Wot Happens Next?

This is a discussion on Wot Happens Next? within the Technical Analysis forums, part of the Methods category; Originally Posted by malaguti you are second guessing that all breakouts fail, and here we are with a breakout that ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jun 3, 2017, 9:58pm   #91
Joined Apr 2017
Quote:
Originally Posted by malaguti View Post
you are second guessing that all breakouts fail, and here we are with a breakout that hasn't yet
80% of the trends turn into consolidation/ ranges , it is a statistical fact.Go do some research.
foroom lluzers is offline   Reply With Quote
Old Jun 3, 2017, 10:09pm   #92
 
malaguti's Avatar
Joined Nov 2009
Quote:
Originally Posted by foroom lluzers View Post
80% of the trends turn into consolidation/ ranges , it is a statistical fact.Go do some research.
all trend will at some point go into a range dummy. you saying 20% of trends go on forever? go do your own
malaguti is offline   Reply With Quote
Thanks! The following members like this post: Atilla , barjon
Old Jun 4, 2017, 7:14am   #93
Joined Apr 2017
Quote:
Originally Posted by malaguti View Post
all trend will at some point go into a range dummy. you saying 20% of trends go on forever? go do your own
There are plenty of skeletons of breakout gurus here and on the internet , just search hard on free google with breakout t2w .The indices are currently trending higher , due to lack of yields on fx and money chasing fewer opportunities.These are exceptional times.

One breakout trade ,which he closed , but let us assume he re-entered in foresight for the benefit of the discussion.In normal situations , without so much money chasing fewer equities , 80 % of these trends breakouts fail .A chart of 90 % failures is attached.

Eur usd on this chart may have trended ,only to hindsight traders , but in reality you can only see one trend in so many years .

How many traders would want to spend 6 months infront of a screen for £1,000 less losses , suffering 7 /8 trend breakout failures and 2 wins .When traders have 7/8 failures , they give up , humans simply can't take this.

Breakout trading is difficult , except for people who are all talk and no trousers , they can't put up 10 consecutive breakout trades in advance .

So Barjon you have 9 more breakout calls to make in foresight.
Attached Thumbnails
range.jpg   diageo.jpg   breakout.jpg  

foroom lluzers is offline   Reply With Quote
Old Jun 4, 2017, 7:33am   #94
Joined Apr 2017
Quote:
Originally Posted by malaguti View Post
all trend will at some point go into a range dummy. you saying 20% of trends go on forever? go do your own
Barjon is a great trader , he caught the trend .For years traders would have gotten chopped out , with breakout failures.


Traders would be better off buying at bottoms , supports of djia , as opposed to using this snake oil of breakouts.See chart on right , left is mr failure.
Attached Thumbnails
wall-st.jpg   bbbbbbbbbbb.jpg  
foroom lluzers is offline   Reply With Quote
Old Jun 4, 2017, 9:09am   #95
Joined Apr 2017
January 2017

Diageo’s reported operating profit rose by 28% to £2,065m during the six months to 31 December. Sales were 14.5% higher at £6,421m.

These figures were given a big boost by the collapse of the pound after the EU referendum. Excluding currency effects, Diageo’s organic operating profit rose by 4.4% during the last six months. However, that’s still a strong performance, and is double the 2.2% gain expected by analysts.
foroom lluzers is offline   Reply With Quote
Old Jun 4, 2017, 11:09am   #96
 
darktone's Avatar
Joined Nov 2003
Quote:
Wot Happens Next?
fl's gona post some bullsh!t
__________________
Me and you, we is largely the same bruv! We dont know shît! The difference is, I know I dont know shît!!
darktone is offline   Reply With Quote
Thanks! The following members like this post: tomorton , barjon
Old Jun 4, 2017, 11:50am   #97
Joined Feb 2002
Quote:
Originally Posted by darktone View Post
fl's gona post some bullsh!t

Post of the year!
tomorton is online now   Reply With Quote
Old Jun 4, 2017, 12:00pm   #98
 
malaguti's Avatar
Joined Nov 2009
Quote:
Originally Posted by foroom lluzers View Post
There are plenty of skeletons of breakout gurus here and on the internet , just search hard on free google with breakout t2w .The indices are currently trending higher , due to lack of yields on fx and money chasing fewer opportunities.These are exceptional times.

One breakout trade ,which he closed , but let us assume he re-entered in foresight for the benefit of the discussion.In normal situations , without so much money chasing fewer equities , 80 % of these trends breakouts fail .A chart of 90 % failures is attached.

Eur usd on this chart may have trended ,only to hindsight traders , but in reality you can only see one trend in so many years .

How many traders would want to spend 6 months infront of a screen for £1,000 less losses , suffering 7 /8 trend breakout failures and 2 wins .When traders have 7/8 failures , they give up , humans simply can't take this.

Breakout trading is difficult , except for people who are all talk and no trousers , they can't put up 10 consecutive breakout trades in advance .

So Barjon you have 9 more breakout calls to make in foresight.
words are really escaping me on this one Lluzer. truly your statistical "research" is... and whats the best word...astonishing. Darktone indeed may have summed it up a little more succinctly, however I always assume there is a brain cell missing and I try to give the benefit of the doubt but in this case well i'm beaten
hands down. Yes this is statistical evidence (nay research) that 90% of all breakout trades do indeed fail. or was it 80%. I'm sure you said 80%
theres another chart you're not showing us, isn't there?
come on you ol' tease. show us another chart where 7 out of 10 have failed

anyway look, every village has one, and you are ours so for that we should be grateful
malaguti is offline   Reply With Quote
Old Jun 4, 2017, 12:07pm   #99
Joined Apr 2017
Quote:
Originally Posted by malaguti View Post
words are really escaping me on this one Lluzer. truly your statistical "research" is... and whats the best word...astonishing. Darktone indeed may have summed it up a little more succinctly, however I always assume there is a brain cell missing and I try to give the benefit of the doubt but in this case well i'm beaten
hands down. Yes this is statistical evidence (nay research) that 90% of all breakout trades do indeed fail. or was it 80%. I'm sure you said 80%
theres another chart you're not showing us, isn't there?
come on you ol' tease. show us another chart where 7 out of 10 have failed

anyway look, every village has one, and you are ours so for that we should be grateful
Oh I get it , this place is about snake oil marketing of breakouts to noobs , any one else who opens his mouth , is considered a village idiot.He gets pissed on by the fls.
foroom lluzers is offline   Reply With Quote
Old Jun 4, 2017, 12:07pm   #100
 
barjon's Avatar
Joined May 2003
barjon started this thread
Quote:
Originally Posted by foroom lluzers View Post
............So Barjon you have 9 more breakout calls to make in foresight................
Oh, fl, what are we going to do with you.

Let's make a couple of things clear since you must have missed it:

1. The thread is supposed to be about using TA as a tool for trading - both entry and exit (more important)

2. It is NOT about the merits or otherwise of a break out strategy
3. It is NOT about the merits or otherwise of trading Diageo
4. It is NOT about making successful calls
5. It is NOT about giving you a platform to air your trading prejudices

In fact, since you seem to regard TA as a load of hogwash, I'm surprised that you comment at all. You certainly don't have anything constructive to offer.
barjon is offline   Reply With Quote
Old Jun 4, 2017, 12:09pm   #101
Joined Apr 2017
Quote:
Originally Posted by barjon View Post
Oh, fl, what are we going to do with you.

Let's make a couple of things clear since you must have missed it:

1. The thread is supposed to be about using TA as a tool for trading - both entry and exit (more important)

2. It is NOT about the merits or otherwise of a break out strategy
3. It is NOT about the merits or otherwise of trading Diageo
4. It is NOT about making successful calls
5. It is NOT about giving you a platform to air your trading prejudices

In fact, since you seem to regard TA as a load of hogwash, I'm surprised that you comment at all. You certainly don't have anything constructive to offer.

Basic T/A is fine , it is a road map .How you use it is upto you.There is nothing wrong with basic maps.
foroom lluzers is offline   Reply With Quote
Old Jun 4, 2017, 12:12pm   #102
 
Pat494's Avatar
Joined Mar 2004
Quote:
Originally Posted by foroom lluzers View Post
Basic T/A is fine , it is a road map .How you use it is upto you.There is nothing wrong with basic maps.
DUH you can make paper hats with them too and dance down the street starkers..........

__________________
Everyone is an actor.

Let your hero loose.
Pat494 is online now   Reply With Quote
Old Jun 4, 2017, 12:17pm   #103
Joined Apr 2017
Quote:
Originally Posted by Pat494 View Post
DUH you can make paper hats with them too and dance down the street starkers..........

That is what Barjon's thread is about ,I don't know why started this thread .I could have answered in one sentence.
foroom lluzers is offline   Reply With Quote
Old Jun 4, 2017, 12:18pm   #104
 
malaguti's Avatar
Joined Nov 2009
Quote:
Originally Posted by foroom lluzers View Post
Oh I get it , this place is about snake oil marketing of breakouts to noobs , any one else who opens his mouth , is considered a village idiot.He gets pissed on by the fls.
if you want to "open your mouth" by posting a chart as some sort of evidence that 80% of breakouts fail you go ahead
I apologise to all other village idiots out there for even putting you in that same category.
malaguti is offline   Reply With Quote
Old Jun 4, 2017, 12:20pm   #105
 
Pat494's Avatar
Joined Mar 2004
Quote:
Originally Posted by foroom lluzers View Post
That is what Barjon's thread is about ,I don't know why started this thread .I could have answered in one sentence.
Of course you could - you are such a genius and from you know where, famous for it's geniuses.

__________________
Everyone is an actor.

Let your hero loose.
Pat494 is online now   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
wot u think o these then? darktone Discretionary Trading 56 Feb 12, 2014 10:54am
Wot To Do barjon Discretionary Trading 60 Nov 13, 2013 2:30pm
wot happens next? barjon Technical Analysis 24 Sep 21, 2010 3:24am
Wot Next? No:3 barjon Psychology, Risk & Money Management 10 Aug 17, 2007 10:33am
wot 2,4,5. mr.marcus Technical Analysis 20 Aug 8, 2006 8:16am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)