[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 177 KB, 1859x963, rsidiv.png [View same] [iqdb] [saucenao] [google]
23964856 No.23964856 [Reply] [Original]

TA fags
>inb4 ''muh TA''
should we scare this divergence?

>> No.23964904

not until 20k

>> No.23964920

>>23964904
what about the divergence?

>> No.23966147

>>23964856
lol we had soo many divergences on the way up and all of them turned invalid

>> No.23966332

quick reminder that if you do TA you are a complete retard and havent understood anything about markets

>> No.23966339 [DELETED] 

>>23964856
hey buddy im going to give you a little tip because im feeling generous today. Don't tell any of the niggers i told you this.
When you are in a long term bull trend use a time frame higher than 1 day if you want to find signs of a reversal. If the weekly or two week time frame shows no reversal then it is not time to look in the 1 day yet
big boys play on big time frames

>> No.23966387
File: 219 KB, 1114x712, metatrader-wheel-anim.gif [View same] [iqdb] [saucenao] [google]
23966387

>>23964856
>muh TA

>> No.23966721

>>23966332
>>23966387

spoonfeed a retard why TA is bad? Also wtf is with that wheel

>> No.23966738

It could also be the breath of another leg up

>> No.23966754

>>23966721
>spoonfeed a retard why TA is bad?
it's financial astrology
>wtf is with that wheel
it's financial astrology

>> No.23966799
File: 150 KB, 750x750, C676970F-4D4F-4762-946E-C6A9E100FA13.jpg [View same] [iqdb] [saucenao] [google]
23966799

>>23966387
based transit chart
nonbelievers tongue my anus

>> No.23966824

>>23964856
https://www.coininsider.com/bitcoin-whale-massive-short-of-100-million-usd/

Oops. That's why FA>TA

>> No.23966924

>>23966721
why is ta stupid and worthless in a nutshell
>markets are a minority game where everyone wants to win and nobody wants to lose but not everyone can win
>there is no mathematical solution to minority games, thus you cannot predict markets unless you have better information no one else has (past data is not better, everyone has it)
>those with the most information win (insiders), the rest is gambling and on average losing money no matter the strategy (warren buffet didnt even outperform the market)
>academically ta and fa are not supported.
>fin markets are merely a game of who hast the most information and can act the fastest. absolutely no private individual is even close to competing there in that realm though
>its basically concluded that you are not able to compete if you dont manage 500bn+ since you cannot afford the tech needed to be able to compete in this arms race
>those who can compete have positive returns on every single day

nobody in the industry takes ta srsly. the only use it has is in form of advertisement to sell it as if it has a use in order to generate commission and make people trade more.

>tl;dr homeopathy of finance which is only useful for exchanges to make people trade more to bank on commission fees

>> No.23966969

>>23966924
>>23966332
>>23966754
based midwit take

>> No.23967029

>>23966969
you sound poor

>> No.23967039

>>23966147
>lol we had soo many divergences on the way up and all of them turned invalid
show me when

>> No.23967099

>>23966824
suggesting individuals to do fa is misleading too. in fact, studies even show that your returns are even less if you are somewhat informed compared to trade randomly. and with that we do not even calculate the time you spend into that.

there are some simple rules for fin markets:
>dont pay for any services or consultations, minimize all costs (you dont need any magazines, trading view accounts or anything like that)
>dont waste time on any analysis, you get no return for it, spend your time otherwise
>buy a broad index etf with low fees because you wont outperform it anyways
>dont trade. buy and hold. again: minimize costs (fees)
>have a high time horizon (10+ years)
>there is no quick way to make money except by gambling with the odds against you
>however do invest the money you dont need in a broad index. you get a risk premium for doing so

everyone can do this, there is nothing special about it, everyone who tells you otherwise is a shill and most likely profiting from you believing the crap they are trying to tell you

>> No.23967121

>>23967039
shorter time frames.

>> No.23967151
File: 260 KB, 960x605, BF635AB0-6EF8-4A19-BD78-AE7938285945.jpg [View same] [iqdb] [saucenao] [google]
23967151

>>23964856
Yes, be scared and sell.

>> No.23967155

>>23966924
you sound like a guy who never tried doing TA and are stuck in a mindset of buy and hold waiting for crypto gods to open a 3rd eye and pump your bags.

>> No.23967187
File: 8 KB, 221x229, images.jpg [View same] [iqdb] [saucenao] [google]
23967187

heres a tip op
all the people telling you TA is useless are one of two parties
1) whales trying to keep you uninformed so there is more profit on the table for them
2) midwits who tried trading for a week, lost money, and now believe trading/TA is impossible
Trading and technical analysis is a skill that takes time to develop. When you start trading in crypto it is like stepping into the ring with a professional boxer. Would you step into the ring against mike tyson with 1 week of training under your belt? Would a lawyer step into a court room with a couple weeks of studying?
The answer is no. Now apply this to learning technical analysis. It will take some time for your skills to develop but if you put the time in and have a decent iq its really not that hard.
You just have to remember whales know that most people are watching their stochastic rsi on a daily time frame. so they will make it look very bearish in that time frame then BTFO everyone with a big pump.

>> No.23967209

>>23966924
This is all bullshit. TA isn't astrology. However it's not as romantic as people make it out to be. It consists of people being completely apathetic and unemotional to what they're trading. Relying solely on patterns and plans. It's a game of capturing candles. People find their expertise, create a formula for making profits, and move on if/when it doesn't work anymore. From most peoples perspective it's brutally boring.

I think something like 95%+ of traders lose their money. That doesn't mean if you're disciplined you can make money. But it's a fucking grind.

That being said, Bitcoin is all about FA right now (CBDC's, Fidelity, Michael Saylor, Square, PayPal, gold ETF's going to Grayscale, BTC ETF's coming next year, inflation, inflated stocks/real estate, etc), PTJ, Druckenmeiller, JPMorgan flips... The TA guys have tunnel vision if they're not picking up on all this shit that's been happening the last few months. If you look at google trends it's clear that retail isn't buying hint hint, this aint 2017.

>> No.23967213

>>23967155
i am a guy who does his phd in finance and market micro structures and works as a data scientist on a trading floor for electricity.

only because i dumbed everything down for lay people to understand it does not mean that i dont have substantial reason for what i said.

i mean, what are your credentials? youtube videos and "experience". gtfo

>> No.23967237

>>23967187
>>23967209
people who dont have any business in finance. dont fall for these idiots stuck in their echochamber of trading

>> No.23967265
File: 19 KB, 385x383, 1605502274274.jpg [View same] [iqdb] [saucenao] [google]
23967265

>>23967213
>losing argument
>has no counterargument so he appeals to authority
midwit confirmed

>> No.23967331

>>23967237
You're very naive if you don't think you can make money in TA. Like I said, it's dry and you have to be disciplined, but if you think it's all witchcraft and that trading randomly gives the same or worse outcomes than a successful TA trader you're an idiot, frankly you just don't know what you're talking about.

>> No.23967332

>>23967265
>knowledge and credentials not authority
what have you to offer which might hint that you know what you are talking about?

how can i lose an argument where you didnt even address any of my statements. feel free to do so. i hope you have your citations and sources ready. because i do.

bring it on

>> No.23967343

>>23967099
>Guide To Investing: The midwit's take
oh am i laffin
you realize this is the strategy they teach to you because they know you are a midwit and cant handle real profits with the chad traders
is this really what they taught you in a PhD finance program? Where did you go to college? Mumbai?
holy mother mother of kek am i laffin

>> No.23967350
File: 875 KB, 968x745, A73D10FA-BF18-4C7D-B9D3-C04F503F5C45.png [View same] [iqdb] [saucenao] [google]
23967350

>>23967213
Wagecuck

>> No.23967384

>>23967332
ok so you paid for an education in finance and got a PhD. From your eyes trading is impossible there is no money to be made.
I got my education for free (besides initial losses) from the internet. Now I have profitable trading strategies.
If you seriously have a PhD in finance and think the only effective strategy is to buy and hold for 10 years i can guarantee your PhD is from a third world country

>> No.23967403

>>23967343
this is not taught, this is concluded from research

>>23967331
sorry, the whole academic body disagrees with you. you are not even arguing against me. you are arguing against all of academics. think about that maybe. are you wrong or are they? what are the odds?

>>23967350
cope more. probably earning more than you can wish for

>> No.23967406

>>23967213
I watch my favourite YouTuber "crypto lizard" who explains that bitcoin will reach 1m$ in January 2021.

I have a cooking PHD and certificate of longest ever masturbation. I also have Guinness world record for being the most overweight. Therefore it means I know all about topic of Stocks and TA due to my past achievements.

>> No.23967442

>>23967384
i got my education also for free... i mean im not from burger land

>Now I have profitable trading strategies.
no you havent

>> No.23967472

>>23967384
still waiting for you to address my points and why you believe they are incorrect. cmon. anything?

>> No.23967509

>>23967237
Direction of a trend is decided by people. the more people exercise the same strategy the more likely it is for an asset or a stock go that direction. Youre a pretty dumb person anon. Stock isnt just an algorithm generating candles basing on randomness, market is actually moved by LIVE people.

>> No.23967542

>>23967403
Guy has big ego along with big insecurities lol.

>> No.23967585

>>23967509
nice strawman...

>Stock isnt just an algorithm generating candles basing on randomness
i never even said that. i said that you cannot predict it.

try again...

>> No.23967655

>>23967542
says the esoteric to the scientist...

i mean feel free to challenge anything i said
>implying you can

>> No.23967675

>>23967384
nice surrender btw

>> No.23967689
File: 97 KB, 684x772, Screenshot from 2020-11-16 10-51-32.png [View same] [iqdb] [saucenao] [google]
23967689

>>23967472
>the virgin wagekek 7% gains per year
>vs the chad neet trader 50% gains in a week
do you think your portfolio of 100 rupees growing 7% per year is going to buy you a nice hut before you are dead pajeet?

>> No.23967724

>>23967585
I mean you are commenting on something you have never tried nor have experience with. What are we even arguing about this. There is thousands of educated people that will prove you wrong, but no, you plant flowers in your garden and now you're know all. GTFO

>> No.23967743

>>23967675
you might wanna head to a site called reddit bucko, it is a midwit friendly site

>> No.23967755

>>23967689
2nd reply checks out. Thanks for proving me right.

>> No.23967799

>>23967689
And your trades are based on what? Nice inspect element btw.

>> No.23967825

>>23967689
Youre just showing us your'e either inspect element expert or a degenerate gambler who took a course on khan academy and now acts like knows everything.

>> No.23967840

>>23967121
shorter time frames much less relevance

>> No.23967863

>>23967187
what you see in the BTC chart?

>> No.23967872

>>23967799
technical analysis...
having the opinion that TA is useless is like a caveman seeing fire and running because he thinks its a demon
the thing is there is a plethora of absolutely useless or even detrimental info out there on TA so its tough to get a good education on it. Really need to find a mentor who knows the ropes or suffer through a year of trial and error. Most will blow up their account in a few weeks so they never get the experience under their belt.

>> No.23967890
File: 325 KB, 1084x922, Screenshot 2020-11-16 at 17.03.31.png [View same] [iqdb] [saucenao] [google]
23967890

>>23967689
Stay poor, faggot!

>> No.23967913

>>23967872
Says degenerate gambler who can inspect element.

>> No.23967939

can you guys take a timeout and share some transit charting? like a source? I've waited a long time to see this content here and am well aware of the jupiter presence in the 4th week this month into next year. It just feels very artificial at this price and I didn't expect it to rise this fast.

>> No.23968006
File: 27 KB, 400x400, sPe325c-_400x400.jpg [View same] [iqdb] [saucenao] [google]
23968006

>>23967825
>you cant just make a profitable trade thats GAMBLING NONON NOOO
>>23967840
this guys got it. Especially true in such a strong bull trend.
>>23967863
We've got room to run up still in the high time frames, target is 20-21k. Now does that mean we are going straight to 20k? No. We can go sideways due to what we see in lower time frames, or have a dip.
When we see a dip we must determine if it will be sustained or just a shakeout. So then we refer to our higher time frames where we still see lots of room to run upward, thus concluding a potential dip due to the downward pressure we see in lower time frames is likely to be quick not sustained. Or what is known as a 'shakeout'

Overall it seems like we can have a quick shakeout to 14.5k in the short term but over the next month we are on our way to 20-21k

>> No.23968044

>>23967689
Im still curious how you trade without analysing the market. Returns looks sick too, 50% a week. Maybe you should start running the most successful hedge fund and become wolf of wall street 2.0. Youre full of shit, suck my balls with that inspect element.

>> No.23968079

>>23968006
You're a fucking retard. Looks like youre more and more against yourself.

>> No.23968098
File: 66 KB, 680x866, soygun.jpg [View same] [iqdb] [saucenao] [google]
23968098

>>23968044
>Returns looks sick too, 50% a week. Maybe you should start running the most successful hedge fund and become wolf of wall street 2.0. Youre full of shit, suck my balls with that inspect element.
literally you bucko
if you put the time in you could become profitable too after a year or two but instead you will whine and cry about how poor you are like a little fag

>> No.23968107

>>23967840
My point was, that divergence can be invalidated.

>> No.23968147

>>23968098
can you give us any insight into your trading method? Do you draw support/resistance lines? Do you use any indicators? What timeframes do you use? Are you a swing trader or scalper?

>> No.23968166

>>23968098
Its the opposite, you're the one crying about me being poor... You called TA an utter BS and later agreed on a TA.

>> No.23968212

>>23968147
he has economic PHD he doesn't do TA, he has insider info straight from Russian spies.

>> No.23968279

>>23968166
i think you are mistaking me for the midwit. Check the ids lmao i am the guy arguing for TA against the midwit....
>>23968147
swing trades. in crypto all you need is one good trade every few days and you can make monster profits... scalping can be done but it is risky and not really worth my time. I dont win much doing it.
I use fib lines and bollinger bands for price targets then a custom indicator to determine when reversals are going to occur.

>> No.23968339

>>23968279
so you basically trade reversions to the mean? On what timeframe?

>> No.23968368

>>23968339
i look at all timeframes... the more the better
the more time frames that agree with your idea the stronger chance that your idea is right

>> No.23968374
File: 42 KB, 500x517, b314d7e8-1487-450c-8672-21c4d7846e6e..jpg [View same] [iqdb] [saucenao] [google]
23968374

>>23966799
>>23966799
>>23966799
is there access to digestible popular charts that you use?

>> No.23968417

>>23968368
you use the custom indicator and bollingers to spot the reversal? Fibs to determine your take profits? Does your custom indicator work on price data only or volume as well?

>> No.23968514

>>23968417
bollinger bands are used by the big boys these days to determine where to accumulate, where to take profit etc. So you have to follow their rules. Its basically where the bots will be buying and selling.
Fibs determine targets from a longer distance.
the custom indicator takes into account price action, volume, moving averages etc. It is sort of like an rsi but utilizes more data

>> No.23968543

>>23968514
ok thanks

>> No.23968615

>>23968417
really the main thing to know is whether you are in a long term bull trend or bear trend. If you know that then you can make money trading very easily.
and we are in a bull trend.... so you know what to do. buy dips and be greedy on your longs.
if the trade goes against you get out quick.
Its really not that complicated and a lot of it you just have to dive in and get experience hands on. I suggest you start off with a small 5% of your stack when learning because you will lose at first. Everybody does.
The trick is not losing it all before you can get some good experience under your belt. Basically the goal is to just survive until you get experience and you do that by trading with small amounts of your stack and utilizing stop losses to get out of bad trades quickly.

>> No.23968851

>>23964856
divergences against rsi are shit, try against macd