100% PERFECT TA setups... If you're not watching for these, you might as well go flip burgers.

Discussion in 'Technical Analysis' started by Scataphagos, Oct 13, 2023.

  1. hilmy83

    hilmy83

    Ok, then count me among the morons who don't get it.

    I'm tired of this level of TA stuff...

    TGIF
     
    #11     Oct 13, 2023
    rb7 likes this.
  2. A lesson... "His" defined resistance may not be the market's resistance. Often, "close" is "close enough".
     
    #12     Oct 13, 2023
    Money Trust likes this.
  3. Whether he or anybody sold or didn't... the down arrow marked resistance and a turn down. There is ZERO valid argument against... it is documented FACT!
     
    #13     Oct 13, 2023
  4. savoir

    savoir

    Burger flippers are set to make $20 per hour starting next April. Gonna need to come up with a new put down.
     
    #14     Oct 13, 2023
    cesfx and murray t turtle like this.
  5. I'm a former "pooper scooper:... for whom do I plead for a pay raise?
     
    #15     Oct 13, 2023
  6. Georpe

    Georpe

    Ok. I wasn't disagreeing...
     
    #16     Oct 13, 2023
  7. destriero

    destriero


    100% you're not trading any of this stupid shit.
     
    #17     Oct 13, 2023
  8. %%
    Burger flippin' or home flippin' is a good business ;
    not doing those now.
    MCD is an 88% sell,[ 8% buy];
    SPY is an 8% buy [ LOL 92% sell] rated by barchart.com technicals + stuff.
    In fairness to burger sector dont know about the other burger flippersLOL:D:D
    About 30 minutes to regular market close.
     
    #18     Oct 13, 2023
  9. smallfil

    smallfil

    There is no such thing as 100% perfect setups. Thomas Bulkowski in his Encyclopedia of Chart Patterns book tested numerous chart patterns. A lot them have a 51-52% win rate and others winning only on 47-48% of the time. Add to that slippage on when you get out of losing as well as winning trades, the chasm between success and failure is huge. Keep dreaming. A sucker is born every minute.
     
    #19     Oct 13, 2023
    murray t turtle likes this.
  10. smallfil

    smallfil

    That $20 per hour is guaranteed, net of taxes, it is not much. However, placing bad trades is a much more risky endeavor. You are probably, losing $500-$1,000 for each bad trade, maybe even more.
     
    #20     Oct 13, 2023
    murray t turtle likes this.