The Bollinger bands are converging

Emberfire
Emberfire

The Bollinger bands are converging
Fibonacci pressure increasing

BlogWobbles
BlogWobbles

@Emberfire
Buy the dip, on ceru muh nigga

Harmless_Venom
Harmless_Venom

that pic
every forex poser

viagrandad
viagrandad

indexmemester still asshurt i called the S&P and oil crash 2 days ago
If you shorted it yesterday you wouldn't be poor now

askme
askme

@Emberfire
B-but but but TA is real I tell you! I don't care that the number one rule in finance and investing is "past performance does not indicate future returns" I want to believe in my magic squiggly lines!

Emberburn
Emberburn

@askme
Just stick to using it for entry/exit points only, you'll be fine.

GoogleCat
GoogleCat

@askme
Oooops
/biz/thread/1414928#p1414928

Fried_Sushi
Fried_Sushi

@askme
The truth is that many people trade on published analyst opinions, so these opinions have a lot of pull in the market, whether they're true or not.

Inmate
Inmate

@Fried_Sushi
@Emberburn
That was supposed to be sarcastic but I guess I'm just not funny.

viagrandad
viagrandad

@Inmate
the number one rule in finance and investing
TA has a lot more to do with psych analysis than finance.
If I could show you that by scaring the shit out of ten people, I could cause them to run out of a room, how much would you bet me it wouldn't happen with the next ten I brought in?
If you apply "past performance/future results" to this, I shouldn't be able to predict it at all.

Deadlyinx
Deadlyinx

@viagrandad
scaring the shit out of ten people
You can't scare computers and HFT algorithms, moron.

Emberburn
Emberburn

@Stupidasole
Kek. Chartists are always good for a chortle.

SniperWish
SniperWish

I saw 2 crows fighting over a frog. Is it an omen?

BlogWobbles
BlogWobbles

I used to be a chartist. I used to be a pattern analyzer.

It's all horseshit. You spot the trend then tell people, making it a self fulfilling prophecy

The game comes in where you look for the convergence of the indicators that the HFT's trade on, and look to frontrun them. The golden MACD crossover or the death cross are two i know of that MM's for a fact link up on and pump to death

JunkTop
JunkTop

@Deadlyinx
That's not true.
Once I scared an algorithm so bad, it jumped three feet in the air.
True story.

VisualMaster
VisualMaster

@viagrandad
the S&P 500 and oil haven't crashed though

Soft_member
Soft_member

This board is worse than /b/

Burnblaze
Burnblaze

@askme
Then why are quants paid half a mil a year just to analyse squiggly lines?

TalkBomber
TalkBomber

@SniperWish
depends on their entrails. i'd have a certified haruspex take a look at them if i were you.

Skullbone
Skullbone

@VisualMaster
i-it's not happening f-fuck TA ha ha
Sure thing bub, maybe you should buy some more ;^)
I will enjoy some more % returns on my open positions, courtesy of a carefully few quantified technical patterns while poverty and memes keep you company

Spazyfool
Spazyfool

@Soft_member
yeah, at least /b/ has porn

TechHater
TechHater

@Burnblaze
Because they have experience which breeds intuition.

SniperGod
SniperGod

@Emberfire
technical analysis works a lot of the time tho...

Boy_vs_Girl
Boy_vs_Girl

@SniperGod
a flipped coin lands on heads a lot of the time tho...

Carnalpleasure
Carnalpleasure

@Spazyfool
would it be possible to turn the OP image into porn?

SniperWish
SniperWish

@Carnalpleasure
I believe that there are sites in the deep web that do exactly that.

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