so when you bought & sold SAFE based on this indicator, what was your entry, exit and profit this time? Over the last 50 trades what was your aver P/L per trade? If you don't trade it why should we?
You misunderstood the intent of my post. Perhaps I should have put the words “Tongue in cheek” somewhere. I did have a followup post planned on the expected response by the OP, but I will discuss it here.
For all the indicators, chart patterns, or other types of analysis out there, those who have obtained “Situational awareness” through experience and intelligence will often have a sense of an impending move in certain situations, regardless of what a chart or news event may look like. It is at this point, the risk to reward and timing is best.
Consider the following statements:
“They broke their (Business) model”. - Comment after the takeover by a hedge fund of a upscale department store chain in regards to management’s decision to severely cut costs, and ultimate bankruptsy of company.
“How can a energy trading company have such a reliable record of earnings growth, be so widely promoted, yet sell for so cheap”? - Comment on Enron several months before their crash.
“Why in the hell is management spending XX billions of dollars on that” - Recent example, NVDA. Odds are, some are questioning NVDA’s management or risks of acquiring a large company right now.
“Holy shit, this product changes everything”. - Comment on NVDA on the week of NVDA breaking out of a downtrend to substantial long term outperformance.
“If you don’t see this as capitulation, you are never going to see it”. - Said by floor trader on day of long term market bottom. I wonder what the chart looked like on that say? (I’m being facetious).
But what do I know? I’m just a truck driver trying to figure out how to get this truckload of toilet paper delivered on time by finding a way of using an exception in hours of service requirements.