It'll be interesting to see if this actually pans out. I don't know anything about this method but I'm going to print this out and put it on my desk and compare it to market activity over the next few months. I'm really curious how accurate it may be. Thanks for sharing it. It looks really informative. The troubles we have seen lately with charting, however, is that charting goes right down the toilet when huge emotional trading rules the day, such as what happened over the last two weeks because of people's blind devotion to every word Elon Musk utters. If he farts, his followers panic sell and the market tanks. That shoots charting all to Hell.
Be that as it may, I have changed my strategy from holding long to sniping and scalping and my returns are MUCH better. I can take 3-5% profits each day regardless of the trend (bull or bear) if I am diligent. Some days I just stay out of the market completely because it's just too unpredictable due to emotional factors. They do cause tremendous volatility, which, of course, is a trader's friend, but for me, it requires a lot of time in front of my computer timing my trades very closely. Such is the life of a trader.
In any event, thanks for the great chart! Looking forward to seeing how it works out. Best wishes to all and stay in the green.
christmo
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What material do you recommend to learn this method?
Be that as it may, I have changed my strategy from holding long to sniping and scalping and my returns are MUCH better. I can take 3-5% profits each day regardless of the trend (bull or bear) if I am diligent. Some days I just stay out of the market completely because it's just too unpredictable due to emotional factors. They do cause tremendous volatility, which, of course, is a trader's friend, but for me, it requires a lot of time in front of my computer timing my trades very closely. Such is the life of a trader.
In any event, thanks for the great chart! Looking forward to seeing how it works out. Best wishes to all and stay in the green.