There is very little directionality in the market today, the market not sure which way to go.
So, as this strategy is called "Directional Movement" I'll probably stay out until I see a trend in at least one of the pairs.
There is a strategy somewhere here on FF about correlation with pairs and when you spot a trend with one pair, is an early sign of a trend on another pair.
Again, look out for a developing trend on any pair, even if you miss out on that one, its an early bird indication of a trend yet to come.
IMHO: I think the trend is bearish on majors GU EU EJ but the market is just having a breather before further drops come along.
It's also best to trade on the 1H with the direction of the longer term trend in progress or developing, rather than against it as this then increases your % wins.
So, as this strategy is called "Directional Movement" I'll probably stay out until I see a trend in at least one of the pairs.
There is a strategy somewhere here on FF about correlation with pairs and when you spot a trend with one pair, is an early sign of a trend on another pair.
Again, look out for a developing trend on any pair, even if you miss out on that one, its an early bird indication of a trend yet to come.
IMHO: I think the trend is bearish on majors GU EU EJ but the market is just having a breather before further drops come along.
It's also best to trade on the 1H with the direction of the longer term trend in progress or developing, rather than against it as this then increases your % wins.
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Say Good-bye to Buy-and-Hold