DislikedIn the case of these 2, recovery will probably not be an option for me. If USIndex breaks the uptrend line, Iīm out for good.
I still donīt believe it for a second though. My weekly study of EU which I am attaching, still shows price under the H&S neckline and RSI never had a divergence at 1.26 and the weekly almost always does before the final low. I still expect EU to not only test 1.26 but break it.Ignored
This will be my last post today, because I know I may be sounding argumentative. It is not my intention. I really want to understand and grasp your trading style.
But this post is most confusing. If you believe in Recovery and you "don't believe for a second" that the USD is going to break down, why exit? I thought the point of Recovery was to stay in a trade that you still believe in. I know this one technical study of the USD chart may be giving an 'exit' signal. But against "all of your studies" that you still believe in it does not seem like a reason in and of itself.
If this is a valid exit, then some explanation needs to be added to the rules so it is clear when to apply Recovery and when to simply close the trade.
Again, my intent is understanding and clarification, not confrontation.
Your Friend,
William
may you find what you seek and trade what you find
1