Wot Happens Next?

Apr 3, 2017
3,620
136
#93
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.:LOL::LOL:
 

Attachments

Apr 3, 2017
3,620
136
#94
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.
 

Attachments

Apr 3, 2017
3,620
136
#95
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.
 

malaguti

Senior member
Nov 3, 2009
2,263
421
#98
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.:LOL::LOL:
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
 
Apr 3, 2017
3,620
136
#99
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.
 

barjon

Legendary member
May 6, 2003
10,095
1,493
............So Barjon you have 9 more breakout calls to make in foresight................:LOL::LOL:
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.
 
Apr 3, 2017
3,620
136
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.
 

malaguti

Senior member
Nov 3, 2009
2,263
421
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.