Replies to post #325168 on Amarin Corp Plc (AMRN)

[Fermis Paradox]

Postes - A most excellent discussion of the limitations of TA using a lot of statistical and logical ideas.

[FlyFishingStocks]

Postes - Much of what he says is correct. I agree. That's why I regard "chart patterns" as only one instrument in a symphony. Much more corroborating and potentiating evidence in the form of bullish TA elements must combine to produce the structure of a successful trade as depicted in this graphic:



Miss one or more of these elements and the odds of success are decreased. When they're all present and in gear, the scale is tipped in your favor


Furthermore, all of those elements must be imbedded in algorithmic logic that can be program traded in terms of entry, trade management and most importantly the exit.


This sets aside emotion such as "I believe in the science" or "I won't sell until it reaches 20" or whatever emotion whispers under the influence of greed or fear.

This TA influenced trade strategy is what the big boys use and their sophisticated methodology preys on those who only trade off the sound of one instrument (FA).

I'm not pushing my methodology. I only share it on this board as it relates to a piece of the whole Amarin puzzle. Not sure why you make the effort to take exception to it.

Cheers,

FFS