May Chart, page-10659

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