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I expect weak longs to be stopped out before NQ makes a move to ATH. THAT'S when I get my reward.

That's fair enough. If & when I see a long setup on daily I'll reverse or I will get stopped out to breakeven. That's how I trade :fistbump:

Strong upside price action today.

I didn't take what 'market offers' because I'm trading a daily chart, I appreciate that in hindsight it's easy to see a reversal, but I don't see enough reasons to have pulled the trade, I still expect more downside. I don't settle for what market has to offer, if I'm right I'll get what I need...

Nobody has a crystal ball, all we can do is have faith in whatever method and strategy being used. As far as I am concerned I think of my target as being a 'conservative' estimation, but to others it may appear to be either too optimistic or too close to entry, everyone's expectations of trades...

Are still holding the 4188 long? Do you average on the way down?

Media channels all in unison making attempts to prevent market from declining. I'm ready to be stopped out to breakeven.

I could, but I don't do that. I don't scale out, and I don't scale in.

Not yet. Gains are unrealized. My worst enemy is V reversals, I can't stand them, luckily they don't happen that often.

My guesstimate is that NQ dips to 13k overshooting the 20 SMA on the weeklies.

But that's kinda the right thing to do, is it not? Explains USD price action.

@bone

Printing money is the forbidden fruit. They tried the taste, loved it & now they can't stop.

Wonderful! Legs do a celebration dance :D

Did you not take note of the first post? Not macro, me no stupid ass.

https://www.cnbc.com/2021/05/03/warren-buffett-says-berkshire-hathaway-is-seeing-very-substantial-inflation-and-raising-prices.html

https://www.cnbc.com/2021/05/03/warren-buffett-says-berkshire-hathaway-is-seeing-very-substantial-inflation-and-raising-prices.html

:cool: The ones that ridiculed me calling me Master of Poo, even though very funny, are invited back to continue the debate.