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Glad you like the posts but more important I sincerely hope they are useful as you trade. Also you mentioned the “best point” for you of my post was: “What is the probability of the trade actually reaching your PT before it hits your SL?” I said I would put my SL above the big bear bar. Looks...

Yeah some place won’t attend you if you wear a mask. And they will tell you so.

Oh....lol there is plenty of liberals..leftist...and democrats not taking responsibility. Protestors wearing masks? Plenty aren’t. Those (At least some) that do are likely doing so to hide their identity. Nope, sorry the blame lies with the people on both sides.

I expected such a response. Why were the people then listening to him? Shouldn’t they have listened the health experts? Oh, but wait, the experts didn’t know either and have changed the narrative more than once. Actually, trump stopped travel from China right away and the left screamed about...

IMO missteps were made by all involved. By science..by health professionals..by politicians... I knew that immediately things were awry when the top health professionals were saying at the start of covid “that masks do no good...leave the masks for health care workers.” Duh! So I immediately...

I too like cliff’s version better. But since Johnny Nash is the one who passed away......and he wrote the song..“I can see clearly now”..... The song is about hope and courage for people who have experienced adversity in their lives, but have later overcome it. Great connection to trading the...

https://www.cnn.com/2020/10/06/entertainment/johnny-nash-death/index.html One of my favorite songs to connect to trading ......

The Counter Intuitive Nature of Risk/Reward Ratios by Boris Schlossberg What’s better – taking many trades that have a reward to risk ratio of 1 to 5 or taking many trades that have ratio of 5 to 1? Would you rather make many bets that pay 1 and risk 5 or many bets that pay 5 and risk 1? If...

SOME THOUGHTS ON TAPE READING I will weigh in abit on the concept. Tape reading is the science of interpreting price and volume with a view to anticipating futures moves of the market. It is correlating price and volume. Volume is a “leading” indicator of price. Price is 1/2 of the picture...

The Counter Intuitive Nature of Risk/Reward Ratios by Boris Schlossberg What’s better – taking many trades that have a reward to risk ratio of 1 to 5 or taking many trades that have ratio of 5 to 1? Would you rather make many bets that pay 1 and risk 5 or many bets that pay 5 and risk 1? If...

I will weigh in abit on the discussion. Tape reading is the science of interpreting price and volume with a view to anticipating futures moves of the market. It is correlating price and volume. Volume is a “leading” indicator of price. Price is 1/2 of the picture. Volume is the other 1/2. Tape...

You have recognize the cycle. The market goes from range to trend to range to trend...etc. Trend starts with a BO (can be strong such as in a spike) or weaker but an obvious BO. Once it gets it’s first PB after the BO then it is in a channel. So the trend “part” of the cycle refers to a BO and a...

First define clearly: what is a trading range? A trading range is: 1) in it’s simplistic definition it is any mostly horizontal area of price movement that consist of two-sided trading thus indicating uncertainty in the market and indicating that both bulls and bears are in balance. That PA...

Perhaps you can’t comprehend ...“why eternity”? If there is a devil and demons do they deserve eternal punishment?

Why would a parent punish their child for not believing him/her when the parent told the child “clean your room up by 12:30 ....if you do not you will be punished”? Does that make the parent a cruel parent for exacting the punishment upon the child ...i.e. the punishment the child was warned...

Have you ever got drunk and gone fornicating?

The concept is in part the basis for averaging down..:D

ROFLMAO

Biden ain’t gonna win:rolleyes:

That is exactly what I am suggesting. But I would be adding multiple shorts during the pB. That is, I would let price retrace 1 or 2 points and enter short again. Then add to that initial short entry averaging in again short when it moves against me a second time, another point or two. Finally...