have you ever read the edwards mcgee book?do you even know what an inverted hs looks like???Obviously not and nor does the idiot in the video...That chart doesnt come close to an hs ...people using esoteric terms not even knowing basic crap about charting is basically what the problem is with a lot of ta and charting-everybody bends the rules to suit their predictions...what a joke...
Inverted head and shoulders on the SPX?
- Thread starter fantastic4
- Start date
have you ever read the edwards mcgee book?do you even know what an inverted hs looks like???Obviously not and nor does the idiot in the video...That chart doesnt come close to an hs ...people using esoteric terms not even knowing basic crap about charting is basically what the problem is with a lot of ta and charting-everybody bends the rules to suit their predictions...what a joke...
Quote from AMT4SWA:
Filled additional positions at 871.50s....first target now at 864.00
So based on your posts, you fight the trend by continuing to average in each time price goes further against you, and you never use stops? All right in front of the FOMC announcement?
The news had the market trade to 868's so I cycle positions out and clear out remaining at b/e plus one tick on each new high attempt.......Short positions I have on now are at 873.50 and 874.50. Positions entered just above the previous high.......I will will keep doing this for each new high for today. First major target is now at 868.00 for just over 5 points.Quote from sandygray66:
So based on your posts, you fight the trend by continuing to average in each time price goes further against you, and you never use stops? All right in front of the FOMC announcement?
BTW....I do not FIGHT the major trend.....DOWN.