Lowtrade..here it is
I'll say again.
Just because someone's TA doesn't work here doesn't mean "TA" doesn't work.
Being a penny stock makes absolutely no difference.
"TA" is the study of price movement. Any chart, any market.
There are a billion different ways to study and interpret it
MM's use the same concepts as the big markets
I don't know what you mean the market is the market?
There are mm's and institutions in the big markets that do the exact same thing.
Retail investors/traders have no more influence there then here.
Both markets are designed to fleece retail
I use my "TA" on this stock and have basically never been wrong, other then a few extra ticks to the upside.
So "TA" does work
btw i don't use aroons. No reason, just never studied them
My TA here is plain and simple
support/resistance levels, a good set of ma's, a few trendlines when needed, candle chart
Secondary indicators are just to confirm
Infact i was surprised how this stock moved to a T.
But i'm betting that's because of the large o/s
Most people through-out my time on gtel board have been dead wrong using "TA" Because they only use it with a bullish bias. And belive things like it's all manipulation and the mm's are out to screw them when the price drops
It doesn't work like that
That's not "TA's" fault, it's the user
Plain and simple
I have a hard time believing you succesfully use TA on a larger exchange but can't seem to use it here.
That reeks of bs
This is probably the simplest structured market i've ever seen.
One of the reason i like it.
If these are you're true views you probably have no business trading on this exchange.
But that doesn't stop everyone else lol
-squ1d
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