GETTING READY: Looking back to 2020
Updated
In this video I look back to early 2020, to see how the 40% collapse in the DJI happened.
Am I preparing for a collapse or correction? Yes I am. Preparing does not mean I am predicting.
What is see looking back is, that a 2 hour ATR trend south had developed. It is the best fit. I had tried 1H trend but that did not fit well enough, where price would stay below he ATR line.
This index has been pumped up on implicit guarantees coming from the FED. We saw a similar scenario in the mortgage markets around 2008.
Readiness is everything. When you're in a trend down, you won't really know for sure because you can't see the whole trend, like we see now looking back to 2020.
This time around, I'm getting ready. The last major correction occurred in Feb 2020. So I am on high alert all now. I'm watching every 2hour switch.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Am I preparing for a collapse or correction? Yes I am. Preparing does not mean I am predicting.
What is see looking back is, that a 2 hour ATR trend south had developed. It is the best fit. I had tried 1H trend but that did not fit well enough, where price would stay below he ATR line.
This index has been pumped up on implicit guarantees coming from the FED. We saw a similar scenario in the mortgage markets around 2008.
Readiness is everything. When you're in a trend down, you won't really know for sure because you can't see the whole trend, like we see now looking back to 2020.
This time around, I'm getting ready. The last major correction occurred in Feb 2020. So I am on high alert all now. I'm watching every 2hour switch.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Note
Now you see it - too late for some.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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