Prove to me that Technical Analysis Works.

And I figured that you could not find a profitable trade anywhere to show me.

 

You do not sound pleased, darling....

 

Just stating the facts 'mon' as ole Jack would say. Do you trade at all?

 

Do you think otherwise?

 

https://en.wikipedia.org/wiki/Toby_Crabel

 

Ya know easymon, you get insistent that people answer YOUR questions and continually repeat them. So my question has a simple YES or NO answer (none of this 'how do you feel' BS) Drumroll please and dim the lights -- here is the question once again.

Do you actually made trades in a live market?

 

Always had a lot of respect for you Mark but don't recall you posting in this thread so you must have been lurking in the shadows of this thread that is starting to go sideways a bit.

So, what is this post all about?

 

I believe without doubt Toby Crabel is proof that TA does work very well.

 

Thanks for the explanation. I thought for a moment you were saying easymon was Crabel

 

In the spirit of giving easmon some more sugar that he craves. (A chart and entries for him to decode)

This trade today demonstrates 2 elements of TA in action. First support and resistance. The low early this morning hit support and stopped the down move dead in its tracks. Second, I was premature in my initial entry was emboldened to add a 2nd option after the 50% retracement (black line) held and started moving up. This also gave me a good stop loss marker if it broke the 50% retracement after initially respecting it.

I took profits because it was running hard and this gives you a vol bump in the option in addition to the real value. I think this may be my last post as this thread has appeared to have run its course. This lines are fibs btw.