Well said.
Price TA... Trade What You See!
- Thread starter Scataphagos
- Start date
This posted in OP's thread. In response nothing but crickets.
"Do trendlines work?" + Confluence of support... SP 4200?
So I'm beginning to think as well OP is full of blusterous wind.
Who are you calling stupid and on what basis?
And why doesn't this statement apply to this thread?
You only stated it last month.Whats changed?
- speedo
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Last edited: Sep 6, 2023
#423 Sep 6, 2023Report
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PPC and comagnum like this. - 7,214
You sound a little defensive Frosty, why the chill? It's only ET, don't let it rattle you.
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Gotta love the newbies defending Scat for his valuable teachings... 
I don't see many in this thread saying TA does not work.
I think what irks most people is drawings on yesterday's chart chock full of contradictory signals claiming KISS TA requiring no skills (Scat's words) will make you rich.
To be clear, I never said trend lines or even S/R don't have any value, but it no doubt takes a lot of skill to navigate the markets successfully.
Let's just look at this last inflection point from a major trend line touch.
Price initially bounced for a + 90 point move, then down - 120 points and finally a + 105 point move on Friday. With a lot of range bound action in between as this entire move took 8 days.
That's a ton of gyrations to navigate where a KISS TA approach would be chopped to pieces and Scat's account margin called by the time the market finally made a move.
And even now? Where are we? Where do we exit?
Is the market now ready to continue rallying through October? If the market pulls back on Monday is that just a pullback or is it a reversal?
The Scat students should be able to answer this easily and trade successfully if the 'KISS TA method' had any value in and of itself. It doesn't.
At best, these observations could make up a small part of your toolbox/method.
I don't see many in this thread saying TA does not work.
I think what irks most people is drawings on yesterday's chart chock full of contradictory signals claiming KISS TA requiring no skills (Scat's words) will make you rich.
To be clear, I never said trend lines or even S/R don't have any value, but it no doubt takes a lot of skill to navigate the markets successfully.
Let's just look at this last inflection point from a major trend line touch.
Price initially bounced for a + 90 point move, then down - 120 points and finally a + 105 point move on Friday. With a lot of range bound action in between as this entire move took 8 days.
That's a ton of gyrations to navigate where a KISS TA approach would be chopped to pieces and Scat's account margin called by the time the market finally made a move.
And even now? Where are we? Where do we exit?
Is the market now ready to continue rallying through October? If the market pulls back on Monday is that just a pullback or is it a reversal?
The Scat students should be able to answer this easily and trade successfully if the 'KISS TA method' had any value in and of itself. It doesn't.
At best, these observations could make up a small part of your toolbox/method.
You're having a go at Scat, essentially saying Support n Resistance, TLs and Channels don't work, and you're using more Lines than Keith Richards on your Charts.Gotta love the newbies defending Scat for his valuable teachings...
I don't see many in this thread saying TA does not work.
I think what irks most people is drawings on yesterday's chart chock full of contradictory signals claiming KISS TA requiring no skills (Scat's words) will make you rich.
To be clear, I never said trend lines or even S/R don't have any value, but it no doubt takes a lot of skill to navigate the markets successfully.
Let's just look at this last inflection point from a major trend line touch.
Price initially bounced for a + 90 point move, then down - 120 points and finally a + 105 point move on Friday. With a lot of range bound action in between as this entire move took 8 days.
That's a ton of gyrations to navigate where a KISS TA approach would be chopped to pieces and Scat's account margin called by the time the market finally made a move.
And even now? Where are we? Where do we exit?
Is the market now ready to continue rallying through October? If the market pulls back on Monday is that just a pullback or is it a reversal?
The Scat students should be able to answer this easily and trade successfully if the 'KISS TA method' had any value in and of itself. It doesn't.
At best, these observations could make up a small part of your toolbox/method.
View attachment 324678
View attachment 324679
Wait till the Market settles down due to the Israell/Oil situation and I may make some calls for you, with or without SnR, TLs, Channels etc.
The more people using SnR, TLs and Channels the more they're going to work. Let Scat post his SnR etc stuff I say.
If I thought someone like you was trying to call me stupid,I would have gone back lot further than a few weeks to expose you.
After all,lets not forget:Losers find sad solace in the belief that everyone is a loser.
This place lolIf I thought someone like you was trying to call me stupid,I would have gone back lot further than a few weeks to expose you.
After all,lets not forget:Losers find sad solace in the belief that everyone is a loser.
Gotta love the newbies defending Scat for his valuable teachings...
I don't see many in this thread saying TA does not work.
I think what irks most people is drawings on yesterday's chart chock full of contradictory signals claiming KISS TA requiring no skills (Scat's words) will make you rich.
To be clear, I never said trend lines or even S/R don't have any value, but it no doubt takes a lot of skill to navigate the markets successfully.
Let's just look at this last inflection point from a major trend line touch.
Price initially bounced for a + 90 point move, then down - 120 points and finally a + 105 point move on Friday. With a lot of range bound action in between as this entire move took 8 days.
That's a ton of gyrations to navigate where a KISS TA approach would be chopped to pieces and Scat's account margin called by the time the market finally made a move.
And even now? Where are we? Where do we exit?
Is the market now ready to continue rallying through October? If the market pulls back on Monday is that just a pullback or is it a reversal?
The Scat students should be able to answer this easily and trade successfully if the 'KISS TA method' had any value in and of itself. It doesn't.
At best, these observations could make up a small part of your toolbox/method.
View attachment 324678
View attachment 324679
It is only a small part of it.
Where do you recommend someone starts?
How sure are you that your recommendation will be more useful or profitable?