@junglefunk_ Smh holding its ema levels.
listening to your video from last week . I heard you say relative weakness confirmed today. Any more insights or videos ?
@junglefunk_ Hey you’re gonna love this , I just learned from you the idea of buying strength and momentum rather than consolidations and breakouts which can also breakdown! It’s an incredible idea!
Back burners
@fwogitect@astronomer_zero I think that’s also possible, if Astro is right 90% if the time, that the 10% of the time is some dangerous cliff like this . And we need to protect our trades like he does and take the losses with dignity. Trading is about winning most of the time. No one can win all the time
@fwogitect@astronomer_zero Astro is pretty good at nailing tops and bottoms as we range, but it’s possible he misses something on the macro and institutional market makers force the market to go deeper , against what the signs might say.
@fwogitect@astronomer_zero I think what he means in that case is: if it’s a wick on the weekly or monthly and closes above 60k that’s “close enough” . And that means the close is above 60k in institutional ledgers . That’s the idea anyways.
@junglefunk_ That’s my lesson of the week. I “knew” it before but now I know it through experience in my body. Feeling good and trusting the process, but my oh my take the more immediate profits from the relative strength and rotate them into weakness later when the tide turns!
@junglefunk_ Thanks for sharing homie , identifying changing market conditions is absolute priority, as strategies don’t transfer across the divide . And markets are meant to keep psychological momentum and do just that ! Happened to me too, you know, thanks for keeping us all on the up n up