/biz/ - Business & Finance

[Anonymous No.29292766]

If TA worked wouldn't making money be piss easy?

[Anonymous No.29292797]

wtf is ta

[Anonymous No.29292825]

>>29292766
yes

[Anonymous No.29292867]

>>29292766
Yes. Wow, you already figured out it's bullshit, good job.

[Anonymous No.29292877]

its called RSI and Stoch, when they both dip like this its a short term buy signal, buying and selling bounces are pretty easy with this I have found.

[Anonymous No.29292904]

tits-ass

[Anonymous No.29292946]

>>29292766
Here is one for AMC , again same signals.

[Anonymous No.29293152]

>>29292877
>>29292946
Is tradingview worth paying a subscription for, anon? The UI is so clean. Does it have every single shitcoin? (though I'm presuming you're a stocks guy)

[Anonymous No.29293272]

its hindsight bullshitting. signal for moving up, is also signal for moving down, but now its a *trap. somebody should code a statement and prediction crawler of all this youtubetwatter bullshitters and then actually compare their right-choice-rate. but nobody cares to check their last week bs statement because now the flashy thumbnail shows some rocket and 1,000,000 moon and off your thoughts are. its hindight bs.

[Anonymous No.29293351]

>>29292766
>he doesn't use the most common TAs as inputs to neural networks
>he thinks it doesn't work
ngmi

[Anonymous No.29293463]

>>29292766
It does and it is.

[Anonymous No.29293527]

>>29293463
hmmmmm...

[Anonymous No.29293716]

>>29293272
I watched a few of Alessio Somethingsomething YouTube TA videos once. He made five bullshit predictions on crypto price movements in a row and that is with major hedging statements saying this could happen but also the opposite is possible. He never addresses his consistently wrong he is, but boy will you hear it is he was right.

[Anonymous No.29293761]

>>29293351
Show source code and backtests or STFU

[Anonymous No.29293793]

Miss Cleo can read the ta for you, call today.

[Anonymous No.29293807]

>>29292766
because of fractals ta is unreliable. you never know which fractal will make you money and which ill lose you money and often enough you will get contradictory signals.

[Anonymous No.29293865]

TA is for fucking faggots it doesn't work and nobody highlights when it's wrong they just make YouTube videos about when it's right.

[Anonymous No.29293867]

>>29292766
TA sometimes works in the short term because people think it works but even then it isn't always certain.

[Anonymous No.29293937]

[Anonymous No.29293942]

>>29293761
of course I'm not going to spoon feed you but it's as easy as using TA values as features into a regression network

[Anonymous No.29294032]

>>29293942
Any indication of alpha or other performance metrics of your pipeline?

[Anonymous No.29294282]

>>29292766
>If TA worked wouldn't making money be piss easy?
As a trader I've told people many times this. Not a single one go out and do it. They want to win the lottery, not actually do anything for money.

[Anonymous No.29294283]

>>29293152
I am a crypto guy, I was just using TA to look at anything. I do well enough with the free version of trading view.

[Anonymous No.29294353]

>>29292766
Of course it works. Most people are just shit at it

[Anonymous No.29294454]

>>29294282
this.

it is really quick and easy to set up a TA trading simulator and run it on historic data. a simple MACD signal-lag cross trigger can yield surprisingly good results, and you can just trial and error what EMA parameters are best.

[Anonymous No.29294456]

>>29293942
who has the free time or know how to even do that even if you spoon fed it.

[Anonymous No.29294471]

>>29293867

if it worked more often than not, making money would be piss easy. it doesn't work, period.

[Anonymous No.29294555]

>>29294471
it probably works but it's one of those skills which needs a lot of time, experience and autism to get the hang of
For the average Joe like us there's no more than a 55% chance of being successful with TA. For an experienced trader it's more like 70%.

[Anonymous No.29294597]

>>29294454
Ya I am knew to TA and I am using MACD as well. It's sad how much /biz hates TA and there almost 0 threads discussing it or sharing their TA predictions. Mostly FUD, FOMO, or shilling some shitty coin. I don't know why I am here. Happy to at least see some minor discussion about TA for once though.

[Anonymous No.29294685]

>>29294471
let me guess you are in your early 20s you read a 200 page book recently and think you know everything. Yes please tell me how TA is completely nonsense with 0 qualifiers for that claim.

[Anonymous No.29294728]

>>29292766
TA works the same as the Weather Reporter works
If they were right 100% of the time then no one would be stuck out on a rainy day

[Anonymous No.29294818]

>>29292766
>he doesn't know
kek, ta is nothing but an indicator, like a check to see if something is going up or down, it shouldn't be the primary reason you invest in or liquidate something

>>29292797
Technical Analysis, it is a stock market term for noticing patterns in line/candle charts and determining the potentiality of increase or decrease of price. There is a stock market general here lurk a little

[Anonymous No.29294833]

>>29292766
TA works but you always sell right before moon, don't you?

[Anonymous No.29294858]

>>29294555
>For an experienced trader it's more like 70%.
Try 99%.

There are times I get it wrong, but I quickly sell or buy at a loss. It's a minimal impact of 0.01% overall.

It's literally FREE MONEY.

Here's a chart we can all see where we stand on our TA. It's BTC right now.

Here's my answer, it's the start of a double bottom. There you go. it's going to go back down to 56.8k then go to 58k

[Anonymous No.29294886]

TA only works if people/bots don't use it(on a large scale). It's kind of like search engine optimization, a ratrace to stay ahead of the curve.

[Anonymous No.29294949]

>>29294858

[Anonymous No.29295042]

>>29293807
exactly

[Anonymous No.29295089]

>>29294858
>>29294949
Interesting
Then after 58k it'll go to 63k Fibonacci?
Do you think the markets will crash later this month or March?
I've been wracking my mind recently because March is supposedly a historically bad year. Yet there may be a $2t stimulus in March as well.
What do you think, knower anon?

[Anonymous No.29295100]

Look at BTC chart and tell me where it will approximately be:
EOD
EOND
EOW

[Anonymous No.29295180]

>>29295089
Not the same user, but this whole March shit sounds like it's going to become a self-fulfilling prophecy because humans naturally tend to try to find "reason" or "patterns" even if there aren't any.
We're at an unprecedented level of mainstream knowledge and exposure, it might crash in March, or the amount of attention it's getting may cause the bullrun to artificially extend up to like 80k.

No one knows, anyone claiming to know is just bullshitting.

[Anonymous No.29295344]

>>29293942
Show me your risk adjusted returns compared to btc/usd of gtfo

[Anonymous No.29295411]

>>29292797
Interpreting comments like yours as a sell signal, you dumb fuck.

[Anonymous No.29295436]

TA is a tool for you to use, if you rely on TA only you will get burned though. Just like if you rely only on fundamentals you will get burned.

The reasoning for this is that TA at best only shows what has happened in the very recent past. It can have predictive power for the future but this needs to be confirmed with something else if you're going to trade correctly, like a bull thesis based off of fundamentals that the technical indicators show that the market is increasingly adopting, or by observing the price action live and seeing the trends that the indicators predict are coming true.

Here are trendlines I drew on the $PLTR chart on a day when I already had a bullish thesis for the stock based on the price action from the day before. The stock traded almost exactly like how technical indicators suggested it would. I'm a fundamentals-biased investor, but I do use technical analysis to confirm my thesis, when I see a stock is trading very much like the technicals would suggest then that suggests I have a strong thesis and the thesis is being increasingly accepted by the market.

You can see that trading on the day starts off with two bull flag formations being formed one in quick succession of the other as the stock breaks through a previous resistance level at 26.20 set in the previous session. The stock then continues to climb and breaks through that resistance level before rejecting off of 27.40 where a new resistance level, the stock bounces between 27.40 and 26.20 before it prints another bull flag formation and then again a second right after that at which point the stock rips off on an extreme tear up to the $29.80 level. A fifth bull flag formation begins to appear, but the level of consolidation happens outside of the triangle shape needed for it to be a true bull flag, and the stock drops again back to the $28 level. 1/2

[Anonymous No.29295483]

From there the stock trades almost exactly within trendline range drawn from the previous bullflag formations and the creation of the resistance levels. The stock continues to bounce in that range before printing yet a 5th bullflag formation as it smashes through the $29.50 resistance level which had been set on that week's day of trading following a bad earnings call, and begins to again test the $29.80 level set as the high of the day before the trading session ends.

I absolutely do not make my entry or exit decisions based off of technicals, like I said I'm fundamentals-biased. However, when I see a stock trading in a way that is very correlated to what technicals would suggest, it tells me that the strongest bull thesis or strongest bear thesis for the stock (depending on which direction it is trending) has a good level of certainty now attached to it and that it is increasingly being accepted by the market.

The reason for this is that technicals don't really show you how a machine thinks they show you how people think. Technicals are a mathematical way of understanding the market's psychology. When a stock is trading at extremely high volume, with a lot of movement, and it is trading exactly in the way that the technicals suggest it will, then that suggests that a very strong thesis for the stock is being increasingly accepted by the market and what the technicals show is the rate at which it is being accepted. 2/2

[Anonymous No.29295565]

>>29292766
It is that easy... Think probability, some strategies work more often than not and overall you should have a net win compared to losses. Don't fall into the "falling crow upside down somersault pattern" meme traders

[Anonymous No.29295658]

>>29295436
You're using past charts, do one in the current right now to prove your salt.

>>29295483
I do fundamentals first, technicals second. Even before that I don't trade dogshit coins. I will never touch doge.

[Anonymous No.29295886]

>>29293942
how much compute are you throwing at this?

[Anonymous No.29295925]

>>29295089
>Then after 58k it'll go to 63k Fibonacci?
If we are looking at a Macro scale for far future predictions in March/April/May then I think it will go to 200k this summer, then crash to 100k.
The reason I think that is because all the other crashes do a 4x then crash.
It went from 5,000 to 20,000 in 2017. It went from $200 to $1000 in 2014.


That's thinking that it CAN crash. I wonder if Bitcoin can actually crash anymore now that institutions hold it.

You should be actively trading BTC to keep stacking sats all the way up to 200k.

[Anonymous No.29295973]

>>29295658
Well I drew on that chart live as it was happening. Also all charts are past charts, the chart can only show you what has happened in the past, even if it happened in the extremely recent past. That's why I said if you're not going to at least pair TA with a fundamental analysis it is important to at least observe the live price action and know how to trade off of price action because price action can only be observed live just like technical analysis can only be applied to the past.

[Anonymous No.29296076]

Depends on what you're trading. If everyone is analyzing technicals then the technicals will follow predictable patterns.

[Anonymous No.29296123]

>>29295925
let me save you some money and say its definitely not hitting 200k without a crash happening first

if you want to be safe, sell at 80k. moderate sell at 90-100. anything more is just a huge risk and your asking to lose all your profits.

[Anonymous No.29296137]

>>29292766
it does work, normalfags and ADHD zoomers just only try to use it on 5m timeframes where they don't matter in the long run; anything below 4hr is just retarded for TA

[Anonymous No.29296249]

>>29293152
Use the indicators on ftx

[Anonymous No.29296410]

red wojaks - buy
green wojaks - sell
this is my TA

[Anonymous No.29296492]

Oh yeah bro TA totally doesn't work haha

[Anonymous No.29296510]

>>29293351
I got interested in the possibility of using neural networks for prediction, but I have a somewhat crazy idea - use the images from the catalog of /biz/ as training data.

[Anonymous No.29296617]

>>29294949
How you feel about RSR , Im thinkin its ready for another push.

[Anonymous No.29296717]

>Yes. Wow, you already figured out it's bullshit, good job.

[Anonymous No.29296763]

>>29292766
John Bollinger Net Worth:
$50 Million

[Anonymous No.29297034]

>>29294454
>>29294282
Have you found that TA works best on a specific timeframe? (Minute to minute, days, hours etc)

[Anonymous No.29297899]

>>29296510
That sound's wildly inefficient, are you just trying to capture some kind of sentiment? I think scraping tickers and coin names then working from there would be better

[Anonymous No.29298032]

>>29296617
whats that rainbow nonsense anon

[Anonymous No.29298120]

TA deniers are the flat earthers of making money

[Anonymous No.29298443]

>>29293942
brainfag detected
TA works, but don't expect anyone to drop breadcrumbs because of reasons

[Anonymous No.29298567]

>>29292766
with certain assets (gold, sometimes forex) you can geniunely see where buyers and sellers are camped out at and find good entry points with trades. all that matters is the chart though and most indicators are shit

[Anonymous No.29298600]

>>29298032
its my modification to the standard Pitchfork since crypto is on an order of magnitude grater volatility thus the extra levels. The colors were default , im too much of a lazy gay tranny to change them.

[Anonymous No.29298657]

>>29297034
no one is going to answer this question because it's an essential parameter

[Anonymous No.29298838]

>>29292797
thanks in British slang. Brits say thanks a lot but nobody believes their niceness is real.

[Anonymous No.29298898]

>>29294456
maybe you?
(understand that people with market-beating strategies are reluctant to share their findings) I wish I could show off but I know it would be counterproductive for my money. I would not even sell my know-how, whatever the price tag.

[Anonymous No.29299447]

>>29293351
Did that already found that neural nets are one of the least optimal ways to use ML in finance. Barely work for anything outside of Image processing.Tried standard and LTSM.

[Anonymous No.29299840]

>>29295886
You need less compute than you think depending on the algo,often having over 20k datapoints for training will lead to worse results as you can optimise too much for old market regimes.

[Anonymous No.29299992]

>>29298120
TA is astrology, quantitative analysis is astronomy, change my mind

[Anonymous No.29300117]

>>29296492
kek

[Anonymous No.29300291]

>nobody hear seems to understand how to use ta
>literally think youre making an ironclad decision it goes up or down and trading on this

[Anonymous No.29300500]

>>29292797
Teansient analisis its confirming graphics

[Anonymous No.29300510]

>>29299992

[Anonymous No.29300554]

>>29292766
Making money is piss easy. You just need to use multiple wicks to confirm your patterns and keep an eye on volume.

[Anonymous No.29300625]

>>29294818
>TA is an indicator
It's a collection of indicators that specifically tell you are other traders and investors are behaving and have behaved in the stock. It's not just noticing patterns either. Anyone who thinks this is an amateur.

[Anonymous No.29300684]

>>29294886
TA works best when others and bots use it. TA is confirmation bias at its best to the point where it has a legitimate short-term effect on a stock.

[Anonymous No.29300688]

>>29297034
>>29298657
In theory it works on every level, but its easiest to trade on whatever timescale is relative to the coin/stock you're looking at, and how volatile they are

I.e. oil stocks are trading slowly, and a daily/weekly chart works best. Extremely volatile high volume shit like bitcoin you can trade down to the minute (but good luck doing analysis that fast)

And you can always trade at a larger timescale, the only issue here is that intervening events can happen, so its more of a sweetspot thing.

[Anonymous No.29300724]

>>29292797
that ass

[Anonymous No.29300737]

>>29294858
>predicting a chart pattern before the pattern is confirmed
ISHYGDDT

[Anonymous No.29300780]

>>29292766
TA is a meme but at the same time HFT bots on jewstreet use """"technical analysis"""" to make insane amounts of money. i don't know how to reconcile these two facts.

[Anonymous No.29300825]

It's a little harder than that. The issue is twofold:
>institutional investors disrupt those patterns when they try to take advantage due to sheer volume
>retail investors don't have the know how to take advantage and fall for shit like buying the pump out of fomo

[Anonymous No.29300899]

>>29300780
Its not a meme its just extrenely complicated and an averages game

Retards think unga prediction not work bunga ta bad

Think about it like poker, winning individual hands isnt the strategy per se

[Anonymous No.29300958]

>>29300780
why dont you just reconcile with the fact that you have no idea...

[Anonymous No.29300959]

>>29300780
A lot of HFT bots are not predicting the future as such but market making or taking advantages of tiny spread differences in the market microstructure.If you can predict price movements these strats are suboptimal as they require huge setup and maintenance costs.

[Anonymous No.29300987]

The best advice for a new investor is buy when the stock has begun to bounce back after a drop and sell when it's pumping but before it peaks and corrects.

[Anonymous No.29301188]

>>29300987
what about the dead cat bounce

[Anonymous No.29301403]

>>29301188
You're looking for a genuine sign of recovery. If it is the dead cat bounce then hopefully you're not too fucked. A falling knife has no handle. You let it fall, then you pick it up. If a stock is plummeting and you try to grab some on the dive I think generally you stand to lose a lot more. Looking for signs of recovery helps safeguard against risk.