Doing some research, I've had in the back of my mind what sisse said some weeks ago....that the indicators will start screaming buy, just about the time that bears step in to annihilate the bulls (not those exact words of course). Essentially a fake.....looking at EU thread and FF News...seems we are starting to see those frustrated bears flip to buying.
So, that really doesnt show anything traceable of course...so I dug deeper, and came across some of our iterations last year....retrace or reversal....check the first quote's rules....all that matters is direction, the triggers maybe wrong......but don't matter regardless. The 1st question is whether or not we are in retrace or reversal? Would like some thoughts on this...for me, I'm saying retace until the flip area in the second map is closed...even then, the question is whether or not with sell outlook...we are in a reversal. If so...the outlook should change. However; the outlook should only change based on fundamental factors, not whether or not TA passed the flip zone. The TA part should just be confirmation.....right? Would love some thoughts on this from you guys
Then second quote shows the current map.
and lets not forget what happened to @IMARICH1 getting caught up in the flows, as it looks like I may have as well. Luckily, my trade was at a better entry so it wasn't a loss- however, the same principle applies.
https://www.forexfactory.com/showthr...97#post9213597
All of that leads me to believe, we are exactly where hoom showed when he mentioned risk management to me- accumulation/distribution for the mid term.
https://www.forexfactory.com/showthr...44#post9316844
So, that really doesnt show anything traceable of course...so I dug deeper, and came across some of our iterations last year....retrace or reversal....check the first quote's rules....all that matters is direction, the triggers maybe wrong......but don't matter regardless. The 1st question is whether or not we are in retrace or reversal? Would like some thoughts on this...for me, I'm saying retace until the flip area in the second map is closed...even then, the question is whether or not with sell outlook...we are in a reversal. If so...the outlook should change. However; the outlook should only change based on fundamental factors, not whether or not TA passed the flip zone. The TA part should just be confirmation.....right? Would love some thoughts on this from you guys
Then second quote shows the current map.
Disliked{quote} +++ Anatomy of a Trade (Part II) +++ Iteration 19: "Retrace or Reversal PART II - Frustration, Price & Indicators" ...tbc sisseIgnored
Disliked{quote} Ok a quick point of order just to put everything in perspective. We started nearly a year ago. From the very start of expectations to yesterday when we finally got 'the fact' confirmation on normalisation. This is the mid term chart update. Self-explanatory. Nothing to add except highlight ' WE HAVEN'T CHANGE THE ACTUAL TRADING RANGE MAP AT ALL !!!!"... {image} sisseIgnored
https://www.forexfactory.com/showthr...97#post9213597
All of that leads me to believe, we are exactly where hoom showed when he mentioned risk management to me- accumulation/distribution for the mid term.
https://www.forexfactory.com/showthr...44#post9316844
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