Disliked{quote} More on Absolutes & GBPUSD: That is a nice, "catchy" phrase, but it belies the sometimes very short term of effectiveness. This is becoming bearish, and retraces aside, this could start to go much, much lower. It is not so good to put absolute faith into such simplistic "rules". The Deceiving & Thieving MMs will make a mockery of them whenever they want to. You believe this statement that strength is in down bars and that it means there is actually buying that is increasing, and this will lead to a price reversal? Do you really believe that is always the case? All the MMs have to do is keep pouring on the selling to keep driving down the price while "rule believing buyers" flock in to give the MMs liquidity for more shorting! Sonicers, if you put your absolute faith into all the nicely coined terms and phrases used by the market, you will absolutely fail! This is not the way of Sonicers. -tah {image}Ignored
Disliked{quote} For me one very important thing to remember is that ALL strength is shown on down bars and ALL weakness is shown on up bars... The 1 hr image you posted is all buying. Either short closing= buying or long opening = buying EDIT: I am not giving trade recommendations. Just because there is buying here does not mean one should enter long. Please use your own analysis and judgment to determine trade direction as Tah states below. {image}Ignored
Do not chase the momentum if you can not find the escape. If it's long way to the door you're in big trouble.
Regards,
Gupito Poernawan
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