Ok I just saw there's a member here named Picasso. You're referring to him?
This coronavirus volatility has got me thinking...
- Thread starter farmerjohn1324
- Start date
Ok I just saw there's a member here named Picasso. You're referring to him?
no the chart is not clear cannot see individual bars.
i think most people trade their expectations, not technicals.....i did too..... and then blame technicals
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that is perfect.
it it were a forex chart i would short it but after that, depends on what the next two or three bars does........but a lot depends on what took place to the left on the chart which is not shown
Hey man, why do you need to analyze a every scenario 100 times per second? Let me ask you a question for a change (that will answer my question and potentially yours)
Which one do you think is the most likely scenario. You can choose "A" or "B"
Scenario A:
People moving large sums of money are pressing buy and sell on there entire position multiple times per minute, hour and day causing huge swings up and down, to the point where you need a super computer to analyze everything because it's happening so fast.
OR
Scenario B:
People moving large sums of money slowly build a long or short position over time so they don't price themselves out and are able to build a position at a price they want and once all the supply is controlled they can force the market in the desired direction.
Scenario A I guess you need a super computer. Scenario B means you have time to find the clues they leave behind while building the position.
Bizarre. Notified that trdes responded to my post, but its farmerjohn.
Gosh, I hope I'm not posting as farmerjohn also.
I quoted him, but also quoted you and than edited out your quote. I don't know what happened exactly, but I did quote you both not meaning to. lol