Technical Indicators from the Perspective of Above Average Traders
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Or maybe the dude in the video should just take the shares? Lol it looks like a little pull back to load up.
This blanket statement tells me you don't know what you're talking about, which in turn tells me you're not worth my attention, which in turn tells me to put you on ignore, which I just did.
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Those who can't do, teach. There is a reason for the saying. That reason is if you could do you could make more money doing than teaching.
He's using the .618 retrace just like I've been showing since I got here...its pretty much TA 101 to anybody worth their weight. Unfortunately around here he would be met with "hindsight is 20/20" lol because the punters don't understand that the levels are .38, .50, and .618. Or they will accuse you of "Moving the target" if you go level by level.Trading is dynamic and you respect the levels until the levels are broken as he puts it. Granted this is pretty basic stuff but the foundation to good TA...and I like the candle stick reference. With the general TA skills in this forum it can be a bit frustrating and anything beyond simple s&r will fall on deaf ears...but worth it for the wealth of options knowledge.
The MARA chart I posted
BEFORE:
AFTER:
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