Quote from: seleme on February 27, 2014, 07:53:08 PM

Quote from: oda.krell on February 27, 2014, 07:25:59 PM

Quote from: porcupine87 on February 27, 2014, 05:53:08 PM

TA is not everything. High RSI suggest to sell and low RSI suggest to buy. So let's see:

You're a regular comedian, aren't you. The only thing you proved by your post is that you know little to nothing about TA.*

*because I'm afraid you'll ask: because that's not how identifying overbought/oversold conditions, or in general, TA, works. You don't look at a single indicator and say "Now I'll buy". So your chart is completely meaningless, like posting a weather forecast of today saying "chance of rain 60%", and then gloating "but it actually *didn't* rain". It is based (a) on a naive idea of how technical analysis works, and (b) on the equally wrong assumption that for TA to be profitable on average it needs to be "infallible", which is not how any probabilistic models works.

If you read the OP it is RSI that is painted in red and noted as particulary and made the main argument of it. SO if anyone is comedian here, it's you.

You're not even trying with that troll post.

Let's look at TERA's original post. He said *nothing* about buying or selling based on StochRSI. He made a very valid point instead:

Quote from: TERA on February 27, 2014, 01:11:04 AM

The current recovery is completely unlike any other btc recovery in history.

1. The stochastic RSI was never down and is on the moon instead, appearing to give a SELL signal rather than a buy signal. In every other recovery, stochastic RSI is very low and then works its way upwards into the breakout.
2. It has a 55% trading range when every other recovery has a 20% trading range.
3. There is this hammer candle with a complete abandonment of the previous lows in 400-550. Every other recovery has gone down to retest the lows.
4. It has spent 2 days trading before breakout when every other recovery has spent at least a week.

1) RSI is only a part of the argument

2) He never used it as a direct buy/sell signal: he is arguing instead about the likelihood of a lasting recovery. Not the same thing, and I'm sorry if you fail to understand that

3) Why am I even arguing with you, your whole post was just an attempt to get a reaction out of me, I'm sure.