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Buy the dip ! opportunity of a lifetime

2nd quarter selling by institutions with a little news kicked in. Rebuy lower, and hit those quarterly quotos. Same game over and over

Just came on here to say that I almost bought near the highs, but didn't because I wouldn't have had time to monitor it properly. Glad I didn't. whew Been a while. Haven't stopped trading, just posting :)

and why the heck would u use an SPY chart, when ES is so much better (and smarter to use). and why line graphs ? Like who trades off line graphs ? And take off the bollinger bands. They're useless if you know how to read price.

And what exactly is the purpose of the voting ?

MA's are only a guide. If you use them as a reason/ criteria to enter, you will lose long term. I guarantee it.

Thank u mr Powell for injecting some much needed volatility into these markets. Last weeks trading was sloooooooooowwwwww

I know I haven’t posted in here in a while, but anyone trading at 10am est ? I was scalping the 1 min bars and that 10am bar jumped as if there was a news release even though there was no news. Had to be another countries Econ release. Made for a good trade though bc I was already looking short

Holy whipsaw batman !

So short right off the open, or wait for a 10-20 point pop, then short ? Decisions decisions....

I don't think its ever that conspiratorial. The open just had low interest in both demand and supply, so the drop was the result. We reach an extreme, algo's come in to buy. Demand perks up, and b/c we had low selling interest today, we blow through the levels back up relatively easily. Who...

Had a feeling that doji bar on the daily was a continuation down bar and not a reversal back up. Some nice volume clues this AM got me on the right side. Hope everyone did well today. Cheers

CPI still hot. Markets didn't care for whatever reason. Now we just needed a talking head to reiterate what we already knew. Inflation is not cooling enough. Back down we go

Sure, but taking a bad trade and seeing negative $2k in your account feels worse, believe me.

if you don't know whats worse, you have no business trading real money

Which one of u stole all my volatility ?

On another note, let’s use our brains here. If heavy climactic vol bar comes in like it did today, does that mean price has to continue to drop? Of course not. You could have lots of sell orders at 4067, but at 4062 you have high demand. And pricenchops around at 4062 and eats up all supply...

Fwiw, I generally only pay attention to volume in the opening 45 mins for scalping strats. It’s a template for keeping me on the right side. Climactic volume refers to a big vol spike to mark a top during an uptrend often portrayed as a thrust bar of sorts. Hammer, dojo, etc but I prefer the...

your wrong. I’ve been doing this a long time. Now run along little boy while the adults talk

Just a pro tip. If you guys use volume, you could have seen the 9:40-941 est 1 min bar come in with climactic volume (huge vol spike)signaling a possible temporary top. Then volume picked up to the downside.