dmedin

Watch JD Sports tomorrow morning - it will stop, reverse and fall back below 660 and give me a loss. Guaran-fecking-teed. TA my backside ...

I've been utterly hammered by falling for the 'chartist' nonsense, to the extent that I am starting to hate stock markets altogether and don't even want to put money into a tracker 'buy and hold until you retire' fund. I even think 'value investors' and people look for dividend stocks for an income are probably getting taken for a ride too. Should all this stuff just be left to professionals? I really am starting to think so, based on my own experience. This field is full of bullsh!tters and frauds who will convince the gullible to sell their own grandmothers.

Trading is just a less pretentious form of gambling I suppose. SB is the utter dregs ... getting stopped out again and again and again and again. You'd think only desperate and brain damaged people would keep doing this to themselves.

If TA can't help to make profitable trades then it's a total f*king waste of time ... I'd rather waste money on hookers and booze.

Just lost more than £20 on a sudden reversal on brent crude. Total mug's game, but I keep coming back day after day to get sh*fted

This was my breakout today - been watching it for ages and lost money shorting it not so long ago. If I was in a better mood I would have done £5 per point.

I'm behind ...🙈

This gets to a fundamental point in whether TA is worth bothering about or not. If you are not following what is an obvious trend according to the indicators provided by TA, what use is TA? This is not aimed at you personally, but do people realize how ridiculous they sound when they say things like 'a trend is a trend until it isn't'? So what is the answer - trade in the opposite direction to a trend? Good luck. Most people seem to be happy to post charts of patterns AFTER they have completed ... do these people actually trade or are they bullsh!t artists? No wonder TA has no credibility among serious investors ...

I guess I was wrong about that. Dumbarse

Yep the downtrend was near the end, now it is just going up and up. Maybe it is priming the pump but 'now' is most definitely not the time to short GE. In fact - I am inclined to never short big U.S. companies like Boeing or GE because they are so heavily manipulated by the big Yankee sharks that you are going to get eaten alive no matter which way you bet on them.

They are a secretive bunch of cave dwellers, because the only people I see on the web who say it 'works' are people selling you access to their courses and videos and books. I.e. bullsh!t artists!

They're not providing us with a platform that enables us to make money. Spread betting is 'uniquely British', to put it euphemistically.

I'm sorry if this sounds negative, but your IG market analysts need to spend less time making awful chart 'predictions' and more time giving us useful info. 'Later in the day, Boeing Co (BA.N) is set to report aircraft deliveries for the first eight months of 2019, which will give investors a deeper look into the effect of the grounding of 737 MAX jets. ' https://uk.reuters.com/article/us-usa-stocks/wall-street-set-to-open-lower-as-china-data-adds-to-recession-fears-idUKKCN1VV1CR No mention anywhere on your calendar about the Boeing announcement. I know it's technically not an 'earnings announcement' but it's going to have a material impact on the share price. Do you even try for your retail clients? Hargreaves Landsdown provides tons more info on individual stocks, possibly because it isn't dedicating half the page to trying to get people to make disastrous spread bets all the time.

https://uk.reuters.com/article/us-usa-stocks/wall-street-set-to-open-lower-as-china-data-adds-to-recession-fears-idUKKCN1VV1CR Up/down/up/down/up/down ... yesterday recession fears were off, now they're back ... people love to try and make order out of chaos, but TA is just as much BS as the jobsworth editors at Reuters.

@nit2wynit lol good idea, posting charts in real time predictively is more informative than posting charts when price patterns have already completed. What's the news with Dell?

Does this not look like a downtrend to you? Where is the evidence from a chart perspective that it's about to leap higher?

It's finally broken 660 and this is significant (although I say this with zero confidence, how ironic), time to 'Golang'.

I'm going to have to limit my punting to the Demo then, even although the Demo is unrepresentative of how it really works.

@nit2wynit Here I am back again, like a masochist paying a lady to whip him and abuse him. It's unfathomable. @Caseynotes I would gladly restrict myself to one method if I could find a method that actually works. I'm totally overloaded with information - and I still have stacks of books and dozens of websites and videos to watch - so I can't 'pick' a method any more than I can pick a market to bet on.

Over the phone? No thanks.

I can live with the money I've wasted on trying to learn how to interpret tea leafs (technical analysis) but I'll never get back almost an entire year of my life ... what a fking waste of time and energy.

It's all just a big fking con. Time to give up. Will put what's left of my spare cash away in 2% savings accounts.

Well, good luck. There is never any way to 'know' which way price is going, unless you happen to be one of the insiders who have enough clout and connections to cause the market to move the way you want it to. I am now starting to realize that all TA is utter garbage - basically the same as astrology or predicting people's destinies by studying the palms of their hands. Price action 'might as well' be totally random. It's completely unpredictable, hence 74% of idiots who bet on it get put over a barrel time and time again.

lol I tried that in the past, their 'experts' are wrong most of the time but they DGAF because they aren't betting their own money. You know what, I think most technical analysts are wrong most of the time. It's total BS.