Hello fellow traders,
I've been trading for about 6 months now, and I am starting to experiment with GFT's cycle tool. I read an article that talks about the tool predicting changes in the trend, but it didn't really say how to use it.
Does anyone out there know how to use it correctly? If so, please share your knowledge. I simply placed the recessed part between the arches at a significant low on three different charts, and to my amazement, each time a candle touched the cycle tool again it reversed to go long.
My issue with that though is breakthrough. It has to break through the tool at some point to make new lows.
Can anyone give me on more insight on this thing?
I've been trading for about 6 months now, and I am starting to experiment with GFT's cycle tool. I read an article that talks about the tool predicting changes in the trend, but it didn't really say how to use it.
Does anyone out there know how to use it correctly? If so, please share your knowledge. I simply placed the recessed part between the arches at a significant low on three different charts, and to my amazement, each time a candle touched the cycle tool again it reversed to go long.
My issue with that though is breakthrough. It has to break through the tool at some point to make new lows.
Can anyone give me on more insight on this thing?
