DislikedSimply buying weakness and selling strength, or to short the opposite sell high - buy low to cover. Yes your perspective is timeframe relative. If long, a move/leg/wave carries the momentum of all participants joining in carrying price higher as there's incentive to buy.. once price reaches a point the attractiveness of entering the move diminishes, due to change in terrain (something fundamentally) or just the obvious risk from price gaping changing level has increased and time to take profit..... this works in both directions, in a trend one...Ignored
yes I am in line with your thinking,, auxesis
I started up the boat at retracement from the strong movement,,
and prices start to move in line with the strong movement
i'm jump in
sometimes at m15,, sometimes at m30,,sometimes at h1
be it in shallow retracement or half deep retracement ,,
but I do not feel comfortable when the retracement is too deep or too fast
hmm,,
is there something missing from my trading method
I expect additional feedback from other friends
thank you very much
cheers