Follow-up to "Up, UP & Away in my beaut balloon. targets reached

On March 25th 2021 I posted an Idea that we would go up, towards R3 in the pivots, & weekly VWAP.

We are at R3 after a very bullish long trade. I expect us to go a little higher and then roll over, of course.

تعليق:

Here I turned on multi-timeframe VWAP and we surpassed Weekly, and Quarterly as well. The rubber band is getting stretched tighter and tighter...

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yearly VWAP as well. Traders might want to start taking profits at R4, and tightening stops to protect profits.

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We can continue up, and we have surpassed my R4 target, it's just that the VWAP/STDEV/PIVOTS rubber band gets stretched tighter and tighter the higher we go, even within an uptrend there will be pullbacks.

So funny a trader accused me of guessing the other day, those of you who have been watching me for years have seen my predictions come true over and over and over. Am I exaggerating to say they come true 90% of the time?

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That doesn't mean I claim to win 90% of trades.. As i have explained din the past, you only need to win 50% or even less if you practice good money management. For example 1 YM contract with a $200 money stop. If you lose $200 you are done for the day, but you let your winners run ( easier to say than do I know).

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See the red dot, which represents potential reversal areas at 13007