Naked Trading S&P. Long/Ranging bias.
If I was a market maker I would see the high and low points, and bounce price back and forth until the end of time, taking everyone's money, and inhaling it's sweet aroma until becoming a decaying corpse. I believe the paper would outlast the corpse. Good thing I'm not a market maker.
This is currently a 25 point range, but with extreme bullish sentiment entering, you have to imagine the bulls are going to pile in and push the ceiling up.
For this reason, I look below price at areas where buyers came out to show their support. At these points I would have my orders/alerts placed to capture any moments of bullish uncertainty. By bullish uncertainty, I am referring to times when a bull market turns downward and is sharply pointed back up. In contrast to a healthy pullback, in bullish uncertainty, I am only looking for price to wick down before remembering that it is, in fact, bullish.
It's a nice story, but does it actually happen in nature? I have captured enough of these to confuse myself with the chosen one, but I don't think it's a totally reliable strategy.
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Again. This is why I prefer minute charts. Too many possible outcomes. In a world where simple is better, why not just love the minute charts? That grey box looks like a nice area to play some back-and-forth if you're into that.
This is currently a 25 point range, but with extreme bullish sentiment entering, you have to imagine the bulls are going to pile in and push the ceiling up.
For this reason, I look below price at areas where buyers came out to show their support. At these points I would have my orders/alerts placed to capture any moments of bullish uncertainty. By bullish uncertainty, I am referring to times when a bull market turns downward and is sharply pointed back up. In contrast to a healthy pullback, in bullish uncertainty, I am only looking for price to wick down before remembering that it is, in fact, bullish.
It's a nice story, but does it actually happen in nature? I have captured enough of these to confuse myself with the chosen one, but I don't think it's a totally reliable strategy.
----
Again. This is why I prefer minute charts. Too many possible outcomes. In a world where simple is better, why not just love the minute charts? That grey box looks like a nice area to play some back-and-forth if you're into that.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.