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I am looking at multiple rejections on the daily chart resulting in a flat top, OK correction potential flat top price action. There is another key factor that I saw on the daily chart, but this won't be revealed publicly. It may well turn out to be yet another area of price consolidation, so be it.

I have this on my desktop as a reminder that nobody is that much better than a flip of a coin, so to adapt we need sufficient r:r, selling as close as possible to swing highs and buying as close as possible to swing lows inevitably provides this much needed r:r. I don't usually criticise traders...

Higher prices=Distribution Lower prices=Accumulation That's how markets worked for centuries. Yes, markets can continue trending up for long periods of time. Let's see what happens.

The way I understood it, he has short term and longer term trades, clearly he hasn't nailed a bigger wave this year and had 3 biggish losses due to having been wrong coming in early on his bearish outlook, but the year ain't over yet.

'Buy the rumor, sell the news'

Thanks. Time will tell. I didn't fancy ES, I looked at both cash and futures and couldn't find anything remotely bearish in the S&P, sorry.

Let's hope that my profile's posts:likes will add some weight to the call. Let's face it, you need balls to end up in the hall of fame or hall of shame :D

Just wish me luck pal. Hopefully, whatever nuance I saw on the daily chart has been spotted by algos and there will be sufficient distribution to warrant a pullback. I am NOT calling for the end of the uptrend, I am neither that smart or stupid.

Yes, that's true. But waiting for confirmation is like taking jam out of a doughnut. Jokes aside, I usually buy and sell resistance without any confirmations, this is no different just counter trend. I saw something on the daily chart that added validity to likelihood of double top forming. I...

Daily.

You won't get that return on the tick lol

Sell 13942 Stop 14070 Target 13300 1:5 :fistbump:

I'm gonna exploit potential double top in Nasdaq. Stop obviously just above ATH.

Split genderality?

Took loss on this one, gonna wait it out

I'm in NQ now too, let's roll!

Anyone buying NQ?

I wouldn't. You'd be competing, wouldn't even call it competing, more like shot down at take off, by HFTs. Costs would soon mount too. Don't go there is my advice. Just adapt to trade bigger cycles with real big bucks backing your trade's direction.