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another short on this retrace to 2611

Added another short here at 2623

added another short here at 2636 struggeling to make it past the 23.6 retracement of the recent 2800 to 2585 move, if it doesnt make it we will probably shortly visit the 200 dma.

Lots of noise in that area IMO, won’t consider going net long until we break above 2800 and retest and hold it.

A retrace north was bound to happen after that 200 point slide last week. I think a rally up to 2640 or 2680 before some sideways action and then back to retest the 200 dma.

Im adding more to my shorts during this rally. Expect the markets to go lower in the coming years, this is not any day trades, might even go back to 2700 this week.

I would say that following the trend is easy. It is the fact that people try to make it more difficult for themselves by trying to pick tops and bottoms on the smallest time frames that makes it difficult. If you want to trade easily, look at the big timeframes, use larger stop losses and don’t...

I don’t post in real time since I don’t care much for any cred. I only post my really good and really bad trades, the ones in between aren’t that interesting in my opinion. My main purpose on this site is just to shoot the shit and post about my views on the current market.

Been short since 2723, and added on the way down. In time price will go even lower and I intend to hold my shorts until at least 2400.

Just hold them shorts and they will soon turn profitable.

Will add some small longs at 2650 to balance my short positions.

Added another small short here to my previous ones from 2720ish.

Oh, is he the reason the previous page was only 3 posts long? Haha, I put him on ignore a long time ago.

Looks like we might be going a lot lower. Look at the H1 chart, this latest bar looks dreadful for the bulls. Shot up to the 61.8 retrace of the previous "crash" and plummeted straight down.

Put enough lines on a chart and price is guaranteed to eventually hit one of them.

True, markets are always trending on one timeframe or another. For example, a market that is consolidating on the daily and weekly chart might still be trending on the monthly. Similarly a market that is consolidating or going sideways on the 15m chart will still look like it is trending up and...

Found resistance on the 61.8 fib off the recent "crash". Will be interesting to see if it holds. I have entered some small long positions with a stop at 2638 that I intend to keep for a long time if things go that way.

descending triangle on 1m on SP500 put in a long with a stop below 2747.

Whether or not a market is trending depends largely on what timeframe you are looking.

Small long, stop 2707. Moved stop to 2711.