The most important indication of extreme momentum is when market breaking support/resistance using gap down and gap up and don't bother to fill it.
First it broke down important support of 10800 with a big gap down and don't bother to fill it.
Then, posted there, I saw the extreme bearish momentum when market goes below and closed below Golden Fibo level of total up move from 9950 without any bounce.
Then next day the important support like 10560(mentioned here) which was tested 4 th time cleared by a big gap down.
This is indicating the unusual bear grip, I was repeatedly saying it here, since last few days, this time it's different.. it's unusual bear grip. Make money as much as possible.
In bear market volatility increases rapidly which helps the option buyers not like bull market where volatility is decreases with bigger up moves. Also bear market fall are very sharper, that can make your option double triple withing same day. Such opportunity don't come frequently.
Use it with your full capacity whenever u see break of a important level enter with full force with stop outside the level. The fun of bear market is market don't bother to test that support level, but market is busy to break the next level... That's the bear market which make price action traders life easy...
You just need the courage of George Soros to use maximum position size, stop is always there, for positional there is options. Bear market is giving us the opportunities to keep some positional PE, by making making our intraday option PE double and triple so that you can keep some without any risk (like me) to catch the gap downs..
I like the bears....
Volatility is the friend of bears and the option premium of PE( not the CE). Something mathematical like option pricing also favors bears to gain big momentum.
It's gives more risk-reward trades easily than a bull market.
There was a famous quote from my favorite movie Rambo, 4.
John Rambo: Any of you boys want to shoot, now's the time. There isn't one of us that doesn't want to be someplace else. But this is what we do, who we are. Live for nothing, or die for something.
[There is stop in place and with proper money management, we don't need to die. Just enjoy your profit, use your maximum strength and have the courage like George Soros]
Happy Trading..
First it broke down important support of 10800 with a big gap down and don't bother to fill it.
Then, posted there, I saw the extreme bearish momentum when market goes below and closed below Golden Fibo level of total up move from 9950 without any bounce.
Then next day the important support like 10560(mentioned here) which was tested 4 th time cleared by a big gap down.
This is indicating the unusual bear grip, I was repeatedly saying it here, since last few days, this time it's different.. it's unusual bear grip. Make money as much as possible.
In bear market volatility increases rapidly which helps the option buyers not like bull market where volatility is decreases with bigger up moves. Also bear market fall are very sharper, that can make your option double triple withing same day. Such opportunity don't come frequently.
Use it with your full capacity whenever u see break of a important level enter with full force with stop outside the level. The fun of bear market is market don't bother to test that support level, but market is busy to break the next level... That's the bear market which make price action traders life easy...
You just need the courage of George Soros to use maximum position size, stop is always there, for positional there is options. Bear market is giving us the opportunities to keep some positional PE, by making making our intraday option PE double and triple so that you can keep some without any risk (like me) to catch the gap downs..
I like the bears.... Volatility is the friend of bears and the option premium of PE( not the CE). Something mathematical like option pricing also favors bears to gain big momentum.
It's gives more risk-reward trades easily than a bull market.
There was a famous quote from my favorite movie Rambo, 4.
John Rambo: Any of you boys want to shoot, now's the time. There isn't one of us that doesn't want to be someplace else. But this is what we do, who we are. Live for nothing, or die for something.
[There is stop in place and with proper money management, we don't need to die. Just enjoy your profit, use your maximum strength and have the courage like George Soros]
Happy Trading..
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