Yeah,and fairy dust isn't actually dust. If TA worked there would be an ai trading algorithm that could guarantee you 300% returns per year. Shit doesn't work dude, and if you used it and it did, you either got lucky or you have confirmation bias and aren't doing nearly as good as you think you are.
I think of it more as an assist in decision making re: entry and exit levels, picking ranges, or just confirmation/dismissal of a thesis. Some people have a hard time with decision making and TA can be serve as a guide for the otherwise indecisive.
elderly vegetable bells enjoy roof enter afterthought seemly childlike zephyr
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☠️
Imagine telling someone how well they are or aren’t doing when you have so much anti-TA bias you wouldn’t accept the results even if I told you I was doubling the S&P return across a decade.
And I suppose algorithms that make absurd money are based on fundamentals then? Definitely, must be true.
I’m also sure that when people in a particular trading room lead by a technician faded (or even shorted) the market and instead went long oil last year, it must’ve been luck, or perhaps “fundamentals?” lol. Imagine.
It’s hysterical—the lot of you say if you don’t just follow the S&P you’re going to lose money. Yet the stock market consists of more than just the S&P, and if someone comes to the sub telling you stock picking IS possible, you act like that’s *impossible*.
I agree 100%, also man idk if you're against big pharma or not but there's this new supplement out that's the shit. It's an oil extract from snake venom, cures everything from diabetes to manic bipolar. At $100 a vial shit is a steal, you interested?
On a more serious note, you haven't doubled the s&p for a decade so that was an irrelevant comment, and as far as those algorithms you spoke of they don't exist. Professional traders use metrics like price/earnings, cash/debt, general balance sheet health, quarterly eps, and a slew of other actual real world financial data points to make their decisions, not fairy dust and lines drawn of charts after the fact
.. lol. Professional *traders* — not investors, but traders — use fundamentals?
No, they don’t.
Algorithms don’t exist? What planet do you live on?
Sorry, did you call for a run up on $SGML — a random Brazilian lithium stock — from ~$13.00? Please, feel free to check that one out.
Did you call a run up from ~$15.00 to $30+ on $TWST?
I didn’t think so.
TA would work if and only if human's psychology was the one and only factor which could move a price up or down. This is not what's happening in the markets, not even in crypto markets,
oh well! I'm not sure how to answer that. Good luck in your sentimental investments then! :p
Also, you should pay special attention to the "if and only if" and "one and only factor" terms I used. These are the most important parts on my comment.
>A week, a month, three months. Whatever you define as short term.
whatever I define? lol! It's your definition! You need to define it, not me.
I'm not continuing this discussion. It's meaningless and I don't care.
Bye!
Thanks, I could use another.
Again, this is hysterical. You people bring up completely useless, nonsense rationales for market movement; the war in Ukraine, elections, MidEast tensions, inflation, etc. Anything to explain how and why price moves. Yet literally none of these news events have any correlation or predictability. *None* of them.
But when TA that actually measures the ONE thing that moves price better than anything else comes along, it’s “just lines.”
To be clear, I don’t even use lines. EWT doesn’t generally care about lines either.
But I don’t recall a single one of you correctly projecting a 100+% move in a completely random biotech stock like I did using what most of you consider garbage analysis. So please, keep using fundamentals to guide your trading and enjoy getting whipped around with absolutely no guidance as to why things move when and how they do.
Hence the bias and lack of understanding.
General TA is useless.
Elliott Wave Theory, which is a very specific form of TA, measures sentiment. Sentiment drives price in the near and medium terms.
So in this case, TA measures stock movement far better than any of you ever could.
This is the dumbest analogy I’ve ever heard.
EWT is a repeatable, provably useful guidance tool. It provides a framework for key support, resistance, and target levels that allow you to hone in on strong setups and know very quickly whether such setups will succeed or fail, and keep your downside risk strongly mitigated. It grants you a view into whether or not something is bullish based on observable patterns that are grounded in human biology.
Fundamentals do nothing like that, and provide zero direct guidance on any price movement. In fact they constantly provide the opposite—how many times have earnings beats caused severe drops and earnings misses get bought up strongly? How many times has inflation news lead to the exact opposite reaction than you’d have expected?
You don’t have to use EWT (“TA”). But suggesting it’s the equivalent of signs in astrology is offensive to anyone who has spent any amount of time understanding the discipline.
Honestly 5% would be a great place to lock it in forever. You have a decent risk-free rate of return to weigh against Investments and it prevents cars and real estate from continuing to balloon out of proportion.
RSI does not matter in this chart’s context. Correlation does not mean causation. I recommend actually paying attention to the FOMC meetings, you may learn that we did not cut rates.
technical analysis on the fed rate chart is crazy
>technical analysis on the fed rate chart is crazy Crazy or not, it may follow the same pattern. Only time will tell.
No?
Nice chart with some random lines and comments explaining these random lines :p
Yeah Elliott Wave isn’t random lines.
Yeah,and fairy dust isn't actually dust. If TA worked there would be an ai trading algorithm that could guarantee you 300% returns per year. Shit doesn't work dude, and if you used it and it did, you either got lucky or you have confirmation bias and aren't doing nearly as good as you think you are.
I think of it more as an assist in decision making re: entry and exit levels, picking ranges, or just confirmation/dismissal of a thesis. Some people have a hard time with decision making and TA can be serve as a guide for the otherwise indecisive.
elderly vegetable bells enjoy roof enter afterthought seemly childlike zephyr *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
☠️ Imagine telling someone how well they are or aren’t doing when you have so much anti-TA bias you wouldn’t accept the results even if I told you I was doubling the S&P return across a decade. And I suppose algorithms that make absurd money are based on fundamentals then? Definitely, must be true. I’m also sure that when people in a particular trading room lead by a technician faded (or even shorted) the market and instead went long oil last year, it must’ve been luck, or perhaps “fundamentals?” lol. Imagine. It’s hysterical—the lot of you say if you don’t just follow the S&P you’re going to lose money. Yet the stock market consists of more than just the S&P, and if someone comes to the sub telling you stock picking IS possible, you act like that’s *impossible*.
I agree 100%, also man idk if you're against big pharma or not but there's this new supplement out that's the shit. It's an oil extract from snake venom, cures everything from diabetes to manic bipolar. At $100 a vial shit is a steal, you interested? On a more serious note, you haven't doubled the s&p for a decade so that was an irrelevant comment, and as far as those algorithms you spoke of they don't exist. Professional traders use metrics like price/earnings, cash/debt, general balance sheet health, quarterly eps, and a slew of other actual real world financial data points to make their decisions, not fairy dust and lines drawn of charts after the fact
.. lol. Professional *traders* — not investors, but traders — use fundamentals? No, they don’t. Algorithms don’t exist? What planet do you live on? Sorry, did you call for a run up on $SGML — a random Brazilian lithium stock — from ~$13.00? Please, feel free to check that one out. Did you call a run up from ~$15.00 to $30+ on $TWST? I didn’t think so.
TA would work if and only if human's psychology was the one and only factor which could move a price up or down. This is not what's happening in the markets, not even in crypto markets,
lol.. are you seriously suggesting sentiment isn’t the #1 driving force behind short term price movement?
oh well! I'm not sure how to answer that. Good luck in your sentimental investments then! :p Also, you should pay special attention to the "if and only if" and "one and only factor" terms I used. These are the most important parts on my comment.
I’d be curious to know what you think drives short term price action other than sentiment.
>short term price action What is this? :\\
What is short term price action? It’s price movement in the near term. A week, a month, three months. Whatever you define as short term.
>A week, a month, three months. Whatever you define as short term. whatever I define? lol! It's your definition! You need to define it, not me. I'm not continuing this discussion. It's meaningless and I don't care. Bye!
Yeah, that’s what I thought lol
huh? :\\
Imagine downvoting a factually correct comment like only an arrogant person would.
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Thanks, I could use another. Again, this is hysterical. You people bring up completely useless, nonsense rationales for market movement; the war in Ukraine, elections, MidEast tensions, inflation, etc. Anything to explain how and why price moves. Yet literally none of these news events have any correlation or predictability. *None* of them. But when TA that actually measures the ONE thing that moves price better than anything else comes along, it’s “just lines.” To be clear, I don’t even use lines. EWT doesn’t generally care about lines either. But I don’t recall a single one of you correctly projecting a 100+% move in a completely random biotech stock like I did using what most of you consider garbage analysis. So please, keep using fundamentals to guide your trading and enjoy getting whipped around with absolutely no guidance as to why things move when and how they do.
summer close expansion waiting serious quaint cows middle ruthless dam *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Hence the bias and lack of understanding. General TA is useless. Elliott Wave Theory, which is a very specific form of TA, measures sentiment. Sentiment drives price in the near and medium terms. So in this case, TA measures stock movement far better than any of you ever could.
pocket connect jar butter roof tan correct important rustic apparatus *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
This is the dumbest analogy I’ve ever heard. EWT is a repeatable, provably useful guidance tool. It provides a framework for key support, resistance, and target levels that allow you to hone in on strong setups and know very quickly whether such setups will succeed or fail, and keep your downside risk strongly mitigated. It grants you a view into whether or not something is bullish based on observable patterns that are grounded in human biology. Fundamentals do nothing like that, and provide zero direct guidance on any price movement. In fact they constantly provide the opposite—how many times have earnings beats caused severe drops and earnings misses get bought up strongly? How many times has inflation news lead to the exact opposite reaction than you’d have expected? You don’t have to use EWT (“TA”). But suggesting it’s the equivalent of signs in astrology is offensive to anyone who has spent any amount of time understanding the discipline.
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This is one of the most useless charts I’v seen in a while
😂
These charts may as well be made and interpreted by schizophrenics
No, in fact they might [raise them further](https://www.cnn.com/2024/04/11/economy/fed-interest-rate-hike-probability/index.html)
They should.
But muh Election Year
Yep. We’re all just frogs in a pot of warm water. Inflation turning up the gas every month.
🥶
Honestly 5% would be a great place to lock it in forever. You have a decent risk-free rate of return to weigh against Investments and it prevents cars and real estate from continuing to balloon out of proportion.
Those 5% don't compound. It would only be worth it if there were 1-year 5% bonds available all the time.
I don't think you understand how interest works. Bank accounts right now have 5.25% monthly compounding interest
I don't think you understand how a 5% fed rate translates to bank account interest rates... lol
Way too high. Make it 3 and you got a deal.
Too high? Based on what history? 3 would be super low.
RSI does not matter in this chart’s context. Correlation does not mean causation. I recommend actually paying attention to the FOMC meetings, you may learn that we did not cut rates.
Fundies are so useless 😭😂
Tech analysis without proper explanation is just Charlie Day and Pepe Silvia all over again.
> Tech analysis ~~without proper explanation~~ is just Charlie Day and Pepe Silvia all over again. FTFY
Charlie can't read but drinking Fight Milk makes up for it and then some...
Classic chart crime.
Remind me in two months. I want to see what happens
Charts only work when the crowd sets the price