technical analysis quote from Top Trader book

wxytrader said:
There's no such thing as fundamentals in trading. TA is everything and Elliot wave is the big picture... everything else is just snap shots.
More...
That was the funnies thing that I have ever heard, trading based on imaginary lines with funny assumptions cannot be anything! let apart everything
 
p0box4 said:
Do i need to explain it, again ...?
You gave long term projections which is not what I asked because it is not what you said in the first place.

You said earnings had no impact on the stock price since it's all already in the chart and perfectly predictable.

So, last time, Home Depot and Alibaba, up or down tomorrow and how much? You are the one who said predicting this was possible based on the charts, so stop wasting time and answer it already.
More...

You're missing the point entirely. It doesn't matter what happens tomorrow. The earnings report will just be a blip in the chart. It's not like the company fundamentally changes in 3 months. Earnings reports are just manipulated garbage.

Therefore tomorrows price doesn't interest me in the least...I have already mapped out the next 3-6 months. That's what I would be trading towards.
 
wxytrader said:
You're missing the point entirely. It doesn't matter what happens tomorrow. The earnings report will just be a blip in the chart. It's not like the company fundamentally changes in 3 months. Earnings reports are just manipulated garbage.

Tomorrow's price doesn't interest me in the least...I have already mapped out the next 3-6 months. That's what I would be trading towards.
More...

No, you are missing the point. You said it was possible to predict these things very easily from the chart alone, yet you keep bullshitting around.
 
Here is a monthly chart:



And a weekly chart:



And a 4 hour chart:



Can't imagine you need lower timeframes to do predictions 6-12 months out?
 
You must log in or register to reply here.
Back
Top