Oh yeah.. faz added to the ignore list
What I mean by this post is many people trade MEME lines, it was a bear flag that "broke up" so many retail traders were taught to take a long there on the break out of the line, you can see there was a solid push up, they trapped many longs around 17k.
now they are about to get wrecked.
I think today we are at least going to 16.3k
there is a fair value gap there and take out all the stop losses in blue box.
Another spot to bounce is here between orange lines
I assumed you meant a larger dip tho.
It's still going
It is hard to predict the magnitude of the move, that's why you have to take profits in intervals.
Major moves of the day happen at 930AM to 1040AM and around 1 PM eastern.
So I look for what set up is forming to go up or down and enter on the price pattern that's forming
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My stop loses are so tight that if predict wrong way I lose 5-10%. If I predict right I make 20-50%.
Moron
Just block me pussy
I am not even saying I know it all or have a system fully developed. I am just here brainstorming and testing and learning from my assumptions.
I am doing this as a hobby.
Seems rough that you can't predict magnitude in this highly volatile time. Because you could predict an increase based off of evidence pointing to a drop and following bounce, but the drop could be large and the rebound tiny and you'd end up being wrong. Seems like it'd be kind scary to make any risky plays.
Found faz
You are so dumb
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exactly how I thought it would play out....
