Pre-Tax NTA, page-129

@amb005

"Whilst I use a lot of TA in my trading day to day, nothing HAS to play out as you claimed in previous posts, The triangle that had to break out " price has to break one way or the other very soon" well we are still trading same range well past the point of the triangle, no break out."

As you use TA and are proficient at it, you would know exactly what to do with the lower trend line wouldnt you?
So there for you would clearly see there hasnt been a break out yet.



"Also your comments on the chart, saying do not buy in this zone as TA says its a top, that can only be drawn on in hindsight well past the time, there is no way at the time TA was saying its a top (there were other highs just days and weeks before this why didnt your TA say it was a top then) you are choosing this point well after the fact, it can only be drawn on months later when the high is established. TA is just something to add to your trading nothing solid or no law of trading that must play out, anything can happen"

Given you "trade" as per your comments, I can't believe what I have just read.

The chart is a weekly chart, you being a trader would know you don't use weekly time frames for exits, do you?

The daily chart, using your stop loss, due to a change of trend, would have given some back to the market, but you would have exited "days" after the top, not weeks or months!

Seriously amb005, you don't trade as you don't have a strategy to, but you wish to try to pick holes in others TA.

Your analysis of my analysis is way off the mark.

You bought at the highs and are still sitting on MMJ, have not used a stop loss or exit strategy so you dismiss TA.

Anyone using a stop loss from the highs, would have been very cautious with any entry whilst this stock was in a solid downtrend!