MrRenev
Education

My favorite kind of top (and bottom)

TVC:DJI   Dow Jones Industrial Average Index
Screenshots will be better than words:



I only trade tops & bottoms (accumulation & distribution, supply & demand ), and I select good ones.
The "rectangle" type is my favorite.

"Continuation flag" they said. I always go opposite.

Use other filters, the price action pattern is just here to pull the trigger. Use stop losses.
Comment: It's over.

A week of gains destroyed in minutes. Nice rate cuts.


The end is nigh.
Comment: Price is dumping, confidence is collapsing, us exports too, everything.
This could be it.

Had a good entry on an indice but was not able to ... due to EU regulators once again.

How much money they made me miss or lose it's insane.
Citadel profits at record high meanwhile, so good job.
Their idiotic rules made things worse they admitted that. Did they change it thought? Of course not.
Just doing everything in their power to hurt the little guys.
How dare can one in a thousand pleb have a brain and dare stand up to his Rothschild masters.

The goal is to get half a million, then go pro, and then FREEEEEDOM.

Comment: Charles Schwab removed commissions, and now TD Ameritrade is doing it too!
Every one can participate in the stock market and hold Tilray & Tesla.
Millions of dumb delusional millenials can joyfully get their order flow sold to citadel and other mm & hft firms, which at most get 10 million fines which they boldly laugh at.
Cretins happilly running to the slaughterhouse.
The popularisation is happening!
Just like in 1929.

https://www.cnbc.com/2019/10/02/the-end-...

BTW, your choice.
"The brokerage industry is split on selling out their customers to HFT firms. Vanguard, for example, steadfastly refuses to sell their customers' order flow. Interactive Brokers (IBKR), which is the preferred broker for sophisticated retail traders, doesn't sell order flow and allows customers to route orders to any exchange they choose."

Now we know what brokers are going to be the prefered choice for noobs and bagholders.
There is even a site that track the robintrash community, potentially allowing other people to countertrade them.
https://www.robintrack.net/symbol/TSLA

I think this is a "good" development. It's like there is the low quality made in china store for poor people with very cheap goods that break after 2 days, and the solid reliable goods store.

Depends on your goals.
If your goal is to be delusional and think you will make money but deep down you know you suck and will lose it all, if you always found yourself "following the group" when you were at school, laughing when others laugh not knowing why, trying your hardest to fit in, never taking any initiative on your own, always staying away from fights, never getting into trouble, brokers targetted towards noobs are for you.
Otherwise go for quality.

All these burnt noobs are going to amplify the great depression so much :D

BTW, worse Q4 start since the great depression. Or was it "worse"?
Idk what they call "Q4 start". The first week of Q4? Well it is not over yet.
rate cut coming in october watch out lol.
Comment: Looks more like a DCB bearish triangle than a bottom.


It's over.
Comment: Going to short the Dax soon.
Scam.

Comment: Can go up can go down honestly.

Comment: Typical.
60% of the time, it works every time.

I expect the stock market to do something like this:

Won't bottom here.
Eventual bottom I expect - hold your breath - 5000 points. Seriously.
Happens every 100 years since 1500 I'll make a post about that.
Join me on Telegram: 💲💲💲 https://t.me/MrRenevGambling

Also join my discord you will find the link in my telegram channel

Comments

Very nice pattern analysis and one I noticed many years ago that has a real base in psychology. Best of all , it really works. I have amazing trades following long up and down daily moves till that 3 or 4 wave final top and bottom that shows good divergence then away you go. Trading does not have to be hard, just wait for the right set ups and keep an open mind. The trick is following all the markets to find the right ones in the right time frames.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out