/biz/ - Business & Finance

People probably said the same in 2014 kek

>>10161342
Naaah, you don't say, you are telling me TA is to study possibilities? And sometimes they don't happen? OMG I'M SHOCKED

>>10161330
yep. that is why i posted the dab on the bear fags.

This is what i'm thinking too. The big one a few months ago threw everyone off, but it was way too volatile to signal a reversal.

lmao the delusion of bullfags

>>10161408
Want to know the definition of probability? This shit might not happen, but at least I try to bring something constructive for discussion to the table beside, it's going down, it's going up bullshit.

>>10161353
>Could go up
>Might go down
Tell me more Senpai teach me your wisdom

>>10161342
It's a short term play you idiot, it's not a complete reversal

>>10161330
Can you explain what this means for brainletts?

>>10161614
How is it so complicated to understand? This is one of the things that MIGHT play out, you do know TA isn't an exact science, right? I actually think this is the most likely situation, but that's it, I'm not gonna ignore the fact that it can go down and I need to rethink my strategy if that happens, why the fuck you guys are so emotional and dense?

wishful thinking

>>10161665
Inversed head and shoulders is a big bullish sign, it can make a short-term or mid-term reversal. The thing is, head and shoulders are difficult to predict and we are still midway of completing it. For now, it is following the pattern, but the moment there is a divergence from it I'll rethink my strategy

>>10161721
Thanks for posting this. That was very helpful

>>10161684
They're angry because they lost all $200 of their allowance to this Bitcoin thingy so now they spend all day on biz shitposting to hide the fact that nothing good is happening in their lives

>>10161684
>I draw lines on a chart then guess
>Dont forget to draw lines first

>>10161800
Patterns do happen, I don't understand your retarded point.

>>10161846
Patterns happen. Patterns within patterns. Patterns within patterns within patterns. The chart goes up or down, even while patterns are happening, and then retards think one of the many patterns caused the movement. If enough retards see pattern a, it happens because they either buy predicting a pump or sell predicting a dump. But maybe more retards have zoomed out and seen pattern b, which is not a and then pattern a retards say "ooh it's not an exact science, I will rethink my TA" and then some more patterns happen even while they are looking at the first patterns

>>10161896
So what? I think you are missing the point of TA, the idea is to understand how can you trade by looking at volume, RSI, MA's so you can try to make a positive trade... Do you think the best FOREX traders are right most of the time? They are wrong a lot more times than they are right, but they have a risk management strategy, they keep the losses short and the wins big and they use fucking TA, because they need to judge the POSSIBILITIES, good luck trading blind and without charts, you will get fucked long term.

>>10161951
>The point of TA is to draw lines and look for heads, shoulders, knees, and sometimes toes and then predict which of two possibilities (up or down) which happen. When you get really good at TA, you can expect a 50% success rate but stay poor fag

>>10162025
Your arguments are getting to a silly point. You are not thinking properly on what I wrote or you are too dense to understand.

just bought a 100k buy order at $6100

>>10162056
Post proof or larping.

>>10162037
I started trading forex in early 2000s and read all the books, learned all the patterns, drank all the kool-aid, made some money, lost some money, tried to learn from my mistakes. Take a step back and see what you're doing- you are looking for patterns where none exist. You can always find a contrary pattern on different candles, or explain away your "mistakes" with the news, this partnership, that FUD, always using a version of the Forer effect to reinforce when you're right or find an excuse when you're wrong. The best advice I can give is react to what happens, don't trade based on what you think will happen.

>>10161684
How is it so complicated to understand? Maybe going up or maybe going down is one of the things THAT might play out!!

>>10162101
You are full of shit, don't try to build your argument based on larping, anyone who trades uses TA and tries to predict the market, they just cut the losses really quick and are patient when it is going up. If you are a reactive trader you will get fucked since your entry point will be mid upside run or mid downside run, you risk buying the top and selling the bottom. Don't get me wrong News are essential but most traders already got their positions before the run and the news.

>>10162123
No shit sherlock, that's what I said

>>10162175
>You'll get fucked if you buy halfway through a pump
>My TA is wrong as often as it is right, but you should trade off it anyway
Believe what you want, fag. I remember the Challenger explosion, the Berlin Wall coming down, and was trading during the 08/09 GEC. Crypto isn't my first rodeo

>>10162237
Your arguments show you are a Larper, you are basically saying to react instead of predict which is exactly what the best traders don't do

>>10162187
>Being this fucking dumb
Lmao

>>10162292
Ad-hominem fallacy, that's how you win an argument.

>>10161787
indians and pakis?

>>10162261
Set conservative targets to TP and react. You'll win small much more often then you lose even smaller. That's coming from someone who had never posted a pink Wojak, and if you think taking 1% profit of a large stack is a bad move then there's nothing I can say to you further

>>10162351
Now tell me what strategy brings more profit? Good luck finding every piece of news to trade, not to mention that they are not consistent with the time or content. Studying entry points with TA is still the most consistent, you just have to have a reasonable risk management strategy. The most profitable day trading strategy I've done.
If you are trading news, you better get some decent bots to do it for you, because you will always be behind if you are the one doing those trades.

>>10161330
AI will kill us all

No increasing daily Buy volume!

>>10161330
>let me draw in the entire right shoulder before it even exists
wewwwwwwwwww saged btw

>>10162530
That's how you try to find the optimal entry point... Or I'm supposed to enter at the top of the right side subjecting myself to more risk and less upside?

>>10162521
Yes, that's true, volume has been decreasing both on sells and buys

Just sold 100k

>>10162563
Shut the fuck up you absolute brainlet. You trade based off the pattern being completed and breaking the neckline, not before half of the pattern is even completed.

>>10163065
Since when??? Calling me brainlet and after that doing the most retarded sentence

>>10163140
Since forever go look up any 101 article based off this pattern. How fucking old are you seriously? This is the worst ta larping i've ever seen. The head on your green head and shoulders version doesn't properly qualify as a head, you're flat out assuming the red pattern will just complete itself and not do anything different. You're either baiting or the biggest retard on this board.

>>10163202
Since forever? Kek, ok then, I'll leave that part here (trading 101 my ass)
Read all the comments and you will understand that I'm just looking into an entry point for a short-term trade.

>>10163223
>i'm looking for an entry point for a short term trade based off a pattern that isn't completed and i'm just gonna assume it will and i make money

Here since you're also too braindead to google and get a basic understanding of the bullshit your spewing.
https://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)

>>10162101
What book are the best to read in your opinion?

>>10161330

>>10162309
no, he's right. You are dumb, and none of your meme lines is making you seem smarter

Looks legit

>>10162309
I think the point was that you don't need to draw a bunch of lines to reach the profound conclusion that the price could go either way

>>10161330

THIS IS EXACTLY RIGHT

>>10161330

Still haven't hit 5k yet ya dingus