Patterns that don't work anymore

Who's bragging?

I know a number of guys here who make way more than I do and they participate in the forums. But if I told you I use the macd and didn't make good money it would be a lie.

That's okay. Most everyone who has read my posts and has been here for more than a month or so knows that I have long professed my love for the macd and ma's. I have even posted some great ways to use them. But I too would love to have the original stuff you have accumulated so if you don't contact Jordan, and want to rid yourself of that material about such a useless indicator, don't hesitate to contact me.

Of course the good thing is, you won't be competing with me for entry using the macd.

:)
 
Seems that the Patterns are still there - just like they always were, but question is,,, has the PROBABILITY of which way the following move will occur,,,, Changed ? and if so, Why so? Volatility ? And doesn't each security react uniquely ?

How about,,,Trend Lines,,, aren't they Patterns too ?
( don't tell me these don't werk either - damn. )

Head & Shoulders - does it "FAIL" if it eats into the neckline one time - or is that where you add the 2nd part of your position ( if you got the cajones ) - or how about the 2nd or 3rd time it eats into the neckline - do you add more again, or is that where you have boiled huevos with yor wup ass ?

Money Management is the Pretty Sister of Tech Analysis. Cut quck, run far - that'll work and not another.

I want to see the TREES - AND the FOREST - they are rather inseperable . $$$$
 
Here's the thing with the current market:... well wait...

Before I start, I'll have to add that the market has not changed. I'm just guessing most of the people in here have only traded for less than 5 years and only traded equities or indexes. From that assumption, I guess they've never traded a market condition like this.

Before we start, a lot people need to understand one thing about technical analysis. It's very simple but it's very lightly looked. It's that the Tech. Indicators are based on 4(5+6) numbers. It's Open, High, Low, Close, and Volume(for some also Open-Interest). Now we take these numbers whether it be current or whether it be for a certain amount of time, we change it around to make it a signal.

There's one important number out of this. It's the close. The close has the most signficance out of these. The funny thing is that most indicators bases the buy and sell signal based on where the close is relative to the past series of True Range or Standard Deviation.

In another words, most buy/sell signals are based on the relativeness of where it is in the range of accumulated TR or SD. If it's high up it's a buy, if it's low down then it's a sell. OK, to make it simple, the signals occur in a Doji-like relation with the TR or SD...

Now, the market actually does not follow the "pattern" so well. It usually fakes out a move like Turtle Soup(+1), but the difference between "past" is:

1. "Key" bar pattern that are probable of giving people signal are distorted.

2. The fakeout retracement is volatile and has larger swings than before.

One market you should study is Japanese Yen 6-7 years ago. Also, some of the grains were in this type of market before the current long-term swing started. It's a typical bottoming out pattern in all markets. Like in Japan it went lower.... in grains it went up. The market is trying to seek it's base and these markets are performing just like any market there is, in any condition of basing.

Well, good luck....
 
This thread was doomed from the beginning. Someone put it out of its misery.

It also looks like Jordan is asking a rhetorical question. Of course, that depends on what the definition of is is.
 
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