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in the short term we bounced on the long term support and are now building an ascending triangle that should carry us up to around where the long term resistance and short term downtrend cross large chance of a drop down from there to retest the lows and start creating a larger descending...

It is the best book to read once you have earned some knowledge in the markets, before it is very hard to decipher the gems in it.

You seem to be contradicting yourself. First you agree with me saying that this is not the time for slow uptrend bucks to be made, and in the same sentence you seem to insinuate that I am saying this time is now, which I am not. High volatility markets are fun, but they are jumpy and not...

These periods will come again in the future. We might be in a crazy volatility rally up drop down market right now and it is hard to tell how long it will last, but you can be sure it will end and come again, just like the slow steady bull markets will return.

Volatility is fun but the slow grind no risk uptrend is where the easy big bucks are made.

I use an Australian broker, mostly because they have low spreads and provide mt4 for free. Having to pay extra for shitty charting software is why I don’t use avanza and nordnet. Last time I traded mini futures you couldn’t set a stop loss and that’s just a big no no. I tried working around it...

A lot harder if you don't trade via an ISK which I don't. Declaring taxes is a pain in the ass trading different instruments via CFDs.

Building a huge ascending triangle on the hourly chart. Will probably carry us to 2720.

A play I think might be in play, when we have built up to the wedge at 2700 we will break the feb lows.

Should be some more upside before another drop.

I’m not sure, might very well go lower.

Very weak, feels like it’s gathering strength for a drop.

With such a volatile president chances of unforeseen catalysts surely increase quite a bit.

I'd compare it more to swimming in shallow waters before jumping off in the deep end. But you are right, just because you sim trade doesn't mean you have a plan. Utilising sim trading right, as in testing out trading ideas and going through the motions, following your rules and discovering...

Indeed, did not expect it.

Im holding some shorts, downday on friday can be a good short trade on monday.

It's still better than having no plan and getting punched in the mouth.

Sim is not useless, it's just a different thing than trading live. You use sim to master your strategy and go through the motions, you go live to master your emotions. It is quite a lot easier to learn to run when you know how to walk, why make it harder on yourself and not learn to do your...

Everyone has different views on trendlines. I don't see them as absolutes, as that would be quite absurd. As with most technicals I merely see them as an area where price has a higher probability of going in one direction than the other. Yes I am buying at a higher low or a lower high, you can...

It might be about to break. Pretty interesting price action.