candle on the bottom.
Are you talking about your bottoms line? If so, please explain. (Weekly vs Daily candle is also irrelevant.)
I'm trying to help you. Most ETers don't have a clue, and they could use one. But you'll need to explain the relevance of your bottoms line... I don't see it at all.
I might have bought your software if I didn't already have some similar.
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I think tech is still overpriced. Sell the rally's.
TrendSpider_Jake
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First post: Daily candle. Second post: Weekly candle. These charts are going to show two separate things.
No, they are not. Unsatisfactory explanation.
Candle patterns are not as relevant as the weight you're giving them. (I bought Nisan's book 20 years ago. I'm familiar.)
Candle patterns are not as relevant as the weight you're giving them. (I bought Nisan's book 20 years ago. I'm familiar.)
TrendSpider_Jake
Sponsor
I'm sorry. I will be ending this conversation after this. Here is proof the two charts above are 1. Daily candles and 2. weekly candles shown by timeframe D and W. Not sure what else to say here. Happy trading.
Fair enough. I will stop trying to help you.
FWIW... All of my charts are candlesticks. I've used them for so long, they seem the "natural" way to display price charts. However, I don't get ANY useful trading information from "candlestick formations". At best, they may reiterate something a good trader got earlier. At worst, they are irrelevant to trading.
To sell your software, you need to focus on its strengths. "Candlesticks" are not that.
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