Predictable bounce at unchanged. No gap fill on NQ yet, so we may very well see another thrust down from here.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Open gap at 3090,75 which also happen to be 1 % down.
This market is weak as f**k with the TICK hitting low readings. I think we'll drop even further even if it's 'improbable'.
The only hope is that NQ is still putting in a higher low relative to yesterday.
But I won't hold my breath.
This market is weak as f**k with the TICK hitting low readings. I think we'll drop even further even if it's 'improbable'.
The only hope is that NQ is still putting in a higher low relative to yesterday.
But I won't hold my breath.
Understand this time could be different. We had the greatest 11 yr bull in history. Everyone's so programmed to buy dips. What if this time we just keep grinding lower and all the bottom fishers panic day after day ? We've never seen that. In reality were hardly down right now. We hit ath's last week. Use protective stops. I have a saying. A trader who doesn't use stops will soon be an ex trader . We only control one thing OUR LOSES .
Anyone that hangs trades on Fibinonacci does not sound credible to me... might as well quote astrology, it's the same thing. BTW you need a new keyboard, yours seems to type blanks when you hit 3 or 0.
Oh man, so where were you when markets were making continuous new highs defying all logic, your view based on those 31 years of experience at that time would have been helpful.
You see a lot of "ghosts" after trading thru 1999-00, 2007-08, etc..."warning signs" lead to under performance on those generational blow off moves...the crowd that's never seen a bear market (i.e. those who started post-2009), just relentlessly buy and get bailed out.
There's a good reason why prop firms always preferred traders with "no experience". Nobody wanted the jaded guy who thought another 2000 or 2008 was around every corner.
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