ANATOMY OF FAIL
this is the indicator - web crawler - which gathers information about retail traders positions/expectations in realtime.
One of many places I gather intel is tradingview forex chat room.
Just DO THE OPOSITE to the trend in retail traders opinions.
(shorting that bottom??? EPIC!)
109.39 is the number to short today on AAPL, yesterday with think true volume buyers didnt make it higher than average expected price (violet line) which today should serve as major resistance or eventually support if it would be broken (which I dont expect to happen).
Again, on friday most traders were buying AAPL and lost - which usually happens so I trade against them. Today good point to short AAPL would be 109 but if the price action allows I will try to buy some at 106.28.
On friday there was 49 to 28 volume ration for bulls who are betting with their profit targets on average at 115.65 which is my initial target (might change as situation unfolds). 111.33 is the average Point of Control based on my true volume calculations so this is where I want to get in but my initial trade is going to be long as soon as market opens.
Last week summary for orders posted here (non leveraged %s): 6 trades, 4 wins, 2 break even, +6.5%
By the way: break even trade is when price gets to 0.7% profit after entry and stop is moved to break even point hence break even transactions.