It may not be a chart pattern, but it is a pattern on a chart, complete with some psychology behind it.
In any event, I was going for comic relief.
Psychology behind Chart patterns?
- Thread starter traderday321
- Start date
In any event, I was going for comic relief.
why spend time studying the roots when you can simply pick the fruit?
pick some setups that are easy for you to see...test them to make sure they pass the probability test...then use them.
I know this sounds rude but I fear that I have wasted too much time reading books on trading, they really just do not help much at improving performance. sure some here and there can be good for various reasons, but in this topic in particular...what is a book on this going to do to make you money? Whether the price goes up or duwn is randomly distributed, how far it "typically" goes green can be found by tracking MFE (Max favorable excursion) and CANNOT be found in a book.
Do not mistake activity for achievement...reading a book is completely insignificant in comparison to doing the trades, and tracking the performance. Tracking sucks-> its tedious and tiresome...no wonder no one does it...no wonder no one makes money.
ps. I know it may read as though I am coming down on you hard OP but trust me this message is more a rebuke to myself than to you. I hold myself the most guilty but want to offer an opinion in the form of personal failure.
pick some setups that are easy for you to see...test them to make sure they pass the probability test...then use them.
I know this sounds rude but I fear that I have wasted too much time reading books on trading, they really just do not help much at improving performance. sure some here and there can be good for various reasons, but in this topic in particular...what is a book on this going to do to make you money? Whether the price goes up or duwn is randomly distributed, how far it "typically" goes green can be found by tracking MFE (Max favorable excursion) and CANNOT be found in a book.
Do not mistake activity for achievement...reading a book is completely insignificant in comparison to doing the trades, and tracking the performance. Tracking sucks-> its tedious and tiresome...no wonder no one does it...no wonder no one makes money.
ps. I know it may read as though I am coming down on you hard OP but trust me this message is more a rebuke to myself than to you. I hold myself the most guilty but want to offer an opinion in the form of personal failure.
oooh love the gif
What you are asking for is like a pair of x-ray glasses to play poker with. But these are some terrific writings for a decent price.
%%
LOL no wonder so few use line charts
Buts that's better than the'' psycho-bable illustration with out charts'' LOL
This may not work as well now -- since you published the line chart pattern= buy on red \LOL
But your #6 ''brilliant... buy [ sarcasm], double'';
better sell longs or inverse ETfs on that red trend line #6.
ON a more serious note to excel or exsell in selling better than that psycho-bablechart;
sell +#12 +# 13, never sell it all only @#12
.Good bye for today, anyway.Good buys = trends on WMT;
wow if they keep buying poorly run trash like TGT, NOV could up tick like 2018 bear.
Not a prediction.
There is no such book, skyler.
If you are looking for a mechanism of action with which to earn a living, go into physics, bio-physics, physical chemistry, Washington Lobbyist.
DREAMER
