TA question often asked... "Do trendlines work"?

SimpleMeLike said:
Hello longandshort,

Hindsight, blindsigh, asssight, dicksight, who cares about all that stuff. What Scat offered is free, logical and practical enough to make some money for the pocket. And what the heck else is out there to make money from besides Price TA. lol

Just click the chart man and make your best guess.

Full Disclaimer : I am currently a Losing Trader so far of about -$4,800 on the fiscal year of 2023. Let's see how the next 2 months go. My comments are not worth a penny with a hole in it because I am losing trader right now
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While you follow Scat and lose money, I’ll do what I do and make money. :-)
 
longandshort said:
While you follow Scat and lose money, I’ll do what I do and make money. :)
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Hello longandshort,

I enjoy Scat post and I do not trade directly as he illustrates. But I enjoy his illustrations.

My trading losses have turned around greatly this year. I am actually doing extremely well in my day trading. Very well actually.


Full Disclaimer : I am currently a Losing Trader so far of about -$4,800 on the fiscal year of 2023. Let's see how the next 2 months go. My comments are not worth a penny with a hole in it because I am losing trader right now
 
longandshort said:
Nope. Great in hindsight but not useful otherwise. You can use 250day and 20day sma’s to track momentum, but it’s not a great trading signal on a per stock basis.
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I think you should just stick to your usual EPS, P/E , EBITDA, and leave technical analysis to us grownups. :D
 
Scataphagos said:
Here's one from this morning. Clear "trendline support play". How long will it hold... how far will it run? Nobody knows. All you get to know is the start*. After that, you have to "play it by ear".

View attachment 328015

*Knowing the "start" or "possible/turn" is a HUGE edge. If you can't get off on that, you might as well go flip burgers. The market is NEVER going to offer-up more than this!!

Classic "Price TA"... KISS, baby!
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I prefer horizontal levels.
IMO, price bounced because of the levels to the left.
Broken resistance becomes support.


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schizo said:
And YOUR own trading performance? I don't recall ever seeing any. Need I say anymore?

Why are there so many folks here who care more about other's problem when they can't even solve their own? Get your own house in order first. :rolleyes:
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My ytd sharpe is 3+ :-) Doing great ty.
 
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