"Price TA" Traders Dream Market Come True...

Scataphagos said:
Since the market broke away from its "nothing can go wrong... no downside volatility because the Fed has the market's back... just BTFD market", appears to have ended (January 29?)... the stock market indices have traded like a teenager's "wet dream come true".... and quite frankly like they always have... it's just been less obvious recently.

February has not been, "does TA work at all?"... does "price TA really work?"... it has been RED LIGHT FLASHING, HORN BLARING OBVIOUS!

(I'm sure this post will give the "TA doubters" a bout of apoplexy... but the truth is still the truth.)

If you didn't see that, suggest hitting the books a little harder.



:)
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So your point is that Basically this is the first month in a Long Long Long time that you made any money. and now TA works...
TA was always working...When was it not working...Look at the Chart of BA, AMZN, SQ, IPGP...
If you missed the Bull Market too BAD..Hope you do better now in Choppy markets..Maybe you are not a trend trader..but a support/resistance type of trader
 
ehsmama said:
So your point is that Basically this is the first month in a Long Long Long time that you made any money. and now TA works..
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To even suggest such a thing is enough to get you on my ignore list. "Price TA" works... now and always has... if you only know how to read it. If you don't and wish to "poo-poo" it... well, that's your problem.
 
tomorton said:
Missing out on the uptrend that the US indices were in up to the end of January is hard to understand.
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....except that most hedge funds did just that..

But I'm sure you were 200% long, timed the exit and the bounce perfectly. LOL. why don't you put up your last 6 months statements ?
 
sss12 said:
....except that most hedge funds did just that..

But I'm sure you were 200% long, timed the exit and the bounce perfectly. LOL. why don't you put up your last 6 months statements ?
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I was indeed long with multiple pyramided positions on the Dow, the Nas100 and the S&P. These all got stopped out as price fell back and hit my trailing stops, and I was happy to bank the profits. I didn't predict the top, I can't reliably draw tops and bottoms ahead of price. But as I always say, in an uptrend be long, in a downtrend be short.

But it is hard to understand how some traders (any trader) could have missed the equity markets bull trend.
 
ehsmama said:
So your point is that Basically this is the first month in a Long Long Long time that you made any money. and now TA works...
TA was always working...When was it not working...Look at the Chart of BA, AMZN, SQ, IPGP...
If you missed the Bull Market too BAD..Hope you do better now in Choppy markets..Maybe you are not a trend trader..but a support/resistance type of trader
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I didn't see him ever say TA wasn't working, simply that this has recently been very good trading for someone who trades using TA. People read way too much into things.
 
tomorton said:
I was indeed long with multiple pyramided positions on the Dow, the Nas100 and the S&P. These all got stopped out as price fell back and hit my trailing stops, and I was happy to bank the profits. I didn't predict the top, I can't reliably draw tops and bottoms ahead of price. But as I always say, in an uptrend be long, in a downtrend be short.

But it is hard to understand how some traders (any trader) could have missed the equity markets bull trend.
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"(any trader) could have missed the equity markets bull trend."........with such certitude and confidence surely you wouldn't mind posting some statements ? Maybe help educate the masses......

#15 21 minutes ago Report
 
sss12 said:
"(any trader) could have missed the equity markets bull trend."........with such certitude and confidence surely you wouldn't mind posting some statements ? Maybe help educate the masses......

#15 21 minutes ago Report
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The only statement I intend to post is "In an uptrend be long, in a downtrend be short".
 
sss12 said:
I'm not surprised. Another internet hero !
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Well realistically, trend following is not rocket science. Anybody with a chart can do it, even me. I've posted on this often enough but very few traders believe that serious money can be made from trend-following. Beyond that I've posted often on pyramiding winners, which most traders regard as highly risky and effectively likely to gamble away profits through greed.

I'm happy to keep posting for people who are not dead set against these two principles, in case it brings them some profit as it has me.

But honestly, I deserve no credit for spotting a multi-year uptrend and riding it. It took no brains and no balls. How did you do yourself over the period? Do you trade the indices?
 
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