Why do traders talk about TA as if it is physics ?

Discussion in 'Technical Analysis' started by traderwald, Nov 10, 2020.

  1. Hello KCalhoun,

    Day Trading Stocks have zero commissions now.

    What are some active stocks I can scalp all day with good volume and price action? I trade futures which still have commissions.
     
    #81     Apr 21, 2022
    KCalhoun likes this.
  2. Poljot

    Poljot

    Looks awesome, but how does one read it?
    Does this technique have a name I can look for, or is it your proprietary invention?
     
    #82     Apr 22, 2022
  3. ph1l

    ph1l

    It looks like
    https://www.tradingview.com/chart/C...cture-Speed-and-Slope-on-Multiple-Timeframes/
     
    #83     Apr 22, 2022
    Poljot likes this.
  4. SunTrader

    SunTrader

    ph1L next post is close. Gann Fans (which gotta be something like 80-100 years old) but plotted in my own way. As to how to read them that is proprietary - kidding.

    Actually I cleared off other facets so chart pic is not overwhelming. Although Gann Fans are considered to be based on the time and price axis I also plot time and price vertical and horizontals as well that line up with GF's.

    Time, Price, Pattern and momentum have to all be there to take a trade ... or exit one.

    HTH
     
    #84     Apr 22, 2022
  5. Pekelo

    Pekelo

    It is like quantum physics. Eistein himself didn't believe in quantum physics, or at least parts of it...
     
    #85     Apr 23, 2022
  6. KCalhoun

    KCalhoun

    I mostly trade gappers and ETFs like UVXY/SOXL
     
    #86     Apr 23, 2022
    SimpleMeLike likes this.
  7. Thank you sir,

    Are these stocks and ETF free commissions and free exchange fees?
     
    #87     Apr 23, 2022