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Yes, you are right, it is a Wedge bottom. And good place for PT on a short. Depending on how one draws the trend line, it’s break...it’s test..then the reversal it could be called a LLMTR OR A HLMTR. That is not really important. But what is important is the fact that a reversal is taking place...

No! You are free to grab a profit by locking it in and then jump right back in if the move continues often getting back in on your second entry at a lower price (on an actual or implied pb) than your previous exit (assuming a bull move) thus COMPOUNDING your profit potential.

So what happened on the 5 min chart? Well an actual PB. Then another leg down as I mentioned in my previous post that that is what was likely. A way of gauging profit taking on these sort of BO's besides just saying "I will wait for a second leg down." is: Look for measured moves. See two? Red...

@Ego That. The market is always, at all times, in a channel on some TF. A channel is simply a range that is tilted up or down. The key is to learn the techniques Al teaches for trading the different aspects of the market cycle, as he calls it. You got spikes or BO's ….channel...range (sideways)...

That is correct. Every bar has bulls and bears trading it. Thus every bar has a bullish and bearish case that can be made for it. The trick is finding which side has the slight upper hand and betting that way, with the stronger hand. That my friend is the nature of the market. It is an...

So it starts off this way. Stay in your ignorance and enjoy it Fedex ...aka overnight.

Over next couple weeks if I find time I will be making some comments on trading PB’s and bar counting. I will likely do this with MES Trading minimal amounts such as 1 to 6 contracts (never more than 10). The amount of money made will obviously be small in terms of dollar amounts but the purpose...

https://www.americanthinker.com/blog/2020/11/the_smartest_man_in_the_room_has_joined_sidney_powells_team.html https://www.ntd.com/michigan-complaint-vote-counts-not-normal_533866.html https://media.8kun.top/file_store/1a463473af83d2dd5cfb76ce55add396e2fd01f7f90cdeb4ececa8ab9e12806e.pdf

Emotions are part and parcel with our humanity. We can’t just squash them. However, it is important to understand that no amount of emotion from an individual perspective is going to change the outcome of the market. So it becomes necessary to have trading strategies and tactics that are based...

Now themickey.....:rolleyes:

The rest of the world knows next to diddly squat about US elections and the fairness and normality thereof. They are just happy that it appears biden has won and trump has lost. Cause they just don’t like trump for a variety of reasons LOL. And it may end up being an honest election and if all...

At this point it is allegations. With witnesses and many signed affidavits. If there is any thing to the allegations then the evidence will come out in a court of law. But lawyers generally don’t throw evidence out to the public before a case is in court. Once the case is taken up by the courts...

I have no disagreement with what you say.

well if we can get the judges to take an honest look....they dismiss cases and throw them out faster than a hillbilly tossing his tobacco wad out of his left inflamed cheek without any serious considerations of the merits...standing...or allegations..

WELL ...we have to do something to keep all the piss ants raging..ROFLMAO

Agreed the guy with most votes wins. One caveat honest votes! Otherwise...democracy isn’t democracy. It is fair for whichever side wins with the honest vote! No fraud! Otherwise, it isn’t a fair vote. USA..... first in life first in death! I have Canadian friends. JUST about all of them like to...

@QTrader20 Probably better off to just show your blotter and trades and share anything you wish to share about your methodology without engaging in discussions trying to prove it. People are skeptical for a variety of reasons and it is generally a waste of time and endless battle to convince...

ROFLMAO anyone that things the elections were fair is delusional IMO (i.e. my ridiculous delusional grip on reality) LOL I am glad you Canadians are whipping the snot out of covid (even though that might be delusional). I do hear of surges in Alberta and Ontario. Have friend that live in Alberta.

BTW how are things going in Canada with covid? Are you having surges and outbreaks or is all under control?

ROFLMAO ...those that think biden won may be the ones delusional.