Dislikeddude what the hell... you want to take a long position in a bear market... wtf
i consider strong short signals on bear markets and strong long signals on bull markets
bear and bull are defined on 4 time frames, the two higher time frames define direction (RSI<50 or >50), the smaller 3rd time frame defines the trend(apply fibonacci to the last significant trend on this time frame), the smallest 4th chart defines the price action and candle signals (take the position after a strong signal on this time frame taking into consideration that your...Ignored
I define bull bear on any t/f. it works for me. i longed and shorted the eu on that day and made money.
I also held shorts on another account, a couple are down a few pips atm. some are doing just fine shorted GU last night off of R1..no one is talking about taking a long in a bear market...wtf are you talking about?
That chart I posted shows your up candle in succession on higher volume than the previous candles...ULTRA HIGH VOLUME. this means we're going especially when the candle pokes up into resistance like that one was at the time.
defining bull/bear isn't up to me, I don't hold myself to 1,2,3,4 tf's whatever...i look at a minimum of 6 months or so to define the overall "trend"..we can also range on one tf while being in a trend on another no? i try to find "scalping" opportunities in range mode..that is why I longed eu there..
