It's looking like a swing pivot here if next week continues up.
Planet Earth's ultimate Short side game began Nov 2021
- Thread starter margin_gamble
- Start date
Banned from Sept 9 - 16. Ban lifted today, Sept 17, 2022. This is my 1st log in since the ban. 
Banned from Sept 9 - 16. Ban lifted today, Sept 17, 2022. This is my 1st log in since the ban.
For Historians:
Absolutely unbelievable that Market did pretty much what I CALLED/outlined in Post #1068. See QQQ daily chart below and post #1090, line 1 = "Do you see the 38.2%level? Well, keep that in mind too as if we get a failed wave C rally that is the first place it could fail miserably and reverse into Wave 3 down"
Unfortunately the 38.2% level was obscured and did not have an arrow and ellipse so it could easily have been missed by readers. So here I shall plug in bigger text to bring it out more.
See below ..............
and then came the downleg aka crash because of the failed wave C
Keep in mind that the above is Daily timeframe but we were trading on 5-min frame so there was plenty of time to get in and out to catch both moves with relative ease.
For Historians:
Absolutely unbelievable that Market did pretty much what I CALLED/outlined in Post #1068. See QQQ daily chart below and post #1090, line 1 = "Do you see the 38.2%level? Well, keep that in mind too as if we get a failed wave C rally that is the first place it could fail miserably and reverse into Wave 3 down"
Unfortunately the 38.2% level was obscured and did not have an arrow and ellipse so it could easily have been missed by readers. So here I shall plug in bigger text to bring it out more.
See below ..............
and then came the downleg aka crash because of the failed wave C
Keep in mind that the above is Daily timeframe but we were trading on 5-min frame so there was plenty of time to get in and out to catch both moves with relative ease.
Very lucrative trading for both legs. Hugely satisfied and very encourging that it is not hard at all to trade both the BEAR legs but also the BEAR rally legs. I like this a whole lot better than waiting for the resumption of trend downwards and doing nothing during a bear rally.
Inflow of profits is now obscene. Things have gotten too easy. Its like I always knew that the Market is a FEAST and not a FAMINE. Traders everywhere treat it like the latter but the fellows like George soros and gang know its a FEAST.
GREEN, GREEN, GREEN all over the place and seems to never end.
Inflow of profits is now obscene. Things have gotten too easy. Its like I always knew that the Market is a FEAST and not a FAMINE. Traders everywhere treat it like the latter but the fellows like George soros and gang know its a FEAST.
GREEN, GREEN, GREEN all over the place and seems to never end.
Get a load of what I got for next week!!! It will of course be a shocker as NOBODY is expecting it!!!!!
How so?
Bearsihness of the ultra variety is in the air with markets crashing left and right and now even India joining the fray witha solid 1,000 point drop after the gurus there stated how nicely India had not followed the crashing script of the rest of the world.
FedEX 23% drop and caused the DJT to take out the June/July lows in one shot!!! Bad, bad, bad for the Economy. Then there is talk about the rail strike and whatnot.
Bottomline: every mother's son is ultra bearish and fully expecting the crash to go on and on without any respite!!!! Its dangerous to think this way as it is the standard operating procedure of the HERD. They extrapolate a move to infinity and always get slotttttered!!! So, consensus is more immediate downside action to take out the June lows. Heck, we know that this BEAR will take out a whole lot more than just the June lows ................. but let's not forget that the rallies can be mind blowers too and should not be missed.
Which brings me to next week's action in QQQ ...........
How so?
Bearsihness of the ultra variety is in the air with markets crashing left and right and now even India joining the fray witha solid 1,000 point drop after the gurus there stated how nicely India had not followed the crashing script of the rest of the world.
FedEX 23% drop and caused the DJT to take out the June/July lows in one shot!!! Bad, bad, bad for the Economy. Then there is talk about the rail strike and whatnot.
Bottomline: every mother's son is ultra bearish and fully expecting the crash to go on and on without any respite!!!! Its dangerous to think this way as it is the standard operating procedure of the HERD. They extrapolate a move to infinity and always get slotttttered!!! So, consensus is more immediate downside action to take out the June lows. Heck, we know that this BEAR will take out a whole lot more than just the June lows ................. but let's not forget that the rallies can be mind blowers too and should not be missed.
Which brings me to next week's action in QQQ ...........
QQQ ................. arrow shows where I covered on 5-min. chart. So now once again, FLAT.
Plan for next week: wait for market open, then decide Long or Short. Every mother's son wants to be Short for the BEAR trap?
No hurry no more, there's just too much money to be had, no need to sweat it. My gut feeling is we could have a Minor Wave 2 rally
Why? 5 waves down look either complete or near complete
Plan for next week: wait for market open, then decide Long or Short. Every mother's son wants to be Short for the BEAR trap?
No hurry no more, there's just too much money to be had, no need to sweat it. My gut feeling is we could have a Minor Wave 2 rally
Why? 5 waves down look either complete or near complete
Reminder: post #1 of Page #1 i.e. the GREATEST SHORT of all time, EVER. Makes 1720 looks like a walkie in the Parkie.
Just grab the black mane and ride, ride, ride, listen to nobody. just ride south
Welcome to riding the Stallion with el Manicero poaying in the background! How can you err?
QQQ ................. arrow shows where I covered on 5-min. chart. So now once again, FLAT.
Plan for next week: wait for market open, then decide Long or Short. Every mother's son wants to be Short for the BEAR trap?
No hurry no more, there's just too much money to be had, no need to sweat it. My gut feeling is we could have a Minor Wave 2 rally
Why? 5 waves down look either complete or near complete
View attachment 295322
where I covered the QQQ shorty!!! a no-brainer, so utterly butterly simple and delicious! How can anyone miss such simplicity is beyond me! Its staggering to see so many struggling with FA and hocus-pocus all over ET, complicating things tosuch a degree that theyforget the plot
Lord have mercy on my soul and pls don't let let me get taken in by greed! I don't want bigger bucks no more, I can't stand it no more, don't know wht to do with it. Can't give it away either becasue give it to whom? Turn them criminal? Given away to them that I wawnted to help already done deal.
But now what? Finance soup kitchens? Does not indicate!!! Then waht the heck to do?
Don't know! But do not want ot become a Shylock!
King of Kings (Dollar Index) has not forgotten that I was the only one who stood by his side and refused to stab him in the back the way they did Julius Caesar when even the lowly foreign currencies like the Indonesian rupiah were laffing their asses off at the KING getting slotttered. Look at them now as the KING devastates them all!!!!
Called yet another greatest turn in the KING. I call them all, tops and bottoms for the KING. He understands its not personal
https://www.elitetrader.com/et/threads/eurusd-im-long-0-9906-stop-0-9860.369537/unread
Called yet another greatest turn in the KING. I call them all, tops and bottoms for the KING. He understands its not personal
https://www.elitetrader.com/et/threads/eurusd-im-long-0-9906-stop-0-9860.369537/unread
While we wait for tomorrow's action in the markets, check out my kind of guys, young lions who follow nobody but do their own thinking and their own thing.
Neil showed me exactly wht was going on onthe streets of London during the Pandemic - 50%+ businesses shuttered and whatnot.
Neil showed me exactly wht was going on onthe streets of London during the Pandemic - 50%+ businesses shuttered and whatnot.