Why do moving averages SUCK so much?

Discussion in 'Technical Analysis' started by Saltynuts, Feb 21, 2021.

  1. .sigma

    .sigma

    what are you basing these support levels off of? Just from a quick glance I don’t see any support until $610, but we all have different eyes that see different things.. thus a market is created.
     
    #81     Mar 1, 2021
  2. The poster I quoted was asking others for their next week’s opinions on MSTR. As I mentioned, $681 was Friday’s low, an important threshold for longs, I would think. Last week’s low was about $659.00, but a third visit to that area would not be looking good for bulls, and your support level of $610 would likely be in play at that point.

    I would be a buyer from $775 to $810, with a soft stop at $740 or so and a hard stop of about $720. My soft target would be $845 to 850 and my hard target would be $930 to 935. As always, assessments and timing are subject to change according to market environment, such as money flows towards monetary safe havens and tape reading, not that I will have time on Monday to do all these things. Hell, we don’t know how MSTR is going to open, yet.
     
    #82     Mar 1, 2021
    .sigma likes this.
  3. treeman

    treeman

    I was and still am considering buying above a break of 805. I think this stock is just beginning. Super orderly pullback.
     
    #83     Mar 1, 2021
  4. .sigma

    .sigma

    buying shares or options?
     
    #84     Mar 1, 2021
  5. easymon1

    easymon1

    How goes man? Keeping it Shiny Side Up?

    "Got any Possible Specific Measurable Entry TRIGGERS?"
    Actually, opinions weren't what were requested. Technical Analysis showing Entry Trigger, Stop and Exit Numbers based on techniques touted by a couple of posters named therein, are what were requested.
    Guesses and opinions were in abundance, and of course welcome sans complaining and bellyaching, lol.

    Just Three Little Numbers, LLFly, Overnight. The Week is Young. Show us a chart marked, even if it is after the fact, showing those three little numbers and how they were derived using your system.
    Is that too much to axe?
    hell I don't even trade stocks, this is just to give you two space to demonstrate your chops by Specific concrete example. The way the "trade" goes is immaterial, es machts nichts, the demonstration of the technique, eg that blood simple Double Bottom Measured Move, any 4th grader can do, based on a picture and a couple hours of practice, your Specific concrete example is more informative than a boatload of kvetching, know what i mean vern?

     
    Last edited: Mar 1, 2021
    #85     Mar 1, 2021
  6. [​IMG]
    Trade example. Pullbacks. Simple. Thinking price could test overnight lows @ 3834. Sell two, take one off first target, let the other one work for second objective.
     
    #86     Mar 1, 2021
  7. easymon1

    easymon1

    After all that essaymanship?
    Is
    That
    All
    You Got?
    No Chart?

    Man, how we sposed to learn about your wickless candle technique, show us what you're workin with.

    The Product Matters NOT. Take YOUR Pick.
    That MSTR just happend to come along so that's the chart that pops up.

    Charts of whatever blows your skirt up: Commodities, Forex, Futures, Stocks
    Hell, LLF, Overnight you two got till Friday.


    Overnight, llmflyfisher, What's your system show you for MSTR for Next Week?

    Got any Possible Specific Measurable Entry TRIGGERS?

    What are the Wickless Candles saying, llmflyfisher?
    What are the Unirenko charts saying, Overnight?
    Whadda we got, guys?

    Here's a simple setup my charts are telling me to watch for, a
    Possible Double Bottom Entry Trigger for Next Week for MSTR Above 844.79.
    This is a Setup. Currently UnTriggered.
    This is NOT a Prediction. I don't predict. MSTR'll do what it's gonna do.

    Trading a Double Top and Bottom
    https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309

    Whadda we got, guys?

    Post a Picture, the verbose responses are not necessary for this one.
    Please Include Specific Measurable 1)Entry Trigger, 2)Stop, 3)Target.
    Run What Ya Brung, Boys

    Marked Up Charts are the lingua franca.
    Essays, also rans.
    kvetching, naa, bush league.
     
    Last edited: Mar 1, 2021
    #87     Mar 1, 2021
  8. treeman

    treeman

    Ultimately neither. It doesn’t make my cut. But I like the chart. A lot.
     
    #88     Mar 1, 2021
  9. easymon1

    easymon1

    Overnight, What would this cl around 8:30am look like on your Uni chart?

    dt fitty cl 30m 2021 0301.png

    blue ice trade under that mean bad old 50MA that sucks so bad. MA sucks. Bad MA.
     
    #89     Mar 1, 2021
  10. Overnight

    Overnight

    You go right on ahead and keep showing successes, but no failures. It's brilliant.
     
    #90     Mar 1, 2021