The Trouble With Scribbles

Discussion in 'Technical Analysis' started by Buy1Sell2, Mar 30, 2015.

  1. dbphoenix

    dbphoenix

    I don't know, Schaefer. It doesn't say EXACTLY where to enter, so it's really pretty worthless.
     
    #711     Apr 20, 2015
  2. toucan

    toucan


    you are right... the chart indicates to go long above the range or go short below the range.

    but it never said it would move 40 points.. and that was the prediction alluded to in a later post
     
    #712     Apr 20, 2015
  3. dbphoenix

    dbphoenix

    No prediction was alluded to.

    BTW, it's now up 50.
     
    #713     Apr 20, 2015
  4. Schaefer

    Schaefer

    Yep, I hear ya. They're never happy.

    Schaefer
     
    #714     Apr 20, 2015
    dbphoenix likes this.
  5. k p

    k p

    And more important, when you also consider that other levels need to be brought forward, but aren't, until way after the fact when its obvious what happened, then its a case of cherry picking.

    I had the level of 4390 on my chart that I'm sure Db would make reference to as well. Price rejected it nicely at first, and then blew through on its way to 96. But then price also dropped below, and headed lower. So often Db would say that trader are unable to make a higher high, clearly evident on even the 5 min chart. So if it did continue dropping, he would later claim a short given all these reasons, but because price busts higher, its almost as if none of these levels mattered.

    And he has still yet to explain why 4373 wasn't on his chart earlier, but once he showed the huge bounce higher, he had it there as if showing a case of Resistance then Support.
     
    #715     Apr 20, 2015
  6. toucan

    toucan


    Hmmm.... I haven't followed what you all have made during this time and take you at your word. so what you are saying is that he has made 20 points trading (i think he posts his trades) and that you have made 160 points trading (not sure if you posted your trades?).
     
    #716     Apr 20, 2015
  7. dbphoenix

    dbphoenix

    See the charts I've been posting since the 13th.
     
    #717     Apr 20, 2015
  8. dbphoenix

    dbphoenix

    Easy fix, though; learn how the market works.
     
    #718     Apr 20, 2015
  9. k p

    k p

    And then you'll be an expert hindsight chartist! As for being a trader... hmmm....
     
    #719     Apr 20, 2015
  10. toucan

    toucan

    Sorry, but you didn't answer my question... I'll state it again... are you saying he made 20 points trading and you have made 160 points trading?
     
    #720     Apr 20, 2015