technical analysis quote from Top Trader book

Discussion in 'Trading' started by TradeBlazer, May 12, 2024.

  1. Wow you must be world renowned for your accurate forecasts. :rolleyes:
     
    #51     May 13, 2024
    Darc likes this.
  2. poopy

    poopy


    By winning you're losing.
     
    #52     May 13, 2024
    nbbo and SunTrader like this.
  3. Darc

    Darc

    You're saying that Price has no relationship to the Fundamentals eg Earnings, Liquidity etc?
     
    #53     May 13, 2024


  4. Awesome! Ok I have not been charting any of these so let's start with home depot.

    Note: I am posting my projections as a C&H for simplicity for you guys. :)

    upload_2024-5-13_11-18-58.png

    I'm long all day here regardless of the results of the ER. The C&H based on a measured move should bring it to $480-$500 or so...I think its the height of the cup added to the breakout point.



    OK Alibaba...same thing I have not been following it but again I'm long all day here as we could be seeing the basing of a C&H.

    upload_2024-5-13_11-25-51.png
     
    #54     May 13, 2024
  5. Nothing. Nada. The stock price is completely determined to run in cycles and the news, earnings, government regulations will all facilitate that determinism.

    These cycles are baked into the chart.
     
    #55     May 13, 2024
  6. p0box4

    p0box4

    That didn't answer my question, your predictions are long term, + 6 months in both cases.

    You said this:

    So, what does analysis says about what will happen tomorrow? According to you it's already reflected in the chart so it should easy to answer, right?
     
    #56     May 13, 2024

  7. I just posted my projections. ???
     
    #57     May 13, 2024
  8. p0box4

    p0box4

    I guess you missed this:

     
    #58     May 13, 2024
  9. Price is determined to complete the pattern. It doesn't matter what the results of the ER is...its the accumulation phase. You guys need to expand your knowledge and not focus on day trading or trying to cash in on high IV...it will all even out in the end.

    Find the determinism of the market and align yourself with it.
     
    #59     May 13, 2024
  10. Darc

    Darc

    So COVID and the subsequent injection of Liquidity in the Markets was already in your "chart cycle".

    So Elon Musk's successful production/marketing of Teslas was already in your "chart cycle"?
     
    #60     May 13, 2024