BB sucks big time
I can only say you should take time to learn PA properly.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
I can only say you should take time to learn PA properly.
Never heard of that, I will research it. Thanks.
Yeah the only thing I am doing any good at lately is silver.BB sucks big time
We all have our things we use or don't use and opinions thereof. But ...BB sucks big time
although I don't use BBands for exits I use them all the time for entries. Meaning never enter long above midpoint to upper band and vice versa never enter short below midpoint to lower band. Works for me not to chase price.
Here is why I am short-happy lately - $SPX daily chart with an alternate bullish wave count. Always have to have a what if scenario whether the the bear market is possibly coming to an end or not.
Waves 1 thru 4 were completed (waves 1-3 anyway) when price broke through magenta colored horizontal line which was drawn off the highest close of Wave 1. For EWcount to continue Wave 4 cannot close back into closing range of Wave 1 which it did invalidating EWcount. Which obviously means bear EWcount continues ..... dowwwwn.
Waves 1 thru 4 were completed (waves 1-3 anyway) when price broke through magenta colored horizontal line which was drawn off the highest close of Wave 1. For EWcount to continue Wave 4 cannot close back into closing range of Wave 1 which it did invalidating EWcount. Which obviously means bear EWcount continues ..... dowwwwn.
I certainly ain't saying this bear market is over. Far from it. But there will always be a pocket of relief rallies along the way down. Why not get on board and make some money rather than get wed to any one direction?
Look, we're already breaking higher in the Globex and retesting today's HOD. Obviously, they wanna take this market higher. So throw the "what-if" out the window and hop on the ride for some free money.
But then if I did that there would less points for you to make.I certainly ain't saying this bear market is over. Far from it. But there will always be a pocket of relief rallies along the way down. Why not get on board and make some money rather than get wed to any one direction?
Look, we're already breaking higher in the Globex and retesting today's HOD. Obviously, they wanna take this market higher. So throw the "what-if" out the window and hop on the ride for some free money.
My style (unlike flipper yourself) is to sit and wait, then pounce. Can't be sitting and waiting when you are in a trade.
But then if I did that there would less points for you to make.
My style (unlike flipper yourself) is to sit and wait, then pounce. Can't be sitting and waiting when you are in a trade.
I am the same. Waiting for the SPX to get to around 3920 before I start building into a short position again. So staying out of the market until that happens or we break down below the recent low again.
Got to admire Schizo's approach of making gains in both directions though.