Rise or fall....a better me!
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DislikedThe down trend line was broken last night! Broketrader are we seeing the first failed move for the year? If it gives a sell signal today, what to do? I am a firm believer of this system though, as this current situation is new to me {image}Ignored
Disliked{quote} as long as we haven't made a new high above 1.0930 we don't know where the low is, so we can't draw any trend. .Ignored
Disliked{quote} Your trend for me is nonexistent, as long as we haven't made a new high above 1.0930 we don't know where the low is, so we can't draw any trend. There is nothing new Bororo, as long as the signal is there, we stay with it, eventually reduce your position if you're not confident but you shouldn't close completely until new signal appears. If I have reduced my position, it's not because of lack of confidence but because I was too heavy and ad already some losses but i will stay in until a bearish signal appears and if it's a failure, then...Ignored
Disliked{quote} Thanks...didn't know I had to wait for a new high to place the trend line! We move!Ignored
DislikedHi Broketrader, Have we already seen the second wave or not? Is it okay as I marked it or should the wave be lower? I would just like to understand these waves in detail because it seems to me the only thing that still eludes me. Thanks {image}Ignored
DislikedBrokeTrader - thanks for publishing this! I've just read the whole thread, and followed along from the beginning of the year. Makes sense to me and I will follow along with some test trades. I really appreciate the commentary and you telling us your thought processes as you develop this indicator and take what you learn (about the indicator and yourself) and apply them to the next trade. More green pips to you! Dan P.S. Too bad you cannot change your user name at this point!!!Ignored
DislikedGrats on another successful push. Pays off to trust the system. I am curious what you guys think of the prevailing trend line here... Something to watch {image}Ignored
DislikedI think short term right now a bounce off your line down, but long term the larger trend looks bullish. I just went short, last trade of the week, hopefully it pays off then hope to go long next weekIgnored
Disliked{quote} If you have read the thread, you know that in the past I have been looking at daily, weekly and monthly charts to spot that kind of longer term trends. Recently I have come to the conclusion that it doesn't make any sense to take care of them, not to just deny them or argue they are wrong/right views, but just because they are simply not in my trading time horizon. I'm trying to become good in trading this system, it's the only thing I have to care about. Now if an up trend reaches the point of a major down trend, as your picture suggest,...Ignored