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I’ve been studying this for twenty days and still haven’t figured out where this market is headed. Whenever I’m faced with a price level and don’t know which way it will go, I feel both guilty and ashamed.
To put it bluntly, I’ve started to look down on myself a little. After honing my skills for over a hundred years: “I am the only child in my family, born amid all kinds of pig-butchering scams on the internet and raised on virtual currency trading platforms. Having been in the market for years, I have ridden the ups and downs of candlestick charts and wavered between bulls and bears. I heard there was a master in the mountains. So I went to learn from him; after returning, I was full of ambition; when I put it into practice, I became lost; when I thought about it, I comforted myself.”
In plain English, I was absolutely nobody. Then I heard there was an immortal in the mountains who was incredibly skilled, so I went to study under him. After finishing my studies, I was full of ambition, but when I used what I had learned to place trades, I found that even after identifying a level through technical analysis, I still couldn’t tell whether it would break. Then I comforted myself by saying that it was only natural not to know whether it would break.
To put it bluntly, I now regret telling you that I don’t know where the market is headed. If I hadn’t told you, I could have just gone with the flow and told you that, after combining all kinds of data and technical indicators, the identified level was 82500: as long as this level doesn’t break, stay bullish; if it breaks, look to the next support level at 80500; if it doesn’t break, stay bullish…
To be honest, I keep harping on this question of whether it breaks or not every day. I’m telling you plainly: what I’m betting on is that you can’t clearly explain exactly how to determine whether a level has broken or not. I ask you directly whether it can break, and instead of going back and forth with me, you say one thing and then another, only for me to look back and find that you never answered the question of whether it broke.
When you first gave 80500 as the level, I could understand that you didn’t know whether it would break. But after support bounced and it was tested for the second time yesterday, you still can’t tell whether it broke. To be honest, that’s going a bit too far.
Everyone has their own reason for going long or short. You’re people who search everywhere for trades aligned with your own direction, then hope others will use technical analysis to back you up so you can feel at ease. It’s that simple; that’s all there is to it.
This time, I haven’t publicly said at all what trades I’m taking or which direction I’m watching. I just want to see whether you can make money in a market where you don’t know which way it will move.