Everyone has been messaging me this morning... And I expect that to happen, especially on a day like today.
First, most people are asking me if I changed my expectations related to the counter-trend CRUSH pattern. The answer is NO - I don't usually alter my analysis. If the pattern does not do what I expect, I'm usually just sitting on the sidelines waiting for the pattern to be set up.
Second, understanding Trending vs. Counter-Trending. Remember, I use a 3 to 5-day average trend when I'm trying to identify the direction of trend. I don't like to look too far back because I've seen these patterns react to very short-term trend changes.
I still see the Counter-Trend CRUSH pattern as generally bullish. Today's early morning downward trend is a flash of buyers/longs.
Lastly, when would I try to enter any trades today? This video clearly shows why I would wait for the $555.50+ level to be breached before I try to enter any LONG trades.
I don't try to pick tops or bottoms. I've seen that/done that before, and it usually ends up VERY BAD (lol). If that's what you want to do - go for it.
Me? I'm going to wait for some type of confirmation of the upward price trend and wait out this downward price trend. Once I get solid confirmation of an uptrend, then I may consider jumping into some Longs or Calls.
You don't have to trade like a Banshee every day. All you need to do is find one or two good trades daily (if they show up). Tomorrow is another day full of opportunities.
So, sit back - watch this video, and learn to be patient. Oh, and don't try to stand in front of a freight train - you'll get RUN OVER.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
First, most people are asking me if I changed my expectations related to the counter-trend CRUSH pattern. The answer is NO - I don't usually alter my analysis. If the pattern does not do what I expect, I'm usually just sitting on the sidelines waiting for the pattern to be set up.
Second, understanding Trending vs. Counter-Trending. Remember, I use a 3 to 5-day average trend when I'm trying to identify the direction of trend. I don't like to look too far back because I've seen these patterns react to very short-term trend changes.
I still see the Counter-Trend CRUSH pattern as generally bullish. Today's early morning downward trend is a flash of buyers/longs.
Lastly, when would I try to enter any trades today? This video clearly shows why I would wait for the $555.50+ level to be breached before I try to enter any LONG trades.
I don't try to pick tops or bottoms. I've seen that/done that before, and it usually ends up VERY BAD (lol). If that's what you want to do - go for it.
Me? I'm going to wait for some type of confirmation of the upward price trend and wait out this downward price trend. Once I get solid confirmation of an uptrend, then I may consider jumping into some Longs or Calls.
You don't have to trade like a Banshee every day. All you need to do is find one or two good trades daily (if they show up). Tomorrow is another day full of opportunities.
So, sit back - watch this video, and learn to be patient. Oh, and don't try to stand in front of a freight train - you'll get RUN OVER.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Love My Videos/Research - GET MORE..
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Love My Videos/Research - GET MORE..
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.com Expert Growth Today
Get Some.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.