Goldtent TA Paradise

97%

1. Fullgoldcrown says:

   November 3, 2016 - 9:03 pm at 9:03 pm

   That’s a Failure where I come from

   Gets you long then Bam…you loose.

   A breakout that fails to produce even close to the measured move is a FLOP! and will loose you money if you take the bet

   • Tommy says:

     November 3, 2016 - 9:05 pm at 9:05 pm

     Not if you take the trade from the bottom of the right shoulder and are aware that the shoulder is stunted and to expect only the conservative measured move.

     If you do this you wont “lose” money.

     • Fullgoldcrown says:

       November 3, 2016 - 9:10 pm at 9:10 pm

       That’s HIND Sight and pure conjecture…Did you make money on that trade…buy the breakout and sell the top or near abouts ?

       THE Classical measured Move is Head to Neckline ..add that to neckline

       This shoulder thing is new to me..sounds completely subjective…like you made it up.

       • Tommy says:

         November 3, 2016 - 9:13 pm at 9:13 pm

         I didn’t take this particular trade but it is about as textbook as you can get.

         key point…stunted right shoulder = small conservative measured move as a rule.

         How can it be conjecture when its staring you in the face.

         You don’t buy the breakout….you stalk the right shoulder. If you do this you make 200 points ….Get it?

         Case closed.

2. Fullgoldcrown says:

   November 3, 2016 - 9:05 pm at 9:05 pm

   That thing projected a 700 point Move but didn’t produce even 100 points.

   Yur Fired !

3. Tommy says:

   November 3, 2016 - 9:06 pm at 9:06 pm

   This is why people are not successful trading this pattern. They just don’t get it.

   oh well.

   • Fullgoldcrown says:

     November 3, 2016 - 9:13 pm at 9:13 pm

     ONLY YOU Get it..? and you are making 97% good trades with it >?

     None of the tens of thousands of TA users make 97% but you do with this pattern ?

     Please get a little humility Tommy.

     IF you are winning 97% of the time on these you are the only one on the planet…are you THAT happy with your trades..

     You must be independently wealthy to have a 97% foolproof system. Gamblers take note…skip Vegas and look for INHS patterns.

     • Tommy says:

       November 3, 2016 - 9:18 pm at 9:18 pm

       There are a lot of other people who do this. I didn’t come up with this on my own.. I learned it somewhere else.

       Now you know. Start using it.

       You can do just as well as anybody, You will have to lose your bias first though. That will be your sticking point.

4. Fullgoldcrown says:

   November 3, 2016 - 9:19 pm at 9:19 pm

   Setting Your Profit Targets
   The profit target for the pattern is the price difference between the head and low point of either shoulder. This difference is then subtracted from the neckline breakout level (at a market top) to provide a price target to the downside. For a market bottom, the difference is added to the neckline breakout price to provide a price target to the upside.

   Read more: How To Trade The Head And Shoulders Pattern | Investopedia http://www.investopedia.com/articles/technical/121201.asp#ixzz4Ozxo9xoL
   Follow us: Investopedia on Facebook

   • Tommy says:

     November 3, 2016 - 9:23 pm at 9:23 pm

     it should read ” the price difference between the head OR the low point of either shoulder”. (not “and”)

     They are confirming what I just said even though they\you didn’t explain quite right.

     • Fullgoldcrown says:

       November 3, 2016 - 9:31 pm at 9:31 pm

       Now you are rewriting Investopedia

       LOL

       Bottom line there is no one who should believe that any pattern or system in Trading works 97% of the time

       Have you ever thought of selling this idea to an investment company ?

       Do you not know a Broker who would be happy to hear he will now and forever make $s 97% of the time if he just follows your amended rules for inverse head and shoulders ?

       If you are not a gazillionaire with this system I want to know why ?

       sheesh

       • Tommy says:

         November 3, 2016 - 9:35 pm at 9:35 pm

         here’s proof

         http://www.forex-tribe.com/Reverse-Head-And-Shoulders.php

         oh, it’s 98% not 97%…. my mistake. lol

         I know….your going to say the target being met is only 74%, not 98%. But they are using the full measured move from the head which reduces the %

         But get this….when you take the trade from the bottom of the right shoulder the success rate approaches 120%

         And when you buy the head area your success rate goes to 186%.

         over and out

         • Fullgoldcrown says:

           November 4, 2016 - 8:49 am at 8:49 am

           This is ridiculous !

           You cannot have a success rate more than 100% Tommy.

           You look like a fool promoting this claptrap !

           Explain how one can have greater than always !

           “when you take the trade from the bottom of the right shoulder the success rate approaches 120%”

           The above implies all you need to do is identify the bottom of a right shoulder in real time !

           That’s impossible…also a head and shoulders pattern is NOT valid UNTIL it breaks out

           So Buy the bottom of a right shoulder which is only evident in hindsight and hold “hoping the neckline will breakout …this is ridiculous and I am pretty sure you know it.

           Over and out indeed …this nonsense is out of control

5. Spock says:

   November 4, 2016 - 1:30 am at 1:30 am

   Nice one Tommy. Also note the wolfe wave projection gave the same target. I will throw up a chart later. When you have two patterns indicating the same outcome, the odds are even better …is 99% possible 😉