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only a little chip after 20 years of pumping huge profits ain't any resemblance of taught
the taught is you have to buy dip and wait for profits
ok, np
You are ssooo right, "Jerome and Paulson seem to be some real smart fellows".
He forgot to mention the 20%+ inflation coming up which would give even more reason for the SP nominal rise
charts feel TOP of BS in 1-2-3 days , so by Wed Aug 1st
"the day"
When will be seen in charts will be both too late to position and too expensive
On intraday JO I plan to buy mid-t dated puts
Q I have is only what p point
lotto priced or more serious
I sincerely doubt such a thing
Quote: "We got all that answered in great detail.."
It only looks simple and understood
I don't know if I need to be happy or sad, but it's more to it than I realized
Happy because in theory I can have a better chart, sad because I can't consider the dam thing finished..
Since I can't see the end of road, I assume same holds true for anyone else using such things provided they are not content with whatever level they got. And I get the feeling that people like TT are limit pushers too, hence I can't believe "ALL" was answered since we don't even have the "ALL" yet to even address it.
Things/ideas to further scratch the surface are stuff like cumulative OE, balance OE, combo OE (not the next), combo OE of Wk and Mo, ATR OE, and OE pivots but not usual lines, on and on and on
I recently want to work with some mixing and angles.
Yes, only scratching the dam surface
Yes, you are smart
Actually he just makes the point , very well imo
BUT - we are not YET in that situation (including the stock market)
Altho the establishment lead us there it seems
I see the smart thing being the coupling to gold.
This allowed the scam to continue even after the decoupling, which I see as a no-choice desperate act.
If a country like say China (which stores tones of gold all the time!!!) would attempt to do it today (coupling to gold), even if just partially, and offer a small interest, imo they will get the same result as USA did and dethrone USD as reserve currency privilege.
If you put the same ingredients together you get the same food...
I can not even begin to understand the effects on the world as we know it..
wow 20 years later and 2 TRILLIONS dollars wasted and 3500 soldiers (someone's children) killed (mostly Americans), and Taliban took all back and much more in mere days quite effortlessly
WOW
Now if we draw a parallel between that terrible situation to this stock market where just the same TRILLIONS were thrown at to be wasted senselessly just because, imagine if it will give it all back with the same speed
I imagine is possible
Maybe both will happen in these times, just do it and get over with, the correction of all uncorrected postponed corrections
Ferda, you won't catch me arguing on stuff like that.
I arrived on that on my own (go figure) as I stated before.
I see OEPM much more complex than has been presented, while still remaining pretty simple (kinda like the angel being in some details)
So therefore I can not and will never argue with your position on this technicality, you have my agreement.
But OEPM among other tools have the keyhole problem.
A weekly chart, and a monthly chart will eliminate that problem.
So don't stop using and trusting that, but for the love of money have an eye to the big charts - those NEVER fail to show you the big picture
Yes, it was presented also the YOEPM but that's not what a monthly chart can do
btw only the lines are static, not the concept, the price is live and you have to manage your positions vs the lines and price action (pretty similar to trading expectations if you draw a channel on a regular chart or trade off the moving averages and bollinger)
It will go up tom imo, FANG has room to run.
BUT, it's possible that tom will actually be the day to try a short.
imo you bet on "the day", but seriously, unless you can't be 100 it's a gamble, calculated, but a gamble
It is less of a gamble to let go the cream off the top and wait for a resistance that holds
Look at monthly, look at the calendar, there is no chance in h that SPY will produce a precipitous drop - and I think that's what you hunt down
Good thing you didn't need a cop to the scene as she was already there :/
wow, it shows it's not your time
But you should enjoy the life, you see how short can be
Welcome back
Are you ok ?
SPY is nearing a TOP
I see all indicators stuck at OB so no way they can signal a top
The only thing that can not be manipulated is price imo
So if you want to see a top you have to read of support and resistance and have few clean bare charts with no indicators, not even 200 ma
This is how I predicted (successfully) for a friend the first collapse of BTC from 20000 to very near where it stopped falling (I don't trade that)
SPY is in the same ballgame now.
The collapse will be down to 350 area. Don't ask when, not yet, but it's in the making.
As of now that will imply a 100 point SPY drop, which ought to blow the panties off all traders if will flash. Reason doesn't matter. It's just money.
I see NOT a top yet, but I do see the reality.
IMO that should pay handsomely if caught.
Also I think that price will stutter then collapse fast, pretty much the same tactic as we see pulled on the shorts all along.
The difference is that a strong move like that should net a big pay far and beyond what they got until now, and catch some whales in the process too.
Now ignore this forecast for now, trade long and calls, no clouds yet, SPY is pumped normally for now.
Always some technicals don't matter and some do.
Same true for fundamentals.
The difference between the losers and winners is that the winners have the ability to disseminate and look at what matters and disregard what doesn't.
For example, in trending period you want to look at moving averages as they are the ones that matter most above all others.
A second best is TLines.
In a sideways you disregard (most of) them, and instead you look at channels.
It sounds crazy simple and it is (simple not crazy).
It's entirely up to you what you look at and how you place your bets with your money.
Above is 101% true with SPY as a stock.
With options, well, the game is harder. There you have to not only be right on the above, but you have to go more extra miles as you bet with heavy handicaps.
For example you bet SPY will go up 2$ , but your option expire BEFORE that, so you could be correct but what good is that..
You are far from being the only one posting unfunny stuff on this matter
Deva, here's another example and this time as a follow up on prior post/charting.
See just how spectacular AGAIN this can be and was.
Nothing is sure in the market, failure exist, but the odds are evidently of high grade.
NOTE: to get the high grade odds for trades one has to really know charting in simple form, thus CORRECTLY assess the chart landscape and draw the right conclusion - sounds obvious but is harder than it looks. Also, such opportunities are not every every every every day, but enough times to make a difference and make you happy.
Again, the trades found were spectacular. The help between the two markets helped. There is a correlation, even tho like I said games are played and can drive the trader/chartist crazy sometimes.
The last blue horizontal line (thickest) of prior support was supposed to be support. When price violated it then it was clear it is now resistance (the top of intraday of yesterday), where we sold the calls bought in the morning - look at the precision.
The yesterday morning buy was a bit mushy but spectacular nevertheless. To find it I COPYed the thick brown line of the bottom of the big channel, and dragged it down at the same distance measured as the big channel. it worked. There is also a horizontal line (green) I drew which makes sense and almost intersects the bottom of the enlarged channel, which lends credibility, and voila how well it worked. So it was 2 Buy points, not far apart, then one Exit point at resistance (resistance as explained above), and Buying puts at said resistance, then cover at support --> this, granted, was NOT as simple to find, but the dotted green line made good sense, so you had to let ride down, but approaching the dotted line you had to see if price bounce in short time frame and if it does (it did) then cover and collect your money. Even if you did not cover the puts at the dotted line, it was still a pretty green trade till the end of day.
Note how the attempted resistance gray thin line of before yesterday held, quite spectacularly, and it was just an attempt. Robots do that.
Aside of all this we of course have the regular ma and pa charting, which is also of great help.
I only took the morning trade (calls) , only one trade, as by the time of middle-day trade I was working, so if I can't watch the game I can't trade it.
This screenshot was taken this morning in pre, and I consolidated the frame from 60min from prior post to 120 min in this so to fit the price action (which remains the same as you can see)
I didn't see any follow up interest so I will stop bothering.
I believe and hope it was enough as example(s) to understand the concept.
As always, good trades
Everybody trades in pajama in the morning on the West coast Lol
near 441 is a good ST Long-daytrade today, maybe even tomorrow
That TOP call worked well.
let's try some more guessing.
I think TOP is not over yet because it was a too shallow correction.
Today they want it weak, half day already showed it being the case.
Some short term systems are contradictory , by design I'm guessing.
But tomorrow they should rise it strong to attract bulls for the Friday red steakhouse.
Trend is up tho so BTD is not gone away and remain the fav.
I'm curious myself of how will work out.
what is Your accuracy ?!
Quote: "they are trying to convince you they are making 10%...100% of the time.
If 50/50 is break even, and 100% is impossible....let's give them 75% accuracy as a miracle gift. "
Deva
I am not a paid subscriber
Disneyland points
The (support) slanted thick blue line I used yesterday and today'
(for the exit I used a combo, primarily candlesticks with the eyes to lines)
The Red, pale red, and brown lines are exactly same angle.
The blue support line is a deviation from red, but has to be because it forms uniting the beginning 3 pivot points - it worked spectacularly. But to trust it I had to look for a coincidental other things found in normal charting, so when they aligned, i trusted the yesterday low (was impossible to predict the manic rise, but using common candlesticks rules as guidance it worked)
Today is hard to see here, but SPY jumped (coincidental with tagging the blue line) quite seriously before selling off back down, so it was a success charting.
The horizontal blue lines are to be bought incremental (1 unit, 1 unit, 2 units, and so on, to capture a gain when price finally jumped and it did from the lowest/thickest.
The 2 red lines are a smaller channel.
My answer is, I use my own charting, then look here to see if I find coincidences and only trade the coincidences.
Yes, if you think is more it is, I used more ideas to look for coincidences , more timeframes, but this is really true thing.
But I use NO indicators whatsoever, nada.
As you see pre and AH is all there in this, all seems to be part of the game just the same.
I drew a gray line for middle of upper channel (it's a must with channels to gouge strength)
(The faint red line is middle of the larger channel)
The downward gray lines are an attempt to see immediate resistance (they have same angle as machines tend to respect their own angles few times).
So in the morning I look for coincidences and go with it.
Yep :)
What drew me off were OPPOSITE candles (red vs green), even strong at that which really mesmerizing you. It did a number on me, but I start getting used to it and find ways around this trick they employ.
Happy trading Deva
All the best
Chart frame here is 60 min (but I use whatever I like at a given time)
who cares, I almost got the lows with calls
the futures threw me off
still learning the ropes of the puppeteers masters to dance as they want me to
Informative: I did not know that writing negatives and/or about the Fed and "banking crime syndicate" is very good topic, the post will not get deleted but stay, but if I look at the negative post and then if I innocently simply asked the person if he is short and (if yes) , from when - then that post would definitely constitute OT and the post will be deleted...
Negative posting YES YES YES, but asking that person if he is short and from when is NO NO
Maybe you guys knew this, I did not
It's always good to know what we should be talking about here ...
To remain as much as possible on wanted topic ...
I don't see potential
According to the bottom scale of the 4cast chart it's daily and waves are 2 month long , so similar to cycle waves before them.
SPY has 3 similar patterns one after the other since May , currently in 3rd
The drop in volume points to loss of participation (all in, smarts out)
let's not forget the yearly ATR when trying to forecast
this SPY seems to have reached it
I was referring to daily chart waves (I assumed that is what I was seeing)
My reason is both logical and simple - the price kangaroo can not keep jumping the same way and force if too many climb in her pocket.
So logic of nature dictates that she has to throw out at least some of the "undesirables" - this will force a different price "jumping pattern" (aka patterns and/or cycles)
It happens EVERY SINGLE TIME.
In the macro view the SPY kangaroo keeps going , but in (daily chart and intradays) patterns things just won't continue the same way, never did, never will except in coincidences due in part of them rolling around at random computer canned patterns
This is a clear example of my post about Futures vs SPY
If you look right now in SPY the chart is pitted against resistance, yet in Futures has at least a dollar room upside
and THIS my friends can get your short in trouble
you have no choice but look for some sort of alignment to increase your odds against these manipulations
(my small short pos in the morning has nothing to do with this/these, it was based on few other factors two of which are gone for now)
I took a small ATM put in case they run it down (in red of course)
Just waiting for more weakness before adding, So far i see support and strength with the yesterday as resistance, but uptrend forbids shorting, but I took a small pos just in case given the elevation coupled with grinding..
In grinding the drop should be vicious IF comes hence my "buy some puts just in case" idea came from
It's a TOP early stage I'm seeing nevertheless
... I don't wanna miss the fast and furious LOL
(I'll comply and fold my put pos if market says so - it's small pos anyway)
those forecasted patterns resemble past patterns
from experience I can say it's not going to happen with that pattern continuation for so long
you have to put pc aside and be a little creative
I don't know what is but not that
500 is in the cards but how to get there is not a clear path
I think ST is weak, but I see a bottoming already so the downside is minimized at this point in the day
Day is capped and a range play imo is the right play (I don't have the time to do it properly being at work)
Grinding TOPs today or tomorrow, then correction ahead
That's my calling
Risk is facing down not up for short term
(p.s. given the steep rise state of the overall move SPY can drop well bellow 430, especially if the INSIDERS think they weeded out the OUTSIDERS shorts)
So it's a 2-day event, Wednesday-Thursday.
But what if one is up and one is down or vice-versa
But anything helps a little
Thanks
So a red www would mean a red tomorrow or a red today?
This seems a piece part or fit for OEPM scheme
Wow ferda, I guess I should've not expected anything less from you :(
In this regard I'm more disappointed in myself than in you.
So you call THIS market commentary??? !! : "talking heads super BS spreaders, saying the BS pump infections spewing out of their yapping jaws is out of control, and needs all of their talking BS'ing heads put in a two week quarantined program to protect the general trading population from being infected from their yapping jaws BS"
Quote: "Conversation was in regards to market analyst talking about market conditions"
---
Please stop it
How about the WWW ?
How'd you explain this hyp... something, Freda?!
"trendzone Monday, 08/09/21 12:43:37 PM
Re: None Post # of 344808
Traders call CNBC talking heads super BS spreaders, saying the BS pump infections spewing out of their yapping jaws is out of control, and needs all of their talking BS'ing heads put in a two week quarantined program to protect the general trading population from being infected from their yapping jaws BS and come down with toxic red tank symptoms that lead large losses of trading account values.
YOU ANSWERED to this OT with another 100% OT
"Ferda Monday, 08/09/21 01:48:22 PM
Re: trendzone post# 344808 Post # 344819
Controversy sells
"
Then YOU come and tell me THIS ?!
Ugh
At least I add material and real stuff.
I save posts this way as say I would need later. And we are people, we all add a little commentary of life on the side now and then. Take it easy ferda.
I'm a little kettle
Let be Ferda
-----
Anyway, what is that market WWW you and deva talk about?
Tomorrow is Thursday , what www is red ?
I don't recall
... SPY at ,,, 444 hmm
I hear ya.
I know quite few stories too.
One in particular, past spring, a colleague from another location took a customer for a ride, the customer coughed quite few times. 2 days after the customer ended up in hospital where he was diagnosed with covid.
My colleague 3 days after that got sick, sore throat, fever, hard breathing (non smoker 70 yrs old in very good shape).
The clinic diagnosed him with covid.
There are about 7 people around him ..... NOBODY got infected of this covid (flu) from this guy.
It so happen I rarely visit there, once in months maybe. yet that very day I actually visited them and sat next to this guy and talked with him and such. NOBODY ELSE got sick ... from this SSSOOOOOOO contagious disease...
Me neither !
I was worried of course given the non-stop avalanche of brainwashing fearmongering media material, but nothing happened.
The guy was back fully recovered.
..... Then after FULLY NATURALLY IMMUNIZED because being sick and recovered, he was still pressured into getting stabbed with the concoction and get 'vaccinated' as per establishment's lines (one month later).
I asked him later "why did you do it", he did not have an answer.
Hopefully we will see how this will go.
I did stockpiled some food and supplies BEFORE shelves were emptied, but I wasted a lot. If nothing happens then things revert quite quickly to status quo. Only a destruction of infrastructure can change things.
We live and learn.
--------------------------------
On spy I have 444 as I mentioned, then some of my charts are suggesting dday around any corner.
But I have zero confidence in a crash at this point in time, only correction, being it stronger or not.
But now longs laughing it sounds to me exactly foolish like the shorts laughing and buying losing puts.
I think volatility is about to increase
nice
"I Will urge everyone, on this board, to buy one third your account in dried goods, and water..."
1. Why ???
2. How you suggest someone could do that?
First, you don't know what some people account size is.
if it's 3 million, what he should buy 10,000 bean cans ?
500 lb pasta?
Is he gonna have to eat all that FOREVER to not lose money?
What if someone has a small account, say 1000 dollars. What good will do buying 300 dollars in groceries..
And water can be stored, boiled, and reboiled, why buying and stockpiling ?...
I don't think futures pull SPY or vice-versa. it won't make sense to me.
I think it's both in the same time.
What happens, SPY and SP500 are not really the same. I have seen occurrences of gross discrepancies. There is nothing I can do there.
But it's the very morning that should be clear for me so I can place the right bet, or at least not too bad...
What I think happens, programs are algoed to do their thing in certain setups. So when it's a discrepance (probably sometimes by design) , a trading mini-war starts.
I would like to avoid that. I want to go along when all the big dogs manipulate in the same direction...
LOL
Morning was my problem. So morning I look. SP500 futures.
The pre is also good as a guidance, i.e. buying/selling pressure and for added resistance or support for the money session.
Somebody might look into AH for who knows what but I didn't see any use there or anything until few hours before opening when preparations for the coming manipulations start.
But the very morning I have to actually watch even if for just a while, especially if i want to risk some hard earned dollars.
The blindsided loss on Monday was brutal, merciless, but totally avoidable, so like always, it's my fault for any problem and not the big dogs'.
Advancements to a million dollar revenue is a long perilous road.
It got very complex (usually it does for me).
It started with futures. That was my blind spot.
Then I moved to our game and saw few more problems.
Nothing cut in stone yet but it worked today.
I traded ATM puts. I'm in cash now. Need to go to work.
Futures are important in certain times of the day and less important in others. Only looking at SPY can get me in trouble.
Had I not go to work I would've made another trade (Buy ATM calls at SPY at 442 as we can see it worked)