DislikedHow is the GBPUSD trade a TC trade?
The over all trend trend has been down since the middle of March.
The short term trend was down as well.
As far as I can tell, the only way this would have been a TC trade is if it would have CT back to the 89 and then continued on down.
Can someone point out how the GBPUSD was a TC and not a CT trade?Ignored
I looked at the 4h rules as explained in the chart and the MACD signal = TC signal. Please just replace the 89 with 21 on the chart explanation. Then the price continue to move upwards towards the 89. That is how I understand Phillip's explanation and the 4h rules.
Willem Forex recipe for success = Patience, discipline & hard work.