Technical analysis

Tall Mike said:
what evidence is there that TA has predictive power?
How do I know?
How can I be sure?
More...



Where the hell anyone gets off thinking there exists predicative..., in / with/ about - trading

You best go find another line of work - seriously (or simply STFU)

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price is doing THIS (TA defines the THIS really well - leaves little to interpretation or imagination)


what will happen next is 1 of 3 things - period


price will continue doing THIS

price will extrapolate and proceed on the THIS

price will do the exact opposite from THIS


we speculate / trade accordingly


That IS the essence of trading..., been that way since tulips..., and it'll never change



Tall Mike said:
but it's something to think about.
More...


Nope

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You've been fed a line of bullshit about anything remotely being predictive with regard to price movement


RN





 
interesting search term - search the et forum for the expression "hey guys" including the parentheses.

i would bet 90% of the fake user names originate from the same et sponsor who also post using legitimate info.

so i wonder is it ok to have multiple fake user names to ask stupid marketing questions that you would think someone in the business should already know - just because they are sponsors?

all these fake users have something in common

----------------

Helping Fintech and Crypto companies to develop their vision, set goals, put them into detailed steps, define internal processes and execute everything along the way.

Specialised in:
- Marketing Strategy - advising early startups and helping to put together a strategy based on their needs, goals and available resources.

- Marketing Operations and Processes - helping companies to establish internal infrastructure optimising their existing processes or creating them together from 0.

- Affiliate Marketing


ps yes they misspelled optimizing and specialized yet they are a biznuss lol
if they have a brain they will stop using "hey guys" maybe and correct their website.

what's even worst is most of you have no clue ... so blissfully onward with the chat.
 
Tall Mike said:
what evidence is there that TA has predictive power?
How do I know?
How can I be sure?
More...

Here's a beautiful quote that readily applies to just about everyone here.

A Cup of Tea

Nan-in, a Japanese master during the Meiji era (1868-1912), received a university professor who came to inquire about Zen.

Nan-in served tea. He poured his visitor's cup full, and then kept on pouring.

The professor watched the overflow until he no longer could restrain himself. 'It is overfull. No more will go in!'

'Like this cup,' Nan-in said, 'you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?'
 
schizo said:
Here's a beautiful quote that readily applies to just about everyone here.

A Cup of Tea

Nan-in, a Japanese master during the Meiji era (1868-1912), received a university professor who came to inquire about Zen.

Nan-in served tea. He poured his visitor's cup full, and then kept on pouring.

The professor watched the overflow until he no longer could restrain himself. 'It is overfull. No more will go in!'

'Like this cup,' Nan-in said, 'you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?'
More...
Good Morning schizo,

I don't understand how this relates to trading

Can you please explain?
 
No preset bias/prediction in trading. Follow the market action, though be careful of market tricks/traps and changes/reversals.
 
Scataphagos said:
Actually not. Many "believe" they know TA, but they really don't. That's why so many believe "TA doesn't work". In fact... TA WORKS LIKE A SON-OF-A-BITCH... right in front of their eyes yet they can't seem to get a handle on it.

So lemme give it to you again...

"Buy Support
Sell Resistance
Chase breakouts
Trade with stops".

If you're not doing that, your chances of success are slim.
More...

I don't want to sound (too much) like I'm pontificating... but here's a chart of Friday's ES. The UP arrows are support which you could/should have bought. The DOWN arrows are resistance which you could/should have sold. Nothing big on Friday... just bopping along... but this kind of thing occurs nearly every day. Buy Support, Sell Resistance.

GL.

Friday.PNG
 
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