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Are we seeing a run up to the 38.2 at 2660?

You do seem to buy a lot at tops and sell at bottoms.

That was a big fakeout on that funnel on the 1m.

How do you define the word strategy, is it simply the entry criteria and execution or does it entail all parts of a system such as exit strategies, position sizing, risk management and money management? Simply saying that both trend following and mean reversion strategies got more difficult is...

Pretty boring day overall, but feels like it's loading up for a major move. Im leaning towards down direction.

IMO support and resistance levels created by overnight action are weaker since they have been created during less volume aka less fighting.

Agreed on the noise, but if we can hold 2610 which is the fib 23.6 retrace of the febuary decline we might see a rally up to 38.2 aka 2660. After that I would like to see the feb lows retested again, in anyways I am basically net neutral right now.

Turned sour a lot faster than I had expected. Added another short, and if it breaks 2590 hold on to your horses people.

Im guessing an upmove to 2640 before starting the descend towards the feb lows.

Usually when people start to gloat about how great everything is the situation has already started to change. There are so many tell tale signs right now, the markets have been saturated with amateur investors and traders who like to brag about their easy made money in the stock market. As...

We are soon at the 200 dma on the daily again, I dont think its going to hold again and after that its basically a free fall to 2400, and maybe even 2200.

If we break above 2680 the way is clear until 2700.

Closed all day trades with a loss, I seem to be doing much better with my longer term trades so keeping them open and calling it a day, good luck everyone!

Retesting the 38.2 bigger chance to break through this time. Reversed to a long position.

Trending down until 2639 now is my hypothesis.

Made another try at the 38.2 and got shot down, hourly candle just closed bearish aswell.

What im seeing right now 15M chart macd divergence 1M chart unable to penetrate fibonacci levels to upside

Interestingly we are at the 38.2 level of both the original downtrend and last weeks downtrend. Will be interesting to see what happens next. But I added a short with a stop at 2669 anyway.

Good traders trade, good letter writers write letters. Macd divergence on the 15m on the 38.2 retrace of the large downward thrust earlier. if 38.2 hold doesnt hold I think we will revisit the lows again.

Some macd divergence on the 15m chart. After yesterdays 100 point rally we should see some downward action today.