Too bad... I was keeping my fingers crossed for you. Maybe you'll nail it next time. Entertaining read, nonetheless. Enjoy your beer.
Thanks very much Trading will continue on Monday on the 5-min. frame in a new cycle of action. Enjoy your weekend and best of luck for next week's trading.
7/23/2022 ..... Saturday morning 9:30 AM Plan = quest for trading prowess Drop by drop is the water pot filled. ET = traders loaded to the hilt with trading experience = something I do not have .... yet.
I feel so much better after spotting a major difference between the QQQ & Mummy, Nasdaq Comp. Its so yuge, so monstrous, so easy to miss and of course it could mean nothin to others but it means the world to ME. You see the QQQ fooled me by going into the Bear rally from June 16/2022 low without there being any even closely reasonable contact with the oh so near 38.2% Fibonacci level (monthly grid shown across all timeframes all the way down to 5-min. But shown here in chart is daily timeframe. This fooled me. What the heck is going on? Inexperience as a trader is deficiency. I shouda woulda coulda looked at Mummy (Nasdaq Comp) for verification or repudiation of the notion that Q was blasting north bound with NO technical basis!!!!!!!!!!!!!!!!!!!! Lo & behold. Mummy confirmed for me that the steam from the 38.2% was the generator of the rally and not CNBC or El Arian. I'm a happy camper now. I'm just a novice but I know that my job of turning Lead into Gold is going to rely heavily on the subtle power of differentiation QQQ daily Nasdaq Composite
The Corona Virus market crash of 2020 that ended March 23rd, 2020 was halted by the spectacular Golden Ratio herself, 61.8%. This is discovered if you backtrack after the top is in but here's another way to look for the final stock market top by making an educated guess back then in March 2020 that the level that turned the market around was 61.8%. Then all you had to do was extrapolate that wave level to 100% and you would have the January top for the dow Jones and the November top for the Naz. QQQ halted by 61.8%.
Monthly Nasdaq composite to show that even if you took just the grid up to the Feb 2020 to from the 2009 low you would still get the sister of the golden ratio, namely 38.2%. Lord have mercy on me, Mary delivers goodies to me in spades. Nasdaq composite monthly which can be switched to daily timeframe at will and the same lines would show up so this is just for easy view to keep confusion at zero
Application of 61.8% support level is oh so magnificent and splendid in this Man (Me) loves a woman in real life and she loves him but they have a serious quarrel and it gets bitter and scary. But the Man tries to pacify but to no avail and then all of a sudden without any explanation, and unbeknownst to the Man, the 61.8% level of support is hit. It triggers an avalanche of LOVE from the Woman, so much that it would drown any Man. That Man be Me with this Swedish girl Out of the blue in the depth of her anger and hatred and disappointment in Me, came this video in email, then followed by phone calls after I woke up (time difference) that she was at the airport in Stockholm catching a plane to fly to Los Angeles to see me. 61.8% generated the turn around. She had no power to resist me no more and just had to go with her heart The video she sent was this one. Knocked me on ass - in a most pleasant way with power surging thru' the veins for hours The sun burned hands phrase threw me for loop of depth ................
Good Sunday morning 7/24/22 to all Elite traders - may you all have a very profitable week starting right now with your review of your own Plan and then execution of it during the week. I'll do my part by including you in my prayers when I send requests up to Divinity. I mean it, I'm not joking here, this is serious business but with a light heart for the simple reason that those who take the GAME too seriously are destined to lose and lose big The traders here inspire me to do better just by me being in the same space and reading their posts. I'm grateful. Thanks. I can learn a lot here. Non-religious but conceptually powerful .................. and it is a Sunday, a very special day that we have once a week From the video below please substitute the command, "go and sin no more" with "go and lose money no more"