But it whipsaws about so much (like many of these types of oscillator thingies) that you really have to rely on price (patterns, S/R etc) and this indicator ends up just being another distraction that people pay too much attention to.
This is just ridiculous ... vote Bernie Sanders if you're American and think access to healthcare should be a right and not simply a perk of employment ...
Come on now bonnie loon, let's have another round of bloodletting so I can recoup the profit I lost yesterday by being stupid
THEN - let me buy in at the very bottom and make a sweet profit for the second half of the year
20 50 200 SMA is best, I also tried 5 20 50 and it's not as reliable.
RSI is the most useful oscillator.
The other **** isn't very useful (ADX, Directional Movement, Stochastics, the hideous MACD, volume, open interest lololol)
EWP can be made to justify anything because it's an attempt to impose a structure and is entirely subjective. The Fib extensions (and retracements) are quite useful actually. EWP is an attempt to try and 'predict' which way price will go. But the Fib levels seem to work fine as simple S/R. The Tradeciety ebook you linked to is very good and I doubt anyone really needs to use EWP to be able to trade.
I was tired and lazy yesterday and overtraded and gave up most of my gains (not all of them). I thought it was going to be a brief selloff and ended the day long, and went to bed with long positions open. I'm a silly billy!
Silver tanked yesterday for some reason, and GBP appreciated again - I broke my own rule to avoid GBP until the Chimpanzee gets Brexit done.
This is the familiar pattern of neoliberal capitalism - when profits aren't high enough, people lose their jobs.
David Ricardo formulated this basic theorem in his book on Political Economy and Taxation about 200 years ago, even before Karl Marx came on the scene. But we're all very polite to this day and never mention the obvious fact that livelihoods are destroyed by greed.
lol I'm not like that ... I don't generally use other people's opinions as something to trade against. But as it happens I am back to being long.
Now yesterday I traded like a pig and needlessly gave up some of my gains in the most stupid, lazy and dumb manner. I am a complete fool!