QQQ daily timeframe bigger picture view of my coterminous-with-Hell thought-ing See QQQ wave from March 29th, 2022 to June 16 low. Then note that 61.8% retracement is at 332.68. Q has already gone past the 50% retracement at 320.48 and is heading toward the 200-day ema at 327 and/or the 61.8% retracement at 332.68. Most likely, unless I chicken out, I will ride the ongoing LOSS to there. Then and only then will I start to bring out my big guns, my Ace in the hole. Capital that can be deployed. But in order to deploy this Capital in the manner I intend to, I am going to have to be bloody damn sure that odds are truly in my favor. Then I'll hammer the top short with gusto and if it is working, hammer it more and fiercely with torrents of dough. That then is the general idea until further notice. QQQ daily timeframe plan of action to defeat my ongoing losses. The 200-day ema, my friend, always has been, never ever turns his back on me and of course my favorite the golden ratio, the ONE LADY who will not forsake me ...............
QQQ update ................ hindsight thought-ing Shouda woulda coulda just waited for the inevitable 200-day ema retest and/or the 61.8% revisit. Why? Because there is a well known wave fact: the 200-day when broken for the first time and even if retested within a day or 3, will later show up again for a final retest as the criminal has to has to has to go back for one last kiss before giving up onthe love of his life and bolting sought for eons thereafter never ever to return in the good graces of the 200-day ever again. Q is doing exactly this But shoulda woulda coulda don't count in real life. Only losses will cement this concept real good. There is no scholarship or tuition aid granted by anybody for Internship Trading. It has to be that way for that seems to be the only way to really learn and get better. Michael always comes thru' in moments like these ................... A friend to us all, Michael Jordan said this .................. (Charles Barkley has confirmed in spades that MJ is the GOAT. I agree. It could have been Magic or Shak or Kareem or Wilt the stilt or the Mailman, but no MJ is THE GOAT) I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. Twenty-six times I’ve been trusted to take the game-winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.
Ya got to remember that even when MJ failed someone else gave him a pay check. Whether he made the game winning shot or not didn't affect the amount of money he made. Who is going to pay you when you fail????
QQQ daily chart update with a nuance ............. the A-B-C projection Wave from where nobody would expect it to originate, i.e. the origin would not be the low
In my case, an elucidation: when I fail there are no Govt. food stamps, no rent moratoriums, no Social Security, no Meals on Wheels free food, ............ no free medical aid for my wounds ............. So the Universe steps in of its own accord to deliver on merit ....................... thusly The Physical Universe has no defense against the persistent Man, the Man whose mission is in the blood, in the bone marrow and gets up and back on the horse and into the fray again regardless the depth of punches to the stomach. Sooner than later Our Majestic Physical Universe, exasperated but intrigued, just says %$%$-it ...... and opens the floodgates. That's just the way it is. Always has been always will be ...... no exceptions
MY one and only requirement to win is TO STAY ALIVE AS A BURGEONING NEW TRADER which therefore buys me more time to make a go of it. With TIME on my side I can LIVE to fight another day.
QQQ ... a new slant . visit the 1H timeframe to expand the waves and make them look bigger then start counting from June 16th low ..... 1,2,3,4,5,6,7 .... i.e. 7 waves up thus far. If it stays at 7 until reversal I will mint $. Why so? Because "7" is the signature of BEAR RALLY. "9" is signature of new bull market. Thus far there are 7 with the 7th ongoing now.