You're a funny fella Max. For a golden oldie. I see OP fails to answer questions. I understand you can develop your "chart eye" by watching Charts. Problem is individual Stocks and Indices will vary, particularly over different time periods as the great @Overnight pointed out. So my question is: Is OP nuts, just clutching at Straws or maybe onto something? (Nice TSLA Daily chart: Volume, MAs, RSI, MACD - but that's all beginner chit, right?) Chuck in BBs as well mebee.
Yah, when I see RSI, MACD and all those old time indicators, even fibs, my bs alarm starts ringing. MA's, I have two minds about, sometimes I use them to calculate other things from, but as a timing tool, not really. Although a 5MA I use as a double check on daily periods for short term trend changes, however I never write them into my algos, they are just visuals on a chart I use.
Holy crap, you're a genius, perhaps the last one of your kind (whatever that may be). How was I not able to see this coming (even though I definitely know where it's going)? May you prosper in all your cryptic endeavor!
It's the 10,000 hour rule from Outliers, you have to marvel that no one knows about it and anyone that does know tries to pass that knowledge off as their own never referencing the source trying to create their own little ponzi of knowledge, fortunately there are some well read people still around, yours truly, that can set the record straight.
Exactly my point! Sooo many traders I see on this forum base their strategy on some Fib retracement values. TRUST ME ON THIS... All you gotta do is rip Fibonacci to shreds, tear it to pieces, have nothing to do with that ugly floating number 1.61803399 and the dreaded Fibonacci series... Then you can begin to make some progress. Leonardi Bonacci is the BIGGEST SCAMMER to traders. He just lies and tries to sell you stuff that doesn't even work!