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Ignorance Seeking Enlightenment

Reading price charts which may give you direction in the market using established TA methodology
AWOL
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Ignorance Seeking Enlightenment

#449165

Postby AWOL » October 10th, 2021, 7:04 pm

You TA guys may be able to enlighten me. I cannot watch a Youtube video without getting an eToro advert where a guy says "the market is looking strong, I'm in". This seams counterintuitive to me but perhaps it represents momentum trading. Does buying "strength" make sense? What do you think they mean by "strong"?

I like to buy growth at a reasonable price 8-)

tacpot12
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Re: Ignorance Seeking Enlightenment

#449317

Postby tacpot12 » October 11th, 2021, 3:11 pm

I think they mean that there are plenty of buyers in the market, so prices should be increasing. Of course, they would say that, wouldn't they. They want you to trade with them so they will either suggest that you should be buying, or that you should be selling. Their reasons for suggesting you should be buying now will be nothing more than a hunch.

They are appealing to people who understand the concept of momentum in a market, and hoping that you will want to jump on the bandwagon. This may be a good move, but I would not accept this suggestion from a trading platform without doing more homework.

GoSeigen
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Re: Ignorance Seeking Enlightenment

#449321

Postby GoSeigen » October 11th, 2021, 3:43 pm

AWOL wrote:You TA guys may be able to enlighten me. I cannot watch a Youtube video without getting an eToro advert where a guy says "the market is looking strong, I'm in". This seams counterintuitive to me but perhaps it represents momentum trading. Does buying "strength" make sense? What do you think they mean by "strong"?

I like to buy growth at a reasonable price 8-)


You should ask the Youtuber or at a minimum post a link to the video here. Otherwise how can anyone possibly know his thoughts? It could mean any of a number of things.

GS


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