Tuesday August 2, 2022 ............... The #1 slot for THREAD TITLE SONG - A Trading song for Traders - is actually cast in stone ........ but I will still take more time in a new unit of time to decide if it has stood the test of time. A few more months then ........... Keep me alive, boyz ...... forever Eric on the main riff is a 3rd wave trading style of yours truly, I'm literally dancing in the chair and the profits pour in at the fastest rate known to Man esp. in the 3rd of 3rd wherein all stops are removed and BEAR is driving on all cylinders with NO MERCY. The 2008 crash was handled and administered by BEAR's cub, this 2022 crash is being handled by BEAR hissself, a full grown adult male in his prime I wait pay-shuntly for the 3rd of 3rd. If it never comes, at least I gave it my best shot. BEAR respects this. He knows he can snuff me out in a heartbeat but he won't because I said this to him once and he won't forget it ...... "BEAR, you magnificent bastard, I read your book (from Biblical times and onward in to 1720 and 1840 and 1929)"
QQQ current ongoing trade very close to getting stopped out. Has not happened yet. Loss has already been outlined by deaddog quite well. Will be back to update soon, got to step away for a few.
If stopped out, the Loss will be the full loss as outlined in yesterday's discussion with deaddog no iffs ands or buts as I made no change to the position. A Loss should be in red
The STOP placed at 319.13 is removed now now now. Boom. No stop right now. The ongoing trade discussed with deaddog and the new one from a minute ago are in full play. Sorry deaddog, I told you I was brash
The double-top can save me. Let's see. It is my reason for removing the stop due to did not want to be taken out by a crafty spike. The trade of 313.66 with SL at 319.13 was so close to being a buggered up trade anyway so what's the difference to add a few more gs to the loss!!! My name is gambler, I can take that type of chance. Trendless environment is that state of affairs. So be it. I've got to keep at it for one never knows when all of a sudden the reverse engine of TREND will kick in and the original PRIMARY TREND will reassert itself and take me to Paradise. Don't mistake my joking for no pain. My level of committment on every trade causes a pain - that I can live with it is a given but it is a pain and noticeable and therfore counts as having skin in the game. Otherwise the rewards in strength gain and character under pressure don't amount to doodly. The pain of loss is real and I know my level well. The current ongoing trade is the perfect pain level management level for me.
QQQ 5-min. remember my 23.6% Fibonacci dashed red line. The double top is taking place at it. The previous visit caused Qs to crash, let's see this time. so I have a trendline on the rise and its breaking. Good sign but what I need is the real thing aka TREND - then I'm at my best on horseback, a true guerrila fighter can perform miracles from the back of a horse Anything is worth a shot that just giving into DEATH
If I get saved in this trade (2) credit will be given to the Fibonacci 23.6%. See it on daily QQQ below. Its the very same one showing in the 5-min. frame
Will this 23.6% save my ass? I don't know. All I know is that Fibonacci be's my friend. The Golden Ratio is MY woman