Pain incoming tomorrow.

Enjoy your day off.

I think we have mid 4200s inbound with a possible flirt down to the 4100s.

The market badly wants 4000 SPX I am afraid. Whether it is Russia, inflation, whatever the big money wants these high valuations shaken out of the market.

FJ43 said:

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Interesting if you have the time to watch. Scalping strategy with automated trades.

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Pretty good video but couple questions.

You and $30K talk about confirmation before you enter where he talks about front running. Thoughts?

Easy to see how he sets the target entries but no explanation on how he determines the exits (target or stop)?

FJ43 said:

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Interesting if you have the time to watch. Scalping strategy with automated trades.

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great stuff! I watched quite a bit of it, will rewatch it later. I was curious what I did on the 14th so went back and looked. I had a dumb moment that morning, but got the day green with a nice scalp in the lunch hour on a bear flag breaking down and VIX curling upward.

FJ43 said:

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Do you execute trades through TradingView ?

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I haven't and haven't traded BTC, but I do like to watch it for market sentiment and MARA. some mara swings might be fun here next week if we get a good flush.

funny I was just about to ask you: Do you like the Trading Warz guy? for what he is teaching and preaching $50 a month seems quite reasonable and would help me practice these scalps with him. (especially in this crazy market, a lot of money about to be made!)

SF2004 said:

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FJ43 said:

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Interesting if you have the time to watch. Scalping strategy with automated trades.

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Pretty good video but couple questions.

You and $30K talk about confirmation before you enter where he talks about front running. Thoughts?

Easy to see how he sets the target entries but no explanation on how he determines the exits (target or stop)?

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Most moves break the trend, back test, then go. Front running is okay as long as you accept the risk of more stops. In this case you're front running by minutes. I try to catch most of the move vs all the move.

SF2004 said:

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FJ43 said:

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Interesting if you have the time to watch. Scalping strategy with automated trades.

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Pretty good video but couple questions.

You and $30K talk about confirmation before you enter where he talks about front running. Thoughts?

Easy to see how he sets the target entries but no explanation on how he determines the exits (target or stop)?

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I front run based on SR levels but only when I can actively manage. If using his system not sure I would unless I could manage it.

Targets for me are SR levels. Entry, exit and stops. I think he's using a combination of SR levels and Fib levels. One or the other are his targets.

BREwmaster said:

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FJ43 said:

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Do you execute trades through TradingView ?

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I haven't and haven't traded BTC, but I do like to watch it for market sentiment and MARA. some mara swings might be fun here next week if we get a good flush.

funny I was just about to ask you: Do you like the Trading Warz guy? for what he is teaching and preaching $50 a month seems quite reasonable and would help me practice these scalps with him. (especially in this crazy market, a lot of money about to be made!)

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He's just one of the few I follow. IMO he's a good scalper but it's not rocket science. He uses simple indicators and doesnt over complicate it….which I don't either.

I follow more so to see others techniques. He's one of the few that has a SPY focus which is my lane.

For me and the value of time in my personal schedules these types of subs just short list setups. I would still validate levels on my own. Whether him, VS, Shapiro, etc they can provide value.

I think his targets and stops are based off of the average true range and custom fib levels from the previous candle range. If you pay a subscription he will post target/stop levels.

I have been having some success here lately playing reversals on the 0.5 and 0.618 levels but it can be difficult sometimes to identify his "morning leg" and "afternoon leg" and in that case, I just wont make any trades. But when you can correctly identify a leg and see one of his patterns (inside bar, outside bar, holy grail, nirvana) sitting on the 0.5 or 0618 you can get some nice R/R.

So with Truth Social being launched, is it a good time to get into DWAC or wait and see approach?

Could it be argued all the excess has already been driven out of the market?

Lol. What a list. If you own theses why. pic.twitter.com/SXWVzONkY9

— sam (@smartertrader) February 21, 2022

PUTIN TOLD SCHOLZ AND MACRON HE WILL SIGN A DECREE ON EASTERN UKRAINE REGIONS SHORTLY, WESTERN LEADERS WERE DISMAYED - RIA CITES KREMLIN

— *Walter Bloomberg (@DeItaone) February 21, 2022

Let's see what all this does to markets.

EU'S BORRELL: EU READY TO STRONGLY REACT IF PUTIN DOES RECOGNISE INDEPENDECE OF REGIONS

— *Walter Bloomberg (@DeItaone) February 21, 2022

Unlike other furu I am not changing my mind every day ..

In January I was bear at 4800 my target was 4200

I became bull at 4200 all the way to 4600

I became bear 🐻 again at 4600 my target was 4200

Now I am very soon going to become bull 🐮 again .. now 4289$qqq $spy

— emini tic (@TicTocTick) February 21, 2022

what is that a list of?

BRENT CRUDE OIL FUTURES RISE MORE THAN $2 TO $95.93 A BARREL

— *Walter Bloomberg (@DeItaone) February 21, 2022

agdaddy04 said:

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what is that a list of?

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I'm guessing a list of loss % off of ATHs.

that was my guess as well, just wasn't sure. forgot about the big spike I missed out on with CLOV.

FJ43 said:

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agdaddy04 said:

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what is that a list of?

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I'm guessing a list of loss % off of ATHs.

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Which is irrelevant.

Should be tracking retracement of ATL from ATH in log scale on most of those names.

mazag08 said:

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FJ43 said:

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agdaddy04 said:

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what is that a list of?

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I'm guessing a list of loss % off of ATHs.

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Which is irrelevant.


Should be tracking retracement of ATL from ATH in log scale on most of those names.

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Whatever or however you measure the point is significant retracement if you're still holding or an astronaut.

Probably is from high to current price but I didn't check charts.

FJ43 said:

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mazag08 said:

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FJ43 said:

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agdaddy04 said:

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what is that a list of?

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I'm guessing a list of loss % off of ATHs.

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Which is irrelevant.


Should be tracking retracement of ATL from ATH in log scale on most of those names.

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Whatever or however you measure the point is significant retracement if you're still holding or an astronaut.

Probably is from high to current price but I didn't check charts.

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It's absolutely relevant. Knowing where current price of a correction is in relation to the starting point of the previous impulse is probably the key determination of what exactly is happening. Only when it drops below the starting point of the previous impulse do you throw hands in the air and realize that current downward trend is merely another extension in a longer term downward trend. But as long as you hold key points above previous impulse starting point, hope is alive for trajectory of next upward move.

mazag08 said:

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FJ43 said:

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mazag08 said:

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FJ43 said:

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agdaddy04 said:

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what is that a list of?

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I'm guessing a list of loss % off of ATHs.

---

Which is irrelevant.


Should be tracking retracement of ATL from ATH in log scale on most of those names.

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Whatever or however you measure the point is significant retracement if you're still holding or an astronaut.

Probably is from high to current price but I didn't check charts.

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It's absolutely relevant. Knowing where current price of a correction is in relation to the starting point of the previous impulse is probably the key determination of what exactly is happening. Only when it drops below the starting point of the previous impulse do you throw hands in the air and realize that current downward trend is merely another extension in a longer term downward trend. But as long as you hold key points above previous impulse starting point, hope is alive for trajectory of next upward move.

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I'm just a redneck. I just pay attention to SR levels (price), volume and EMAs as a trader. The rest makes my head hurt.

DOW is gone. Blood in the streets tomorrow. I'm guessing 6-8% down tomorrow. Maybe 20-30% this week.

Bloomberg News published an article this morning citing a JPMorgan analyst who said "don't panic".

That's all there is to say.

What TF is an impulse?

It's probably time for Hillary to utilize her talents on Vladimir. You know....if you're good at something, you might as well use it for good.

$30,000 Millionaire said:

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What TF is an impulse?

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Competed H&S. Massive formation over 6-8 months. Russian market crash, deflation/dollar contraction in Japan, recession in Germany. New contagion and housing fallout in China.

For crying out loud, gold is going up! Keep your powder dry or short the market.

I'm nervous.

Consider that when I felt like this in September/Oct 3, there was a rally.

Also, Mancini posted last year that the last time there were 11 new ATH's in August, it was 1987.

August 2021 had 12. The only other time there were 12, it was 1929. Market dropped 25% in that week.

I thought the big crash was set For October, but I guess there was just enough fuel to push out a little farther.