I have read about the first 20 pages of this thread and will keep reading it but so far I have a couple of questions. Since you are using no indicators how are people here determining the "trend"? For some example, the GBP/USD seems to me to be in a down trend right now as it's making lower highs and lower lows. This could be a big correction or whatever because obviously the overall longterm trend is up. The USD/Yen seems to be in kind of a similar situation.
At a time like this would you be taking bullish or bearish signals for trade entries (or waiting for the long term trend to reestablish itself)? I'm just curious because if everyone is waiting for the looong term trends to reestablish it could be several weeks or even months of no trades. Thanks for any clarification...
At a time like this would you be taking bullish or bearish signals for trade entries (or waiting for the long term trend to reestablish itself)? I'm just curious because if everyone is waiting for the looong term trends to reestablish it could be several weeks or even months of no trades. Thanks for any clarification...