QQQ short 306.15
Planet Earth's ultimate Short side game began Nov 2021
- Thread starter margin_gamble
- Start date
Stop 308.64 right now
QQQ short when 304.76 stop 308.64
QQQ short 302.6
Double confirmation of my assessment that Wave 3 in Covid has started. News orgs are waaaay slower than TA
New orgs versus Fundamental Anal-ysis? Which is faster? Both only operate on after-the-fact. Hindsight champs.
https://www.marketwatch.com/story/u...pandemic-is-not-yet-over-11658499199?mod=bnbh
Both World War champs are leading the charge in Covid
This super high degree of TREND Bear Market, when over and 50 years have gone by, will be referred to as Punishment-meted-out-for-sins-of -the-past
Given that we stopped these guys from destroying the world, could it be assumed that in KARMA's eyes this massive goodwill that we earned can be used for our thereafter transgressions, esp. Iraq slaughter of innocents? Its possible, I'm not sure.
https://ourworldindata.org/explorer...olor+by+test+positivity=false&country=DEU~JPN
This super high degree of TREND Bear Market, when over and 50 years have gone by, will be referred to as Punishment-meted-out-for-sins-of -the-past
Given that we stopped these guys from destroying the world, could it be assumed that in KARMA's eyes this massive goodwill that we earned can be used for our thereafter transgressions, esp. Iraq slaughter of innocents? Its possible, I'm not sure.
https://ourworldindata.org/explorer...olor+by+test+positivity=false&country=DEU~JPN
QQQ Stop level I like is from the one above mentioned 308.64. I like it because its has a long neck candle on 5-min. frame, the trading timeframe for the last few days. All Stops will be placed here. I am considering placing this level as THE STOP for my entire Core Position. This is a big decision that I do not take lightly. I thoroughly dislike to abandoning my core position before the Trend has reversed. But there is something that is bothering me about this bear rally. And given the degree of BEAR we are dealing with, the head fakes and dodgy trickery can and might be nonpareil. Until I sort things out in my Head as to how far this bear rally is going.
Look closely and notice on daily chart that the today's reprieve is due to QQQ hitting the 38.2% retracement level of the most recent downwave on daily timeframe.
https://schrts.co/syAEwjZq
Look closely and notice on daily chart that the today's reprieve is due to QQQ hitting the 38.2% retracement level of the most recent downwave on daily timeframe.
https://schrts.co/syAEwjZq
What if the bear rally is not satisfied with a mere 38.2% but instead wants to hit 50% and/or 61.8%?
And the worse case scenario is what if this bear rally is correcting the entire down move from Jan 2022? I'd be giving back too much of my core gains because in a Wave 2 retracement the most often target is 61.8% retracement. This is giving back too much of my hard earned gains. I won't be able to tolerate this kind of stupidity.
Therefore I need to decide on this asap
QQQ 5-min. working chart ................. see the marking on the top for wave 5?
OK, so now revisit and re-read the previous post about the treachery of the bear rally and consider this: as shown in chart of 5-min. we completed 5 waves up. But this could only be a Wave (1) up. How so? Waves are fractals. So this could just be the first small degree move up from July 14. After a correction the wave can take out the top and continue for another 5 waves up and so on on this very same 5-min. chart.
This then oughtta give more clarity on what is bothering me .............
Hope I am making sense to readers, most of the time none of this makes sense to me either like I'm a gone case, lost in a world of my own I'm not filtering out any thoughts just letting them stream and I've not been feeling too good for these 2 days as you have clearly seen, so incoherency is a given. I apologize in advance.
Popularity is not my thing, I follow just one precept and this one only and it has always kept me true to myself regardless
Say what you think and feel, be yourself. Those who mind don't matter but those who don't mind matter supremely.
http://tos.mx/Ru59Tyi
OK, so now revisit and re-read the previous post about the treachery of the bear rally and consider this: as shown in chart of 5-min. we completed 5 waves up. But this could only be a Wave (1) up. How so? Waves are fractals. So this could just be the first small degree move up from July 14. After a correction the wave can take out the top and continue for another 5 waves up and so on on this very same 5-min. chart.
This then oughtta give more clarity on what is bothering me .............
Hope I am making sense to readers, most of the time none of this makes sense to me either like I'm a gone case, lost in a world of my own
I'm not filtering out any thoughts just letting them stream and I've not been feeling too good for these 2 days as you have clearly seen, so incoherency is a given. I apologize in advance.Popularity is not my thing, I follow just one precept and this one only and it has always kept me true to myself regardless
Say what you think and feel, be yourself. Those who mind don't matter but those who don't mind matter supremely.
http://tos.mx/Ru59Tyi
update:
ET traders know better than I do the simple fact of the matter:
All my methods are failing in this bear rally. And if its not a bear rally but the real thing, then its no wonder everything is failing.
Still a bear rally to me.
That is the bottomline.
Toolbox is empty.
I continue.
Could the post in quote have been made at my darkest hour? "Darkest hour being just before dawn"
Its possible, only a few more days will tell.
Life or Death. I'm here for either one but prefer the former
Toolbox was empty but all of a sudden 2 fishes appeared in the box like the Sermon on the Mount. I am starting to see that my methods are actually working but are in competition against my own stupidity. The latter nearly got the better of me.
More on this down the road apiece