Dislikedthe LRC can easily angle a little more down... one never knows.
this is not to argue against a bottom, but to have a caution. i would rather buy at bottom of an ascending channel with a tight stop loss than at the bottom of a downtrending one.
the charts are truly beautiful!Ignored
Thanks for the input! The angle of these charts will take a loooooooooong time to change. I'm viewing EURUSD at the moment and it is 74 days of 4 hour candles. The 3 other pairs i trade are anchored at around the same time so equally as long.
I agree with you about buying the bottom of an ascending channel. I only trade WITH the LR trend. Until price moves up and then reverses... I will be scalping only ...and exclusively with the trend of the channel.
I'd be curious to see what kind of chart you are studying. Care to share?
Jay