I always appreciate your views on the markets, bullish or bearish. A well-reasoned argument is valuable in helping me shape my own views. Differences are opportunities for self-reflection on my own possible biases, a “pressure test” of sorts. I like to look at the weight of
Different indicators in total, since every indicator has a flaw/example of not working. I think taking stock of all of them increases my odds that I’m looking in the right direction, strictly from a swing trade view. The larger the timeframe, the greater the odds that divergences
Play out, the shorter/smaller the timeframe the greater the odds of being wrong due to the variability of market movement on a micro scale. I decrease stress and increase win rate on a swing scale. On a micro scale, higher stress and a lower win rate can still lead to profits.
Right now, I see:
Time cycles- bearish
Put/call-contrarian bearish
Trend-bullish
A/D-mostly bullish but approaching max
Sentiment-contrarian bearish
Insider trades-bearish
Institutional/block trades/DIX-bearish
RSI & bollinger bands- contrarian bearish
Adv/dec volume-bearish
You can follow @MoMoBagholder.
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