DislikedYou are right, TAH, the market has spent the last 11 years driving the price down 10,800 pips, driving hard and opposite the real major move - just keep on adding to your longs, hand over fist, TAH.Ignored
I agree with you both. The trend won't go on forever. We do need confirmation from the chart that it has changed. If SNB, debt decision, or whatever macroeconomics are going to change the trend - it'll show up on the chart and most likely in the form a pretty lenghty battle between the bulls and bears - like the double top that took a year or so to play out in 2000 - 2001.
Looks to me like we could have caught the trend at 3 different point using sonic r. With conservative initial s/l placement and the patience of Job to ride out the drawdown (waves that we know are forming), one could have caught an 8000 pip move in May of 2002 using the system taught in the thread.
Hopefully waves drawn correctly.