Hello everyone
(an update for my last idea of SPX)
I do not agree that SPX rally has been over and and this correction is the start of a reversal trend although I accept every surprise in this market.
One of tricky ways that most of traders chose is to walk in the middle line and talk about both bullish and bearish scenarios in the same time.
It really works for an analyst but far from a trader thought and strategy (who really gets the real positions).
To be honest, you can not trader if just stand in this middle line and I am sure you have to chose your side (Bull or Bear) and also estimate all countertrends and minimize your lost (Minor SL) and enter the position finally.
For this reason I always chose my side even if it is incorrect and just try to lower my damage as little as I can and leave my position (never interfere in your positions before SL touches) until time shows me all.
Thanks
(an update for my last idea of SPX)
I do not agree that SPX rally has been over and and this correction is the start of a reversal trend although I accept every surprise in this market.
One of tricky ways that most of traders chose is to walk in the middle line and talk about both bullish and bearish scenarios in the same time.
It really works for an analyst but far from a trader thought and strategy (who really gets the real positions).
To be honest, you can not trader if just stand in this middle line and I am sure you have to chose your side (Bull or Bear) and also estimate all countertrends and minimize your lost (Minor SL) and enter the position finally.
For this reason I always chose my side even if it is incorrect and just try to lower my damage as little as I can and leave my position (never interfere in your positions before SL touches) until time shows me all.
Thanks
Comment:
What I expect is wave C Primary to complete wave II cycle (But if it is wave II ;))
AMA