I am not a fan of technical analysis. I like to find patterns in the underlying stock data. My program which runs out of trading view scans the options chain and bid ask spreads to find patterns. I use a Markov trading model which gives the bear and bull propbabilites of every stock in the SP500.
@Skipper86, Yes VZ had a small loss but TMUS worked out. Day before yesterday both AMD puts and TGT calls were a big win. Updating the prophet picks for tomorrow before 9:30 EST. But hey, im not a pinescript guy claiming a 95% win ratio LMAO. Im giving something that works
Skipper86
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@tradesenigma454, I don't know any pinescript guys claiming 95% win rate. The highest % claim I ever heard was your 85% chance claim on this move that turned out to be wrong.
tradesenigma454
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@Skipper86, dont judge me on one, if you do. you will miss out. Anyways good luck
tradesenigma454
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@Skipper86, There is a difference between win rate and predicted move up or down. And if you dont know any pinescript guys, you are either lying or new to trading view lmao
tradesenigma454
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@Skipper86, And you do not understand any stats. A 85% claim can be wrong 15% of times. 100 signals, 15 will be wrong. That doesnt make it a bad strategy. But equating that with markov probabilities shows your poor understanding of complex concepts.
Skipper86
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@tradesenigma454, Expecting VZ to reverse the same day it popped on a good earnings report shows your poor understanding of the stock market.