Charts

All your charts of today show the same thing: oversold. Unfortunately this kind of setup is not very accurate, so it's not that useful:
  • If you stay out you may miss a nice downtrend, or a retracement / reversal upwards.
  • If you go short you may get caught by a retracement or reversal.
  • If you go long you probably entered too early and didn't pick the bottom.
Safest? Stay out
Highest probability? Look for an entry with the trend (short).
 
Are you talking to:

1. Me?
2. Yourself?
3. The Audience?

Quote from cnms2:

All your charts of today show the same thing: oversold. Unfortunately this kind of setup is not very accurate, so it's not that useful:
  • If you stay out you may miss a nice downtrend, or a retracement / reversal upwards.
  • If you go short you may get caught by a retracement or reversal.
  • If you go long you probably entered too early and didn't pick the bottom.
Safest? Stay out
Highest probability? Look for an entry with the trend (short).
More...
 
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