QQQ - Chart Link- not bad mapping but we shall
see as we have yet to see decisive break of zone - today was
in-line with count and hopefully you avoided chasing that FED pop.
Many get caught up in the initial reaction only to get
trapped. Still have equal highs above that act as magnet so
let's see tomorrow.
The trap on days like today is almost a given, but when was the
last time we went in with a live number (close to 50/50 odds)? If
we went in with the standard known quantity, traders would have
positioned directionally and we would have trapped in the opposite
direction of the crowd, as is usual. I think it's been many years
since we didn't know the day of.
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QQQ 15 Updated
Posted by steve on 18th of Sep 2024 at 04:03 pm
QQQ - Chart Link- not bad mapping but we shall see as we have yet to see decisive break of zone - today was in-line with count and hopefully you avoided chasing that FED pop. Many get caught up in the initial reaction only to get trapped. Still have equal highs above that act as magnet so let's see tomorrow.
Ran equal highs magnet pointed
Posted by steve on 19th of Sep 2024 at 07:56 am
Ran equal highs magnet pointed out yesterday afternoon.
The trap on days like
Posted by bthefnd on 18th of Sep 2024 at 04:07 pm
The trap on days like today is almost a given, but when was the last time we went in with a live number (close to 50/50 odds)? If we went in with the standard known quantity, traders would have positioned directionally and we would have trapped in the opposite direction of the crowd, as is usual. I think it's been many years since we didn't know the day of.