How can you even claim that technicals matter?

vanzandt said:
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See what I think many don't understand is that a chart is a manifestation of what people think about a stock. That's due to a stock's fundamentals. T/A however builds upon that by using tried and proven methodology to predict its next move. Look at a chart of CMG right now. Its in a consolidation phase. People are taking profits and new buyers are coming in as the story remains strong. All things being equal, stocks tend to break upward after a consolidation phase. Now... can T/A be wrong? Sure. CMG remains one lettuce leaf away from another food scare that will tank the stock. T/A can't predict stuff like that.

But it can predict (for the retail trader) what the big money players are thinking and doing with their money in advance of a major company event like an earnings report. This kind of money has access to research and leaks that you or I don't have, so in that regard, T/A is very worthwhile. I suspect it will predict the end of this Coronavirus scare in advance of anything you or I will hear on the news and that will be manifested in a strong reversal of our indexes. That's the kind of research I'm talking about.

But whatever... I wouldn't disregard major T/A levels be it a stock or and index. Or F/A. You have to blend the two. Its a fine art. If you figure out a better way let me know.
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Well there goes CMG... as advertised.
 
Nobert said:
,,Unfortunately, I don't have time to watch charts at all."
- farmerjohn1324

Man states this in page 2.
How da hell topic has 34 pages.

I made this mistake for few years, where i was trying to help people, who didn't want to change.

Pure waste of personal time/energy.

Meanwhile, losers make excuses.

View attachment 218520
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Yeah, I caught that statement by him too. His statement puts everything in context but many choose to ignore via their many chart examples of what they think he should be looking at as if they'll be able to convince him to give daytrading another chance. Others make offers of personally helping him without them knowing about other issues this trader has that the trader chooses to not disclose.

Simply, like any other forum...many traders are not going to disclose other issues not related to trading that's impacting their trading results and the other person offering help should not be putting their self in a potentially waste of time/energy or dangerous situation.

These types of people just need to be left alone...nothing you can do to help them.

More importantly...they are not asking for help which is what many here are clueless about.

wrbtrader
 
wrbtrader said:
Yeah, I caught that statement by him too. His statement puts everything in context but many choose to ignore via their many chart examples of what they think he should be looking at as if they'll be able to convince him to give daytrading another chance. Others make offers of personally helping him without them knowing about other issues this trader has that the trader chooses to not disclose.

Simply, like any other forum...many traders are not going to disclose other issues not related to trading that's impacting their trading results and the other person offering help should not be putting their self in a potentially waste of time/energy or dangerous situation.

These types of people just need to be left alone...nothing you can do to help them.

More importantly...they are not asking for help which is what many here are clueless about.

wrbtrader
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Amen.
 
Nobert said:
,,Unfortunately, I don't have time to watch charts at all."
- farmerjohn1324

Man states this in page 2.
How da hell topic has 34 pages.

I made this mistake for few years, where i was trying to help people, who didn't want to change.

Pure waste of personal time/energy.

Meanwhile, losers make excuses.

View attachment 218520
More...

Because I have a REAL business that I run. Not staring at charts.
 
wrbtrader said:
Yeah, I caught that statement by him too. His statement puts everything in context but many choose to ignore via their many chart examples of what they think he should be looking at as if they'll be able to convince him to give daytrading another chance. Others make offers of personally helping him without them knowing about other issues this trader has that the trader chooses to not disclose.

Simply, like any other forum...many traders are not going to disclose other issues not related to trading that's impacting their trading results and the other person offering help should not be putting their self in a potentially waste of time/energy or dangerous situation.

These types of people just need to be left alone...nothing you can do to help them.

More importantly...they are not asking for help which is what many here are clueless about.

wrbtrader
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I definitely don't have time to watch charts all day. Even if I did, I wouldn't want to. What kind of life is that?

And never did I even consider meeting someone from this site.
 
wrbtrader said:
Yeah, I caught that statement by him too. His statement puts everything in context but many choose to ignore via their many chart examples of what they think he should be looking at as if they'll be able to convince him to give daytrading another chance. Others make offers of personally helping him without them knowing about other issues this trader has that the trader chooses to not disclose.

Simply, like any other forum...many traders are not going to disclose other issues not related to trading that's impacting their trading results and the other person offering help should not be putting their self in a potentially waste of time/energy or dangerous situation.

These types of people just need to be left alone...nothing you can do to help them.

More importantly...they are not asking for help which is what many here are clueless about.

wrbtrader
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Posting setups is unlikely to sway the dopes but it may have a positive effect on the noobs demoralized by the dopes....that's the hope anyway.
 
speedo said:
Posting setups is unlikely to sway the dopes but it may have a positive effect on the noobs demoralized by the dopes....that's the hope anyway.
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Are you sure I'm a dope? I guarantee I make more money than you do.

Perhaps I'm smart enough to see that this is too much like gambling to ever risk large quantities of real money on???
 
farmerjohn1324 said:
I definitely don't have time to watch charts all day. Even if I did, I wouldn't want to. What kind of life is that?

And never did I even consider meeting someone from this site.
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Don't take the offers I've seen a few post so far...run away...seriously.

farmerjohn1324 said:
Because I have a REAL business that I run. Not staring at charts.
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Others here too and don't assume just because someone post "one chart" that they're staring at charts "all day" as in 24 hrs per day. Seriously, everybody here has a life too and some are also business owners but they just don't talk about it...they prefer to instead talk about trading at a trading forum instead of that "other job".

In contrast, at another forum related to their business...I'm sure they aren't posting charts nor talking about trading. :rolleyes:

Knowing a little background on a few in this thread...I count 3 other business owners to go along with you...that's a total of 4 business owners in this thread alone.

wrbtrader
 
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