MAY (ASX) May Chart

Originally posted by Flambeau: ↑

Also, furthermore, his charts and "knowledge" as you suggest, leave much to be desired, just look at his history, in the following:

I wrote: "We should also discuss the RSI, I pointed that out, but Slick said it was incorrect to point that out" source: 68788052 Then lo' and behold it did go down afterwards (opportunity for profit [especially if he is an intraday scalper, as we discovered recently 68788052). What he said was this: "only get concerned about RSI when it starts pushing 80" source: 68736040 It is 100% incorrect. A basic definition is: "Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition." source: https://www.investopedia.com/terms/r/rsi.asp The original definition from back when the RSI was applied on the Exchange FT30 Index during 1935-1994 (source: Chong T et. al. (2008)) was also 70 or above for "overbought".

He said: "Dam wicks only outside of bollies!. I'm holding on this time but certainly breaking rules." 68736040. I wrote: "Slicks bollinger bands being correct but he decided to break his rules for what reason exactly?" source: 68787300. W3hunter said he is "genuinely experienced", and has a "hard earned technique", yet he can't follow it, showing how even he distrusts his own strategy (unless he sold at 11-12cents [and... why would he sell at 11-12cents if he didn't sell at 10.5? this is a hypothetical question... my point is that he doesn't even stick to his own "hard earned techniques" / strategy, it was ultimately incorrect to guess (as it went back down to 8.7cents)]).

He gets the bottoms wrong quite regularly: "Difficult to be positive with a daily chart like that. Trading under the 8ema, under the bollie median and MACD falling negatively. " yet just 3 days later a large green candle appears lol and even W3Hunter posted about it: 68587777 (W3Hunter's post)

The Golden Cross fiasco: previously my post drawing attention to this was criticised for: "it’s a long way off" (65282932) and it's "strange" and "simple ridiculous" (exact quote) (65283414). These claims were thoroughly refuted here (65285309) and here (65288727), primarily refuted because it was predicted in 29-48 trading days before (it happened ~37days after I predicted it would happen). But... now that we know he is a scalper...in his world he probably thinks the criticism is legimitate (but it isn't because the golden cross involves 50sma and 200sma [nothing to do with scalping]). He was applying his limited understanding of scalping to something that has absolutely nothing to do with scalping.

He said this: "So now you're talking it's weeks away so why not post a weekly chart" source: 65286540 Using the 200sma "weekly" is ill-advised (the 200sma weekly takes in data from before the block 9 Sonangol partnership and prospect of drilling, it would be like using a 200sma on a initial public offering stock [illogical since not enough data has been accumulated to establish a 200sma]). This was absolutely laughable. He 100% got this wrong, it is basic technical analysis, I was disappointed he did not understand this. {and just to be clear, I never said the golden cross was happening on his small intraday time scale}.

All these errors make so much sense now that I know he is an intra-day scalper as he showed us in his trades: source: 69057918

He parades around asking for where he got technical analysis wrong, well here are just a few examples I scrapped together, there are more...

Reference:Chong TTL, Ng WK. Technical analysis and the London stock exchange: Testing the MACD and RSI rules using the FT30. Applied Economics Letters. 2008, 15(14):1111=4. https://doi.org/10.1080/13504850600993598

Expand

Haha the librarian is back in business.

Hows your golden cross on the monthly going?

More importantly how’s the purchase going yesterday at .072?
I told you you needed to stay away until it settles. Some just never learn.

Owned

No.	Vol.	Price($)
1	30000	2.4¢

No.

Vol.

Price($)

30000

2.4¢

Price($)	Vol.	No.
2.5¢	4418678	8

Price($)

Vol.

No.

2.5¢

4418678

No.	Vol.	Price($)
1	30000	0.024
9	706664	0.023
11	3965602	0.022
21	1930479	0.021
26	4259696	0.020

No.

Vol.

Price($)

30000

0.024

706664

0.023

3965602

0.022

1930479

0.021

4259696

0.020

Price($)	Vol.	No.
0.025	4418678	8
0.026	566965	6
0.027	557940	6
0.028	1519170	6
0.029	1908000	6

Price($)

Vol.

No.

0.025

4418678

0.026

566965

0.027

557940

0.028

1519170

0.029

1908000

(20min delay)
Last 2.5¢		Change 0.003(13.6%)		Mkt cap ! $84.25M

Open	High	Low	Value	Volume
2.2¢	2.5¢	2.2¢	$309.3K	13.30M

May Chart, page-10667

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

May Chart, page-10667

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News