@CJ900X No RSI Bull Div on W1 for me.
Anyways, I only look at those formed at the extremes.
So a lot of distance to cover yet, if any bull div is to be formed on W1.
@KobeissiLetter Nice Thread and very quick as well.
This was very informative and in this euphoric market we may use some of this.... Keep it coming!! π
@Tom__Capital Had very similar thoughts since Jan blow off top, and it got confirmed as price revisits 4100.
I am expecting 2011 type PA and will wait for the bottoming process to start in the range of 3300 to 2600... Wide range, but I want to keep all the options open psychologically.
@SJosephBurns I am not successful yet, probably new.
Till now from what I have learned - Risk management and discipline. Know where your invalidation is and respect it.
@CryptoCred The question is what time frame are we looking at for these 3 steps before execution.
Is it
D1 -> 4h -> 1h
or
4h -> 15m -> 5m
or both
and in same fashion for HTFs above D1?
@SJosephBurns Cannot agree more.
But first it will need longer enough time to accept the fact that trading is a long haul
And then the timer for "It will take longer than you expect" starts.
Weekly AO bear divergence on ES, sticky inflation, weak jobs & oil-driven geopolitical risk
Not calling a crash, but the confluence is hard to ignore.
Risk-reward tilts bearish. Watching for weekly confirmation. π
#ES#SP500#trading#BTC
Accept the Noise
The market is messy. Sometimes it will hit your stop and then go your way.
That isn't a sign you need a wider stop.
Itβs a sign that, that specific trade was part of the statistical probability of losing.
Best way to manage a trade is no interference, especially mentally. Once entry, SL and TP are set, thereβs nothing else to do. Step away, do something productive, and accept whatever outcome the market gives. Thatβs the beauty of trading.