DislikedI pissed off the tah'ers by telling them that averaging down is going to blow them up, and surely enough, it did. It all starts to unravel on them from 9/10 through 9/18 when those morons averaged non-stop into a raging bull trend based on some fictional construct called PVSRA, which tah lifted almost directly from VSA. So, I tried to warn them that their guru was going to get them killed......we know how that went. So the beginning of the end started here for them. http://www.forexfactory.com/showthre...4792&page=2936...Ignored
Got to hate guru's,
Averaging down, with the trend is okay, if you have a plan and a way to define the trend accurately enough and an exit plan ofcourse, without it's suicide!
Never hold a position against the trend!!
I'm a M1 guy who hates BS, so reading candle stick patterns of all kinds and trying to trade off them, many disagree and ignore me, hopefully 1 or 2 will get it and be helped so it's all good. ( same to FIB Lines, and 90% of indicators )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!