FLD 3 Years (768)
in cyclic mode you can use a FLD to calculate a target
in a trending mode you use your FLD as a Trend Following tool,
support when trend is up and resistance when trend is down.
Only that is the proof that many guys do not often trade
conversely when you see cyclic mode - some "cycles" at work you can determine the correct FLD at work for calculating target price and see if it works for the next potential cycle - it was my reasoning for the chart I posted above - a chart following a post of Sigma L by David F
in cyclic mode you can use a FLD to calculate a target
in a trending mode you use your FLD as a Trend Following tool,
support when trend is up and resistance when trend is down.
Only that is the proof that many guys do not often trade
conversely when you see cyclic mode - some "cycles" at work you can determine the correct FLD at work for calculating target price and see if it works for the next potential cycle - it was my reasoning for the chart I posted above - a chart following a post of Sigma L by David F
1