I agree. Enough already. Fifty sites with fifty different patterns and then another fifty posters with their patterns or interpretations of patterns. None calling it correctly. We are in a constant state where any single news event can cause a dramatic change in the market at any single point in time. THERE IS NO PREDICTOR of the future. In the market or in life. We are all at the mercy of things beyond our control. Best we can do is roll with the waves and try to capitalize as best we can and try to avoid disaaster as best we can.
TA and the news can produce different results, from each other. I'm just able to cover a small part of the TA's, and the other missing piece's would have probably told me this squeeze was coming today.
But, I'm just one person and I can't see every chart, or every piece of data needed to make it all work perfectly. I sure wish I could, but that's not reality.
fundamentals crundamentals. TA my #$&*&$! It's all horseshit 🙂 This is going to be an exciting day!!!!!!!!!!!! Red, my attitude is the only thing that gets me through!
This is a good example of Tech Anal. vs the fundimentals.
The fundementals cannot be ignored
We have been following the technicals obsessivley. To say “ignore the news” is not right. The technicals wait around for a trigger and it's the fundimental news that does it.
Today the fundimental news was 1) Good news from China 2) jobless claims. The market went up for a few min then down for 15 min or so. When that bear move failed I should have jumped on the rally.
long term still a bear but when I get my 5min renko chart going (ain't got no money) I will leave “them” in the dust
I agree. Enough already. Fifty sites with fifty different patterns and then another fifty posters with their patterns or interpretations of patterns. None calling it correctly. We are in a constant state where any single news event can cause a dramatic change in the market at any single point in time. THERE IS NO PREDICTOR of the future. In the market or in life. We are all at the mercy of things beyond our control. Best we can do is roll with the waves and try to capitalize as best we can and try to avoid disaaster as best we can.
Yes Ben,
TA and the news can produce different results, from each other. I'm just able to cover a small part of the TA's, and the other missing piece's would have probably told me this squeeze was coming today.
But, I'm just one person and I can't see every chart, or every piece of data needed to make it all work perfectly. I sure wish I could, but that's not reality.
fundamentals crundamentals. TA my #$&*&$! It's all horseshit 🙂
This is going to be an exciting day!!!!!!!!!!!!
Red, my attitude is the only thing that gets me through!
This is a good example of Tech Anal. vs the fundimentals.
The fundementals cannot be ignored
We have been following the technicals obsessivley. To say “ignore the news” is not right. The technicals wait around for a trigger and it's the fundimental news that does it.
Today the fundimental news was 1) Good news from China 2) jobless claims. The market went up for a few min then down for 15 min or so. When that bear move failed I should have jumped on the rally.
long term still a bear but when I get my 5min renko chart going (ain't got no money) I will leave “them” in the dust
I like that kind of attitude girl! Let's get out the AK47's and go Bull hunting!
F*CK the patterns! We are coming down.
This move up also could be labeled an ABC pattern, and C is completing right now.
me too – the gap was filled on the vix at 29.70. If we go lower than that on the vix, I will have to get out. But I think it's do time!
Yep,
That's the same channel, I have.
Thanks San…
Looks like you spotted it in plenty of time to get out, but I missed it.