You may want to check this wiki page: Gambler's fallacy. url The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the mistaken belief that, if something happens more frequently than normal ...

0 to 10000%: Big RR

220+ traders watching this thread. No one can sleep tonight.

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The technical analysts are speculators. We all know that. Right now everyone follows everybody to sell. But it is still bullish overall. In the end, everyone will need to follow the strong bullish candle. That huge candle cannot be made by ...

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The market is made in a way such that majority of people will get burn while minority survives. Probably better to follow the bullish people. Contrarian point of view.

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Still plenty of short sellers to be swept off.

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Got people trying to short sell the market still.. They can't believe they are losing the ground. Huge volume play right now.

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Bullish all the way. It is confirmed. 75% chance to break the top.

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Long is fine.. but short sellers are still present in the market. They have not been taken out yet.

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Short sellers are still persistent. With long buyers coming in, and short sellers still persistent, it is best not to enter any trade. Almost reaching the end.

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Could it be the end of the musical chair for short-sellers?

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Buyers volume coming in... a little at a time now, because it is at 50% retracement. Long spike noticeable. P.S. I feel like a news reporter.

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When everyone's indicators say short the market, that is when you should buy. Bank: Nope, that is definitely not true. Follow your indicators. TQ. Srry I have a bit of bipolar today. :/

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Trend is extremely bullish. Everyone is going short-selling counter-trend. Just dun be at the end of the musical chair. Bank: You are highly encouraged to short the market. Need seller volume. TQ.

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It will keep shorting all the way to the next support. That is where the smart money will come in. Currently the short sellers are more likely speculators.

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More sellers than buyers now.

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Range bound trading?

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If there is not enough selling pressure, the push to the upside later will be minimal. The bank needs selling volume to push to the upside. Sssh. Bank: Please short. TQ

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Selling pressure has started, and will end at the next support.

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Non-Farm Employment Change 190K (Forecast) 228K (Previous) Seems to be negative on the US side. Anyone has news that support this 190K forecast?

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I agree right now it is still a sell opportunity but in the short term, until NFP. Furthermore it is a huge distance to the next support. Who will not take this sell trade?

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