"Euphoria"????? Hahahaha. The share price closes at 3.33 and you think im euphoric about that?? I am a very long way from euphoric I can assure you. If this ever closes >$20 then I may feel a very mild sense of euphoria, but I wouldnt bet on it. More of a sense of "relief" and "good riddance" I imagine.
Yes, I said I aim for >90% accuracy with my trades and mentioned several times before that I do not day trade stocks, and dont touch anything under a billion $ market cap, and/or under $5. Im firing out a prediction here for the hell of it based on my interpretation of the information I see in front of me on the daily charts with my knowledge of whats going on in the weekly and monthly charts.
Aiming for >90% accuracy with ones trades is not the same as ones level of confidence going into each individual trade. As you are well aware there is NO trading method out there that offers 100% accuracy guaranteed. The method I use, trading on the coattails of the smart money using volume and price spread analysis, is the closest thing out there that I am aware of, but it "only" offers about a 90% probability of being correct. I just read the charts by eye alone (without the aid of any software), and I am sure that there are computer programs out there with fancy algorithms that offer >95% but I imagine they are for the exclusive use of private funds. Whatever, there's more to life than trading markets so im more than happy to have found a method that can offer me >90% if I apply it correctly. I've only been at this a couple of years so im still learning but im content with where I am today.
Thanks for posting the charts and your interpretation. I disagree strongly with what you say about the 60 minute price action....
You have marked a block of 4 volume bars red and remarked "no buyers". Eh, what?? The 1st bar with the slightly higher than average volume - agreed. The 2nd bar marked down with the almost triple average volume - agreed. The 3rd bar marked down to 3.16 and then recovered to close at 3.21 on even higher volume than the bar before it - you are telling me there were no buyers? Im not having that. Why did it close over half way up the price bar if there were "no buyers"? Bar 4. This closes higher again! If that massive volume spike on bar 3 contained "no buyers" as you claim, then how is it possible for bar 4 to close higher? And what about bar 5? Closed higher again. Sorry but I aint buying your interpretation. Defies logic.
Lets see what todays action brings. You are suggesting that we may go back down under $3 again "BB just might get his chance to buy more". I say we have a better chance of testing that 3.65 resistance before this goes under $3 again. We'll see.
I consider you to be more of an "expert" at this game so lets see who's right. I dont have any issues with being wrong. Being wrong and accepting it is what got me this far. How many years did you say you've been pro trading? And you have a book out, yes?
