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No offense, but this is the problem with the Fib. When do you know where to get in? 38? 50? 62? By your own posts, they're constantly shifting.

Short 4023.50

I say we go up to 4025.

I dunno. I ain't much a Fib guy. But speaking from a psychological point of view, when you ask yourself WHY and WHO (more importantly, FOR WHOM) they took the market down in the overnight session, you should know where we will be heading.

Anyway, this is exactly what I meant by a chop fest. You might be right on your calls but, unless you have a 50 point stop, they're gonna shake and spit you out (see the above chart). You fired!

Doesn't that look like a head of a bull? :D

Some fresh news hot off the press: Hong Kong's equities climbed 224.56 points or 1.04% to finish around six-month peaks of 21,738.66 on Friday after being muted in early deals, booking a 3.6% surge for the week, after official data showing China's trade surplus hit a record high in 2022 on the...

It's a DD but I ain't sure if it completely turned around. It crossed above the trendline today, but there's a resistance just above it that looks pretty formidable. But the intraday action looks damn dismal. It looks like an atrocity. Be prepared for some big slippage.

LOL Had you read my first post, which I'm sure you didn't, you would know that I'm neither. I don't hold any position in BTC. I'm merely explaining what I see on the chart, which is that BTC has turned the corner and will likely go up in the short term. And it did! :)

Probably in the early 90s. Before the Internet, you literally had to call your broker or, as he did, visit their office. But still, that broker literally ripped him off. I'm surprised he didn't protest.

Since March 2022, the two instruments have been moving more or less in tandem. However, gold already broke out above the previous resistance while ES is stuck below it. Could gold be leading the way for ES? We shall find out in the next few days.

What's more fascinating is that people panic when they should be buying. Now is not the time to sell.

But we're heading up to 4050 tomorrow. Oh, well. :)

Just look at what happened since I've made that post. As I said, noobs always cash out at the worst possible time.

If you read between the lines, there are many golden nuggets to be found on ET. The problem is most people here suffer from attention-deficit syndrome. They can't focus on one thing at length. If the topic is about "trend", they start talking about some voodoo crap, always going off the tangent.

What's the difference between Total Equity and Account Value? Aren't they the same thing? Anyway, futures are based on mark-to-market accounting, so all realized and unrealized gains/losses must be reported.

Lies, damned Lies, and statistics!

You're not the only one. Today's one of those days where you bail out of your trades too soon only to find out later that it went exactly as planned. Well, better luck next time. :)

Time for little bragging. As for tomorrow, up to 4050 (or possibly higher).

Long 4002 stop 20 handle