https://www.tradingview.com/x/1H2l0NE1/

just keep it simple.

Divergences galore on all the big coins right now in crypto...even mega-bears should consider some swing longs here.

find 1-3 "indicators" or systems...obsess over them until the point of mastery AND then look for your own unique ways of implementing/applying said system (dependent on having some natural ability to spot patterns and solve puzzles).

Crypto market is full of cucks fawning over whatever hot new p.o.s. TA system that shows up on twitter. More TA != good TA. Be very wary of anyone who publicly flaunts their "knowledge" of TA by showing how they know so many indicators (let's face it...vast majority of these indicators are very simple to learn).
Anyone that has found an edge worth paying for is probably not offering it publicly until they know it's eroded and/or they retired from implementing it themselves.

I can't remember how in-depth he got into the why but the Schwager "Getting Started In Technical Analysis" is a good beginner read.

Meh. I don't see BTC recovering any time soon.

In my opinion (which admittedly is noobish and could be way off) the reliability of specific TA concepts like divergence in accordance with markets goes something like...

FX > Commodities >>> Equities >>>>>>>>>> Crypto

it's not a swing trade for new ATHs...simply a counter rally should be on the table. BTC fell over 50% in a little over a month

This just sounds like some sick gambler at a roulette wheel.

You seem to assume far to easily you have some +ev system. Do you really think its that easy?

I never once claimed it was a +EV system. If you go back to the post and employ a little reading comprehension, you will see that it was an idea being spit-balled.

And the part you quoted is simply saying that if you decided not to daytrade, and took maybe a two or three day approach, a lot of the losers would’ve actually been winners. However, some of the one day winners would likely turn to losers as well, so a bit of a wash I suppose. Either way, I was essentially saying “your results may vary” depending on how you approach it.

But once again, at no point did I say this was the key to riches, or even a positive expectancy system. And before you say it... NO - inheritant in me posting it does not assume I believe it to be +EV. If anything, I wanted to get the ball rolling on an idea that was actually TA-related in the hopes that this doesn’t devolve into some Toothsayer/TurtleTom dick-swinging fest. Because God knows, we need more of that.

Just like in the few first pages of my “micro-stakes” thread - you have quite the annoying propensity to make baseless assumptions. At least TS in his dickishness manages to expound upon why he thinks someone is doing the wrong thing. How about actually being useful and giving a constructive response as to why the idea is -EV?

Yeah you basically are claiming its +EV.

I literally stated what is staring you right in the face... That over the course of that particular time-frame there are nearly 2:1 entries that would turn out winners (dependent of course on exit strategy) compared to losers. Nothing more. I made zero inferences about how this would perform on a long-term basis.

It would behoove you to read, digest, and then respond based on what has actually been said. Not on what you assume is going on in other people’s heads.

"Location: www.tradethe9s.com"

if this one posted above continues to play out nicely the below divergence becomes my biggest swing target. XMR also THE safest alt to gamble on in a bear market BY FAR imo.

https://www.tradingview.com/x/FtCDWUYk/

yes I code scanners / indicators related to TD / ideas I spawn from TD...AND yes I probably talk a little too much strategy with the people who subscribe to my alerts (they aren't buy or sell recommendations....simply TD signals meant to save traders **** tons of screen time).

There's a lifetime of patterns and strategies that can be found from just even base TD Sequential.

that site is outdated btw. I hate front-end development so dunno when I will get around to updating it.

If anyone in here has a unique and/or interesting indicator idea they want to see visually or have backtested pm me. I've had to do a lot of coding in pinescript in tradingview since November so I want to get all nonsense I can done in it before moving back to c# (different approaches to programming between the two).

I don't trade traditional markets right now but just posting this so I can come back and see how plays out (something I use in crypto but haven't backtested in traditionals...but so far everything I do in crypto actually works better in every other damn market :/ ).

1st orange line I don't think will hold but 2nd orange line I think kicks off next sustained rally to new highs.

https://www.tradingview.com/x/0fwd9xC8/

Duffman proving precisely why I've actively discouraged technical analysis on 2p2.

It quickly turns into AIDS worse than me/turtletom discussions as every cuck who can't beat the market enough to not need to sell strategies tries to sell their loldatasnooping strategies to even bigger cucks who can't beat the market.

Two days in a row of SPY rebounding off the 253.50 mark. Tooth, are you sure support/resistance levels aren’t a thing?

This is exactly the kind of zero-alpha confirmation biased ******ation that makes technical analysis the absolute AIDS of money making. You are destroying any potential alpha wasting your brain cells on this trash.

Or, since this a true believer thread, I could say: agreed. I think the market is likely to go higher. This is classic double bottom...it's a frequent pattern and it usually rips higher afterwards. This pattern works across commodities, FX, stocks, hell, it even works on random walks:



Who you gonna believe, math and logic, or your own eyes? Clearly this is a double bottom and the rip afterwards just confirms it (it took me 7 presses to generate such a clean pattern).

Stop baiting me. This is a true believer thread. It was only the absurd selling of TA patterns that got me to comment. A lapse. I will self-ban from this thread.

Oh and a clue: mrbaseball doesn't do the kind of TA that you do. Not even remotely related to it.

wtf is datasnooping?

I never actively advertised or linked anything in these threads...someone calls out my website and I replied.

Amazing how one cancerous sore can bring the quality of an entire forum down.
I'm done posting in any of these threads.

Answer:
Jesus Christ. You're selling technical signals and you don't know what data snooping is?
Wasn't suggesting you were spamming
Yeah, pretty much every other stock forum on the Internet is ruined by -EV technical analysis traders.

I mean, this thread was an olive branch and then people WHO DO THIS FOR A LIVING just lay out zingers like "wtf is data snooping".

Well this is some nonsense but I guess it does mean that TA really is thing. If a bunch of tards buy xyz at x price because it's a support level then shorting these overbought levels is the play!

More on data snooping and its importance and impact on technical signals:

The impact of data snooping on the testing of technical analysis: An empirical study of Asian stock markets

I don't know much about technical analysis but I've read today that the US stock market is experiencing ominous-sounding "death crosses " indicative of a coming crash. Hopefully there is some sort of anti-death cross incantation to combat this worrisome development.

Lol death crosses

I would just like to point out what an absolutely amazing and reliable technical setup "la bourse est morte" is. SPY dumped from the $260 you see in the image above to $234 in no time. There are actually good reasons for why this technical indicator is so reliable and strong (although rare) - the "body" is a failed weak rally into strong sell pressure, followed by a mini capitulation around the neck back as it goes back to lows. The start of the head represents MMs/CME throttling sells, after which they're slowly released back, forming the smooth rounded head. It's an indication that sell pressure is intense and going to continue, as this level of panic throttling doesn't happen until there's strong data on continued negative flow.

Tooth wrote today's XKCD strip: