Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
On the brightside, I only started using longer dated charts after we dropped Covid Black Monday off the 2-year charts.
Investing General Discussion
- Thread starter Furious
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Jysin
Ahn'Qiraj Raider
- 6,548
- 4,552
Fwiw, I have a script on eSignal to overlay the daily 20ema and 50, 100, 200 sma’s on any timeframe chart. This way I can trade off my 5min, 1min, or 24sec timeframe charts depending on what setups I’m trading and they’re always in clear view. I’m sure there’s equivalents out there for ToS etc.
Btw, still shocked a few of you aren’t using TradingView charts. They are the best bang for buck out there and make integrated ToS / Fidelity charts look archaic by comparison.
Keep an eye out during Black Friday sales, as you can get something crazy like 60% off the annual subs. I’m sure I will remind and link here during the sale. I’m also making the move away from eSignal to TradingView. Not just the cost savings, but the features are constantly improving and impressive.
Btw, still shocked a few of you aren’t using TradingView charts. They are the best bang for buck out there and make integrated ToS / Fidelity charts look archaic by comparison.
Keep an eye out during Black Friday sales, as you can get something crazy like 60% off the annual subs. I’m sure I will remind and link here during the sale. I’m also making the move away from eSignal to TradingView. Not just the cost savings, but the features are constantly improving and impressive.
- 2
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
S&P has logged 5 straight red days. Six straight is a really rare occurrence. Not going to surprise me that we see a heavy green day today.
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
If I was a "trader" I would invest in some more tools. Up until this mistake I was making with ATP, it has given me the info I need. I use Macrotrends a lot (the free version) for charting price metrics (like historical PE). I also like how Marketwatch displays corporate financial documents (income statements, balance sheets etc).
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
Blazin
Creative Title
- 7,243
- 36,871
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
Jysin
Ahn'Qiraj Raider
- 6,548
- 4,552
The more frequent we keep testing these lower levels, the more likely the break. Could also easily just flash lower and get bought back up (overshoot). This scenario to break and reclaim would be a decent buy signal for me.
disclaimer: I’m typing this on a beach in Croatia, so detached from the finer detail of what’s going on.
disclaimer: I’m typing this on a beach in Croatia, so detached from the finer detail of what’s going on.
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
Did you by any chance make a quick stop near Denmark to visit the Nord Stream pipeline on the way to Croatia?
- 1
- 13,549
- 52,707
Am I wrong or wouldn't normal Bear Flag theory say that since the initial drop was ~$4, the second drop will close to match it? Putting QQQ around 274.5 at the end?
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
I dont really deal in the various theories. I looked at the chart and just say increased selling without any show of strong support to the buy side.
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
- 13,549
- 52,707
Fair enough. It just sunk into my head because there's a BTC technical analysis channel where a piano player has worked it into a lyric about "Take the pole and slide it down and there you have the end" for bear flags.
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
Think I got it corrected. It was of course user-error. I had made copies of a number of charts back in the Covid hey-day and I guess one of them got corrupted and wouldnt allow daily frequency over a long time period. This look better?
- 2
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
Sanrith Descartes
You have insufficient privileges to reply here.
- 45,823
- 126,497
So the biggest issue of 2007/08 in my opinion wasnt the housing bubble (though it was the driver), but the liquidity that dried up as a side effect. Liquidity impacts every aspect of our economy. Businesses dont function without it. Back then, we had some things the Fed could do (QE, interest rates). Today though? Honest question. What can the FED do with inflation roaring, the dollar soaring and liquidity fading? This isnt a rhetorical question. I dont see any options. Cant QE/Operation Twist, cant lower rates, cant inject liquidity. I mean technically they can lower rates but of course that just lets inflation act like a wildfire.
- 1