Out of curiosity, why do you say there was enough of a hint? It simply looked like a breather in that consolidation, and this pin bar I circle I would say is highly bullish. It wasn't until the low of that bar broke and we dropped below 5100 that I would say the direction wasn't up anymore. But as always, by the time the market tells you the new direction, its usually too late to enter short since it can just as easily go back up to 5120 to test the high. As further proof, lets contrast this with the pin bar in blue, shortly after FOMC. We see here price drop to pretty much the lows after FOMC and it reversed back up hard and went on to make new highs. So my point is, both the blue and yellow areas in my opinion suggest bullish action, but only one had follow through. It would be very difficult to know in real time that 5100 wouldn't hold until it broke hard.
Well, I wish you good luck all the same. I'll just leave you with the following chart. Maybe that will better explain why it had to drop.
But he said, "traders got whipsawed". I took that to mean day traders. But if you just sat on your butt the entire time this happened, I ain't sure if you could call yourself a day trader. Just my 2-cents.
lol your always after the fact . As I recall you’re one of the most bearish traders on this board . So being such a junkie in and out you got your ass handed to you probably trying to short the 60 pt move after the initial drop . There were several 10-20 pt 2 min whipsaw quick moves . But of course you hit them all I’m sure . I notice when the mkt is a bearish and we reverse back up for 3-4 straight days you disappear. No doubt you’re trying to short the whole way up . Like I said a yr ago. In 3 plus decades doing this I’ve never seen an adrenaline junky trader like how you trade make money over time . Maybe you’re the first !!!
So where's your proof of profitability? Last time I checked @schizo actually posts trades. Consistently profitable? I dont keep up - but I dont recall you posting shit other than talking about "how long" you've been doing it. Likely you know nothing.
Nah, there's no need. I don't even know the guy. I like to think he's a cool guy though. Plus, this place can use some differences of opinion. There's too much groupie herd mentality as it is.