ShawnZ SELL signal 4 hour chart

@Chartmojo shares the ShawnZ Bollinger Band Indicator with us many times a day, ShawnZ didn't invent Bollinger Bands, but they really seem to work... When Price crosses the standard deviation plot lines and then comes back they carry
weight. Notice the 4 hour SELL signal, and last week was a "complex counter trend, corrective wave in Elliot". Wave 2 is a simple ABC and wave 4 is complex, 5 waves, but still an ABC, This is not a 4th wave, but it may well turn out to be the
B wave of a large ABC down.... most of the people in the chat room love to try and predict the future, but the actual fact is nobody can predict with certainty what will happen in any given moment... The measurable, complex 5 waves,
don't always perfectly match Elliot's rules in cases like this, it is 50% possible they turn into a pattern to go up to new all time highs again...

I will be honest with everyone, I am not the greatest trader of all time, not by a long shot, sometimes I make idiotic noob mistakes in execution, but for some reason God gave me a gift of interpreting charts, a visual intelligence,
combined with intuition, which makes my predictions come true way more than most. The proof is when you look back at my 75+ "My Ideas" there is one notable exception when I went long too early in September, but you know what
after enough time that prediction came true and we went up in 3 or 4 days as much as we went down in 2 weeks... Is it bragging or arrogance when we talk about our gifts? I don't think so, especially if we also share our weaknesses....
I don't take credit for often being right, God get's all the credit for making me, just like He made all of you with your gifts and weaknesses.

I am going to leave neutral on this Idea, because as a Trader I am always ready for both cases, up or down, and can flip in an instant if needed... I am looking for a short, but if they decide to rally up to new ATHs again they won't do it without me.

The Trend is your FRIEND.


Good Luck, Kauai Dave

One day I want to open a room, again... I had a room called Kauai Dave's Daytraders, later KD's Trendtraders with over 5000 people in it, 3500 joined the day I opened it on TCNet let me know if you would join.
I would focus on helping people with their trades, and sharing my opinions realtime for 60 minutes or 90 minutes at the CASH Open... You have all seen me trade real time in the room, and being the person I
am I really get off on helping traders who appreciate my help, those who want to argue with me get put on ignore.

Comment:

Mortdiggiddy's RSI Divine Strategy agrees

Comment:

I call this chart Kauai Dave's Rainbow Bridge. Notice how ther are EMA's above us offering resistance, also note how the Fibonacci based EMA's like up with my Fibonacci Extension levels.

All my charts ted to agree right now. But don't forget that I am a Psychological Trader, and base my predictions on what i think Paper is doing. You don't want to be one of the Retail Lemmings, being tricked and used by Paper, think instead, how can I ride the coattails of The Bilderbergs/Paper.

This doesn't mean fighting the market... If we are going UP it is because Paper is allowing Retail to take us UP, if we are going down fast and hard it is because paper is selling contracts heavily that they bought cheaper in block trades we don't see on the ICE exchange.

Comment:

I could see us going UP at the open, typical for a Monday, but be ready for a reversal, probably around 10 AM or 10:30 AM EST. Also for God's sake don't be in too big of a hurry to enter a trade at 9:30 one of my rules is to enter the open FLAT and don't enter a trade for the first 10 minutes, or sometimes I short the open, as they sell for the first 10 minutes more fothn then buy during that timeframe... The timeframes @Mojo as I call him is absolutly right about what happens at given times.. and if you notice my calls and his often agree... that is powerful stuff. We don't talk at all about what we are going to say, in advance, it is all out in the open, but since I am using ShawnZ too, along with watching TICK and Market profile we see the same things at the same time.

Trade active:

This is the only selling we have had so far, stay frosty

Comment:

I'm not sure people understand what I'm saying... We are almost at the Weekly Camilla R4. Look what happen last time we were here on the left, we fell hard and long and fast, but what I'm doing is riding the market up with the Bulls during the day and shorting all these new all time highs. it takes a lot of patience, because sometimes they stay up there all night long, but getting hundreds of points when if falls is worth it.