Lowtrade, please read
I didn't mean to come off as arrogant. I always get into that problem.
I am good at reading gtel because i've followed it daily for 2 years and just happened to catch onto their pattern.
Their market makers just happen to use the styles of "TA" i'm good at
So it seems easy to me, but i guess i shouldn't generalize.
So I apologize
Stock triggers was an idiot.
Nothing but a pumper.
I got into that arguement with techbear last year and it got me kicked off this board. So i wont mention his name after this post.
While he was over at rb, i was here telling people to wait until 7 cents but no one wanted to here it
I was just called a basher etc
The only time we agreed is when i called bottom and said now we're going to rally.
And even then i said it wont touch .50, and it hasn't
.50 is a logical resistance target on monthly charts.
But a move from 7 to 50 made no sense in comparison to other moves
.50 is the next target if we get through .36
So he is definately no god.
But no sour grapes..i hope he does well with his group, and has learned to be a little more open minded with his anaylsis
That's my point. People only want to analize with a bullish bias. And that's certain death in otc's
Gtel'ers that blindly followed this quack and others like him just got lucky because gtel actually has a product.
So there was more news to hype it.
Your patterns broke down simply because they were not the patterns the mm's used. And they have the influence
It's not your fault. But you have to try and adjust
MM's don't use magic. They're traders, like us. And damn good at it.
I'd rather not show my practice on this board, but try this.
Take a 2 year chart, and draw on some triangles.
Last year's top down, draw a descending triangle. Using 7 cents as bottom. Do this on a candle chart. Because only the wicks touched that bottom. I think that's why people missed it.
Anyways, after the first wick touched and rallied you could assume that as flat bottom.
A descending triangle is designed to breakdown, but not designed to be a top
Taking into account gtel's upcoming strat news..i figured that pattern would break down(bear trap) to scare people out
The bottom at .062 was an easy call(500ma) and volume confirmed.
Then came our rally, much like last year's but this time all in one big surge.
Now it's triple topped.
Supports at .20 .18. 14
Or just use ma's
I bet you'll laugh when you draw the lines in.
Hidden treasure, like i said
Stock triggers kept calling it an symmetrical triangle, which you can draw in..a few of em actually.
But it was the wrong triangle and therefore predicted the wrong movement
All because of bullish bias. No one would believe it was a descending triangle even when i showed it drawn in.
Anyways, hope there's no beef.
I like reading your stuff because i don't follow the mm's daily movement that closely. And it's something i like to learn about as we go
We're all learning
goodluck with you trading
Just remeber, there's always a "TA" that works. You just have to find it.
News 
Market Data 
Discover 
AI
