How can you even claim that technicals matter?

[lovethetrade]

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OK;
what if he is only 97% + right?? Thats close enough to 100% for me= price + fund da mentals are about 200% more important than almost all news.[Even if the hype turns about to be party right-AMZN/tech can do real well with stay @ homes...

Only problem for me with AMZN is technically it looks like it should be < 1600 even though it bounced near that price in March.

I'm actually a keen buyer at 1400 for a 60-80% ROI.

 

[cornerstone]

What's the #1 thing moving markets lately? Coronavirus.

Is there any way to have predicted that? Of course not.

And before that, it was Iran.

corona makes the market move but TA and price action can tell where it probably stop for a while, reject maybe, will fule the move and so on. watch key factors of TA and Bookmap for price action and you will that even corona need to answer to something.

 

[farmerjohn1324]

corona makes the market move but TA and price action can tell where it probably stop for a while, reject maybe, will fule the move and so on. watch key factors of TA and Bookmap for price action and you will that even corona need to answer to something.

Can you give some recent examples? Preferably ones that you profitably traded from?

 

[murray t turtle]

Only problem for me with AMZN is technically it looks like it should be < 1600 even though it bounced near that price in March.

I'm actually a keen buyer at 1400 for a 60-80% ROI.

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Tech ETFS tend to be s strong /1st quarter/last quarter, I tend to buy them. Havent charted AMZN lately...…………………………………………………………………………………………………………………...

 

[cornerstone]

Can you give some recent examples? Preferably ones that you profitably traded from?

$IFMK on 03/19/20, grocery store stock that gaped because of the rush to buy products as to covid-19 panic. enter short on 2.3 1st trade and on 2.55 at 2nd.
can show you my tradervue chart

 

[systematictrader]

What's the #1 thing moving markets lately? Coronavirus.

Is there any way to have predicted that? Of course not.

And before that, it was Iran.

u couldnt predict the why but the where yes, MACD gave a sell signal at the very top on daily chart, and in just about every top it did