At the same time monthly chart isn't bearish at all, you told Surf shorting SHAK into an uptrend was silly, yet you want to do a similar thing with AAPL. Why not simply buy pullbacks via signals on shorter time frame until the time monthly chart registers at least one bearish bar?
why would you want to try and pick a top or pick a bottom in any market? There is no need to. I just dont understand WHY traders want to do that. If anyone knows the answer please let me know.
Apple is not anymore in bull market because you got now a new high lower from one month ago. I like Apple RSI which could be an orange flag. But I admit Apple is not in a bear market too for the moment. It shows weakness, to be confirmed. 129 may hold or not. Wait and see. CM
Well, maybe because it makes lot of money, maybe because I did it by the past (2012 top in Apple for example, bottom in Alcatel, Peugeot in 2013 etc), I do it now (top in Airbus, Dax, bottom in oil WTI 43 dollars) and will make it for the future? I will quote Vic Sperandeo, 70% annual performance on average during 15 years : "the fastest and most risk free way to make money in the markets is to identify a change of trend in a market as early as possible, take your position (long or short), ride the trend, and close your position before or shortly after the trend reverses again. Any market professional will tell you that it is impossible to buy at the lows and sell at the highs consistently; but with practice, it is very possible to catch 60 to 80% of many intermediate-term and long-term market movements." But of course, you are free to believe I and Vic Sperandeo are liars or mytho. Or work harder and learn. CM
Not controversial at all. Fundamentals don't matter when you're trading over a couple of hours because whatever fundamentals you buy (sell) at the start will be the same fundamentals that you sell (buy) at the end.
Picking tops and bottoms might seem to have great reward but it is alsovery low accuracy, therefore, in the end, it all balances out. Great reward and high accuracy only exists in your dreams.
I think wires are crossed here. I am happy to look for shorts once a trend reversal has been made and structure has broken down. I would then naturally look to sell when price has moved up quickly in an inefficient manner perhaps collecting early shorts buy stops. What I never try to do is to call the actual top. if you can consistently call actual tops and bottoms thats great for you. I have no reason to not believe you, all your posts seem intelligent and grounded. I have been fortunate to meet 3 traders (seperately) who are very profitable and talented so I know what is possible in this business. GL