Interestingly, at least to me, is that the bull flag is essentially coming at the completion of the well known"cup and handle" formation.
I am curious about an item involved in your trading decisions. You had mentioned high PE's the other day, but I noticed that you do quite a few RT's through the day. Howe do the PE's play into your intraday analysis?
Everything. Anyone who wants an advantage, has been using various computer programs for over 50 years now. You live in the world of Digital Overlords. The Viceroys create the architecture for just about everything. Everything in your life that uses a computer, has gone way beyond optimizing into the realm of code*, that codes the framework, for the optimization, whether it be for money, attention or just probing your reaction. That is why professional have always done better. They use the latest tools in an ongoing warfare for dominance (alpha). Just look at Crypto. It went from coins, to arbitrage, to "Borrowing-Lending to feed the arbitrage, in a very short time, driven by using tools (algos). Meanwhile retailers are just Digital Serfs, loaning their coins for a few percentage points then getting wacked with 100% loss. If you are still using 1990 tools, you are at a disadvantage. The only thing that can make you competitive are modern tools or a few decades of actual experience, or both. * Soon it will all be Meta-coding in the 5th or 6th degree where you are coding the rules to guide the code how to learn to code. After that it will be coding Meta to the "Alphe-nought" degree".
That's why you need to use an algo. Algo is completely agnostic. As long as it's profitable, how it trades shouldn't matter to you (largely because you're not in control anyway).
That is the AI. My friend is working parallel algos and he is focusing on Meta ML coding. The next level after that is where it will get super interesting.
No doubt about the fun part. But it will completely disrupt the market as well. I'm sure manual trading will become extinct as AI becomes saturated. Most of us here will need to fold shop and look for another job like the CME pit traders. Sad to say.