Search results

Even if you do. He gets to sit all day and work in nothing but a Speedo!!

Mr. Farmer, imagine if someone came to your job site and started telling you that what you do in your business is impossible and a completely pointless. Someone who has zero experience in your line of work... This is what you are doing on this website.

Flip through all your time frames and see if you can figure out why the low was at 39.75.

What else can you use if not technicals? Astrology? News? Guru signal services? You gotta work with what you got, and the most unbiased truth you can learn about the market is from the market itself aka TECHNICALS!!!!

Just remember the higher time frame levels = more significance and bigger reaction. The tricky part is figuring out how far the reaction will go and where to take profits. Your short is a scalp against the bigger test which is going on here. Today is a test of Monday's lows.

Can also say we just formed an upside down C&H on 4 H....

Imo short term resistance is between 94 and 96.

There are now resistance levels that need clearing before ATH. Isn't it awesome how a base is building right as Morgan Stanley releases these bearish calls.

Oil is at huge support and also building a base.

So the low is in?

Nice trade

Sure but it was setup in advance of the tweet.

Here is the fill from shorting August, right before the trump tweet that sent the market down. This is IB trade confirmation report

In my view the current low came in at 3253 because it was resistance a bunch of times between end of December and early January. Look at your 4 hour, its obviously a significant level.

Both May and August had very obvious topping patterns before the sell off began. The May was a bit more tricky but if you used context and realized we were at a fresh ATH which is a logical place to take profits if you were long from the massive rally we had. August sell off was the easiest...

You would flip flop positions with no concern for liquidity? Personally I believe that Price behavior tends to precede news because informed speculators position for things in advance. Just a theory.. obviously I have no proof for any of this.

So if you are a large speculator with massive size to move do you just flip flop your position every time a new tweet comes out or when new headlines hit the wires? Is this logical?

I think a big part of this is what culture you come from and what are the norms.