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fibo_trader
Musk nails it real good ............................ MBAs are worthless. Prime example? Mine! Why? My main beef: They didn't even teach Technical Analysis, Sentiment Analysis, Contrarianism.
The most important thing in trading
I was hearing an interview with psychologist Brett Steenbarger and it was an eye opener. Trading is extremely hard and it has to be. ¿Why to make the hard job of create business, hire people and deal with customers if trading was easier? The great difficulty in trading is to find an objective...www.trade2win.com
For Sharky ......................... feedback ..................... your T2W cats will never get it! Never! Too stupid! No exceptions! No drive! No passion! No willingness to put in the work! No exceptions!
Not a single one at T2W will apply Warren Buffet's ultimate formula. They just won't! Why? Because they have the permanent mindset of POOR. They vomit the mantra but never apply it, EVER.
Warren Buffett:
Be fearful when others are greedy and be greedy when others are fearful (Unanimous violation of this at T2W since inception in 2001)
No matter how great the talent or efforts, some things just take time - you can't produce a baby in one month by getting 9 women pregnant
You can't buy what is popular and do well (unanimous violation of this at T2W, no exceptions)
Fibo:
TIMING!
GBPUSD: Time to leave Dodge? Yes, but only if the red trendline shown breaks nicely.
GBPUSD has hit Fibo resistance. So this is another good reason to be ready to TP and clear out of Dodge.
More reasons?
A-B-C rally complete? Looks like it
Wave measurements: Wave 3 = 161.8% x Wave 1 ...................... and Wave 5 = Wave 1 approx.
Pretty standard wave measurements, nothng unusual.
Therefore the key is the TRENDLINE. Break that baby and its over for the LONG and reverse and pounce on the short.
Just my 2 centavos .............. with uncertainty of the Top being in as shown by the 2 question marks on Wave 5
View attachment 292395
Another clue is that the daily trendline passes right under the 200-pd ema on 4H. So those together are a strong determinant of TREND still intact or not.
Trendline intact = top will be taken out for one more high.
That's my 3rd centavo
Bitcoin: Take profit Tuesday, December 8th, 2020, close out ALL Longs. Celebrate.
Dominica: considering it but quarantine is a pain. Its nickname is UNKNOWN. That alone says I'm going there. Only obstacle is Corona
For Sharky, ruler of T2W ................. be ready to SHORT the livin daylights on American Express
when you start the Short make sure you fuel it with Trader333's dislike for Americans. That type of high octane fuel will keep you short all the way down to $16.43, the bottom of the clear unmistakable channel
Oil gun and keep ammo ready. Keep eye on 1H timeframe and be prepared to make a couple or few errant trades with tight stops while you try to get on the horse and ride the downtrand that is trying to get underway after the March 2020 rally north.
Also remember that what I had recommended a year ago to deadbeats here is that American Express bill is the last one you should pay. Load it to the hlt and call and negotiate for time to pay the balance off in full. I'm talking high limit cards of 500k+ (even if they tell you there are no limits, there are!). Word is out that Amex is going to drop limits on everybody to even lower by 60%, so load up now, then YOU are in the driver seat and THEY will have to blow you as they kneel before you.
Then make the deal - to pay it off. They will have to accept it with no adverse marks on your credit.
This is the GAME! Play to win. Its the game that the big boys designed. Now its our chance to play it and take them to the cleaners.
All Legal, all 100% legal.
Win Sharks, win, win for Fibo
View attachment 292730
I expect you to make a few million on American Express, Sharky. You deserve the win. My blessingsYour dummies here will miss it Sharky, but take note of the ctrack in the Macd trendline. that is a warning of weakness on the giant monthly scale that nobody here has seen in over a trillion years. Monthly timeframe at T2W? hahahahahahaha! But its Fibo's bread and butter. Want a good woman as a wife? Look at her on Monthly timeframe!
Macd rarely lies. it takes time as the monthly timeframe is blunt. So use 1H and 4H and daily in early stages. But the message from monthly is a sign of character that never lies
Slam Dunk! Goddamn, this is going to make Postie madder than Hell!!!
Jesus H Christ!!! Count the # of times I nailed Bitcoin tops/bottoms in the one year I've been at T2W. No wonder the Brits are madder than Hell and can't take it any more. One great thing about T2W is the Evidence is all here, there is no messing with the Evidence like they do in the Election fraud. Sharky would kick their asses to Timbuktu.
Not even Goldman sachs saw this profit-taking top coming. Nobody did. Instead they were saying Bitcoin is going to 100k. Who cares if it goes there? Make the money at top top tick or really close to top tick and then celebrate and if it turns around, who says one can't get back in again?
Such f***in money. Its downright O B S C E N E
I'm satisfied. Way more than satisfied!