for those of you not long. 2030 may be a good buying point to 2140
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Disliked{quote} Don't get me wrong, I also intend to sell some at 1.2140 area to buy back lower, though I will probably stay long overall. Got a bit more cautious after bears bit me last time. Not sure how you come up with 1.2168.Ignored
DislikedH1 Personal Gann Update.. I adjusted target level for my H1 Gann lines and seems like bulls could reach 1.2066 soon if 1.2020 supports.. Notice how nice 1.1955 area supported as anticipated.. Those who tried to go long there like me are probably in good hands.. Happy trading day and happy new week to all Cheers {image}Ignored
DislikedDaily S/R Levels for Tuesday to Friday Everything is up to how well 1.1915 resists.. That's all (In other words: bears have the upper hand while below it) {image}Ignored
Disliked{quote} Check it with HTF Weekly and monthly. This is the zone 1.2157 - 1.2194. But 1.2168 - 1.2177 is the real deal.Ignored
Disliked{quote} ...you should follow your previous thought, it's going to 1.215x at least {quote} {image}Ignored
DislikedGuys if stocks stay up MTD (currently +12% in the SPX) there will be a massive USD rebalancing (selling) at the end of the month, meaning this month could see a monster rallye like no other. Plus Treasuries are up as well so far, adding to the rebalancing pressure.Ignored
DislikedMeanwhile on H1... (I wish I traded every buy but yeah I went short several times inside gray zone.. all well though!) *and people ask why I am not sharing rinse and repeat.. pfftt.. haven't I? lol {image}Ignored
Disliked{quote} Don't you think it's coming back to that grey area? To me ATA has given another bonusIgnored
Disliked{quote} It can.. but first I am anticipating a higher gray area.. Coming soon.. because bulls have not fully tried to reach 1.2066 yet.. Eventually they will try one more time at least .. Therefore price shouldn't drop too deep.. Just my personal thinking..Ignored
Disliked+-40min breakout of the low of an over 3 days range is often negligible. Even more so when it is against an up trend that has lasted over two weeks and that has not yet lost any momentum in relation to its long duration.
In my experience, under such ranging conditions, an opportunity to buy at around the bottom of it, even if broken (a ranging market moves up and down lightly, widens and tightens, must not we forget), has more potential profitability than of selling around the bottom it. BUT it could just as well retest the 40s or drop some more....Ignored