Hey Pek, Do you really still think that trading is about making predictions? This is a game of observation.. plain & simple... patiently hunting & waiting for the best RR scenario to present itself... The reason you don`t comprehend this, is because you don`t do it but yet seem to have all of...
I appreciate the kind words.... I`m a scaler by nature... I see it as stealing second base while leaving your left for on first... Intraday would be a range... & if positioned swing/ longer... usually 4 entries over a wider range... but there are times like last night ES/ Globex where it was...
You know Not what you speak, Pek... A traders Perspective & POV is strikingly different from the average civilian/ every day Joe investor, that enjoys "talking the markets"... Iv`e listened to you spew your strong opinions here since 2006 on everything market related ... advising other posters...
Irrelevant .... What you need to understand is "Where & When" these patterns/ setups occur.... random set up are often irrelevant....
Have you considered funding an account yet & trading your opinion? ... It`s a diiferent world when one has real Scarole on the line... Just Sayin`!
We have a perfect Textbook Island Reversal at the top of the ranges here on all Indicies... It`s The Bears turn to gloat.... Real Traders may want to consider sliding on their Shorts one leg at a time... To the pesky investors here that pretend to be traders... you know who you are... don`t bother!
We`re looking at an Island Reversal here off the open... Big Bearish Pattern!
Which is what I anticipated would happen given 2 short entries.....
I`m going to continue to sell the rips, melts, & grinds...
I see what you`re looking at... however, I continue to sell the moves, rips & meltups north... 32 sell at 9;30 was textbook to the T... Don`t let your position influence your objectivity....
BOOM... 2788 as I type!