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But doesn't it look way too obvious? I would say this is a big TRAP. Although nothing is off the table, I'm more inclined to say we'll be heading north tomorrow, and by a big margin. Be careful out there if you're betting your farm.

Guys, it's just a never-ending chopfest. Don't expect there to be a trend, period. In fact, 2023 will be a long series of chops IMO. Why? STAGFLATION.

I still don't know why crypto exchanges are allowed to act like brokerages, exchanges, and banks all rolled into one. If they were forced to act like a true exchange like NYSE or CME (not that they are not without problems of their own), there wouldn't have been so much stink about comingling...

What?? Is that another one of your cryptic messages? :D

So what are the algos up to tonight?

I'm claustrophobic, I feel locked in.

Gotta wait and see just where it will break out to. I think you're correct though that nothing will probably happen until NFP comes out.

Well, outside day and inside day kinda go hand in hand. Anyway this market completely dismissed the outside day, which happened yesterday, so I ain't sure they will even bother with an inside day. Everything seems to be getting swept under the rug at the moment.

I know. I can handle like 3 days of this crap, but 12? :vomit: :vomit: Even as a flipper, that's too much. Glad I took the day off today.

Oh BTW it's you who didn't read the damn book Here's what it says in the book "I developed a unique and powerful methodology for successfully navigating this new and previously uncharted trading environment. At the core of this methodology is the measured move, as described by Fibonnaci...

Okay, whatever. You do whatever you want. I'll continue trading the same way as I've always done. End of the story. Just don't shove your shit in my face again.

Jeezus, this statement alone tells me you have no fucking idea how to use a measured move. So don't pretend that you do. Fibs and MMs are not the same!

What is it about that you found so enlightening about this book? First, why is the author misleading the readers about "Measured move"? Measured move is not Fib retracement! But that's what he pretends it is. If you don't know what measured move is, then that's your problem. Second, where in...

Why does this not surprise me? I kinda knew this would happen all along. Buy into FOMC (minutes) and then sell. Stupid me. :banghead: :rolleyes:

Oh these sneaky effers. They stopped me out at 62. So much reason why not to trade ATH.

Don't know much about their fundamentals but as you can see in the chart below, TSLA broke below the "head and shoulders" pattern, which doesn't bode well for the stock. It may retest the neckline at 200-ish, but there will be a lot of shorts waiting to jump on board and pummel this baby down...

I too am a fan of Brooks' writings but I ain't sure he taught 1-point (or 4-tick) scalping on the 1900 tick chart.

Unfortunately, this dude (Michael Chin) was outted for copy/pasting a strategy from another guy called Mack (and his system called "Pat trading"). Check out Mack's blog for details: https://priceactiontradingsystem.com/dayonetraders-com-review/

Of course, I've been doing this since you were in your cradle watching all them Boy George videos. :fistbump:

Dude, she's not coming for you. She left the station already. You should have sold when you had your chance. And that stop (gulp)! That's like 4:1 Risk:Reward ratio. :wtf: What do you mean by "which one"? Is there supposed to be a choice? BTW that chart, although colorful, is giving me a...