PRS LIVE 4 CONTINUED, BOTTOM SHOULD BE IN
FOR THE PURPOSES OF THIS IDEA, THERE IS NO TRADE RECO. MEANING I WILL NOT STATE ENTRIES/EXITS BLAH BLAH. THIS IS WHAT I AM THINKING FOR THE MOMENT. I MADE IT BECAUSE OF REPEATED QUESTIONS FOR MY VIEW RIGHT NOW, THAT IS ALL.
I JUST WANTED TO CLEAR SOMETHINGS UP FIRST:
1. On PRS LIVE 4 draft# 2 linked here:
I stated MONDAY MORNING U.S. MARKET: STOP LOSS 2037. MINUTES AFTER WHICH I UPDATED: STOP LOSS 2040. I posted this because I wanted to be responsible for people who were following it. The first trade out of that chart was go long Sunday discount. It didn't work, BUT THAT'S WHY I POSTED THE STOP LOSS TWICE, WELL AHEAD OF TUESDAY SHENANIGANS. If you really followed it, YOU SHOULD NOT HAVE LOST MONEY. I didn't update after that because a) I choose to have a life and b) I didn't have a trade on because c) I didn't have opinion on what comes next, just was waiting to see and finally d) I post updates at my own pleasure, this is not a job that I get a check for. If you need constant updates, consider a professional trading service somewhere.
2. For every trade idea I post, I HAVE AS MUCH CONVICTION AS MY STOP LOSS. Otherwise, why would I bother posting stop loss 2037 and then raising it to 2040 Monday morning? I don't have be more responsible than that and explicitly message each follower to "get short". If you need your hand held, again use a professional trading service, they are all over the internet.
That's it for right now.
I JUST WANTED TO CLEAR SOMETHINGS UP FIRST:
1. On PRS LIVE 4 draft# 2 linked here:
I stated MONDAY MORNING U.S. MARKET: STOP LOSS 2037. MINUTES AFTER WHICH I UPDATED: STOP LOSS 2040. I posted this because I wanted to be responsible for people who were following it. The first trade out of that chart was go long Sunday discount. It didn't work, BUT THAT'S WHY I POSTED THE STOP LOSS TWICE, WELL AHEAD OF TUESDAY SHENANIGANS. If you really followed it, YOU SHOULD NOT HAVE LOST MONEY. I didn't update after that because a) I choose to have a life and b) I didn't have a trade on because c) I didn't have opinion on what comes next, just was waiting to see and finally d) I post updates at my own pleasure, this is not a job that I get a check for. If you need constant updates, consider a professional trading service somewhere.
2. For every trade idea I post, I HAVE AS MUCH CONVICTION AS MY STOP LOSS. Otherwise, why would I bother posting stop loss 2037 and then raising it to 2040 Monday morning? I don't have be more responsible than that and explicitly message each follower to "get short". If you need your hand held, again use a professional trading service, they are all over the internet.
That's it for right now.
Note
BY THE WAY: if it tags that red circle it will follow the gray line. If bottom is in it will follow the black line.Note
THIS IS WHAT USUALLY COMES AFTER THAT MOVE: SO AFTER TONIGHT, WE HEAD TO 2160-ISH IN A VERY ZIG ZAG MANNER (NOT LIKE THE PREVIOUS RUN UP). AFTER THAT RETEST OF 1820 VERY LIKELY NOW. THAT SHOULD BE THE LAST LOW UNTIL JAN/FEB RUN TO 2400+
Note
AGAIN: CLARIFYING THE SUNDAY DISCOUNT TRADE, YOU SHOULD NOT HAVE LOST MONEY. YOU SHOULD'VE MADE A LITTLE BIT, I STATED THE FIRST TIME, [SL 2037 TO MAKE SURE YOU GET SOMETHING OUT OF THAT MOVE.]Note
"The plan is working, but I would raise your SL to 2037 just to make sure you get something out of this first move." - FOLLOWED BY - "Comment: 9:40 AM Raise SL to 2040. If this is going to work, it has to be moving higher." Why is this so difficult to understand for some people??
Note
IMPORTANT: Last update for this piece so read if you are long. Once it tags 1990-2000, just be really careful w/ the next retrace. I have confidence this will hold, but I did before 2040 broke the second time too. So baby sit your trades in the zig-zag channel. THE PATH WAS NOT RANDOMLY DRAWN.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.