Double Top, Dbl Bottom. Show your Opinion, Use Charts - Especially Non-Workings! Text is cheap, lol.

Discussion in 'Technical Analysis' started by easymon1, Aug 2, 2020.

  1. easymon1

    easymon1

    PlatformFX likes this.
  2. SanMiguel

    SanMiguel

    Everything works some of the time
     
    birdman likes this.
  3. tiddlywinks

    tiddlywinks

    Triple Bottom

    NG 2020 0801 -0507 TripleBottom.png
     
  4. easymon1

    easymon1

    "Everything works some of the time"
    except politicians and entrenched bureaucrats, lol.

    hey, show some that don't work, like this one, step it up. lol
    As it says up top, Especially Non-Workings!
    so dig in, throw some dbl top, dbl bots up in here working or not.
    maybe put an indicator on there that just might toss a trader a clue as to why that dbl top didn't work.

    """
    Double Top, Double Bottom.
    Show your Opinion, Use Charts - Especially Non-Workings!
    Text is cheap, lol.

    Don't Tell Us, Show Us.
    Everything That's Fit To Chart.
    """

    delete dbltop.png

    "...if they can't bust 'em down, they'll try to bust 'em up" Tom O'Brien
    "...nothing more bullish than a failed bearish signal." Steve Rhodes
    will nq continue upward?
    we shall see.
     
    Last edited: Aug 2, 2020
  5. Tradex

    Tradex

    Hi EasyMon1,

    For your info there is a backtest of the double bottom formation in the August 2020 issue of Stocks and Commodities Magazine.

    This formation generated $114,522 net profit ($126 per trade) in 20 years (909 trades) with a 6.9% maximum drawdown. Size of each position was $10K. Backtest was conducted on liquid stocks from the S&P 500 and the Russell 3000.

    While the pattern is still profitable, $126 average profit per trade is a rather poor performance if you ask me.
     
    Last edited: Aug 2, 2020
    SeoulEater, tomas262, Onra and 2 others like this.
  6. easymon1

    easymon1

    Last edited: Aug 2, 2020
  7. Remember the golden rule of promoting strategies.

    If it works, milk it to death, create a YT channel, sell a course, do an interview on CNN etc.
    If it doesn't scrub the history clean so even that guy out of CSI with his little ultraviolet light can't find any evidence that you promoted it.
     
  8. easymon1

    easymon1

    Where's Your Chart, Homer?
    'Show your Opinion, Use Charts - Especially Non-Workings!'
    -
    Double Top, Double Bottom.
    Show your Opinion, Use Charts - Especially Non-Workings!
    Text is cheap, lol.

    Don't Tell Us, Show Us.
    Everything That's Fit To Chart.

    trading double tops double bottoms
    https://yippy.com/search?query=trading+double+tops+double+bottoms
     
  9. maxinger

    maxinger

    Golden rule is
    NEVER listen to professional writers and talkers.

    When there is double top, treis top, tettares top, pente top, hex top, multi top,
    price may continue to go up, or reverse direction and go down.


    Same for double bottom, treis bottom ....

    always do your own analysis, and focus on your charts.
     
    murray t turtle likes this.
  10. No point, It would just add to the myriad of unless information already floating around buddy.
    Forum posting is often like this: "I want to run the marathon, Hey I just sprinted 10ft to catch the bus, wow I just worked out if I continued that pace I could have won the New York Marathon! Let me share my secret with everyone "
     
    #10     Aug 3, 2020
    SimpleMeLike likes this.