I am doing fine with my demo account. Started at €10,000 now it's at €273,000
Again it's just a demo, and most people can trade well with a demo account.
In an upward trend, I like to trade the downward movements, and in a downward trend trade the upward movements. I know some of these reversals can be short trades, I realize this and am prepared to exit quickly with a profit. Eventually the trend starts to slow down and change direction and then I try to enter again for a long reversal trade. It's hard to predict if a big upward or downward trend is ahead, but even when price is trending strongly up or down it will always make inward movements which I like to trade.
I know that some methods do the opposite buy at the price reversals on an uptrend etc.
Isn't price always returning to the mean, or the middle line or middle area. It moves along the outer line, cutting inward, goes from one outer line to the other outer line.. I try to predict where price is going next and a lot of the time I am correct.
Thanks everyone for the replys, hope your all profitable.
Again it's just a demo, and most people can trade well with a demo account.
In an upward trend, I like to trade the downward movements, and in a downward trend trade the upward movements. I know some of these reversals can be short trades, I realize this and am prepared to exit quickly with a profit. Eventually the trend starts to slow down and change direction and then I try to enter again for a long reversal trade. It's hard to predict if a big upward or downward trend is ahead, but even when price is trending strongly up or down it will always make inward movements which I like to trade.
I know that some methods do the opposite buy at the price reversals on an uptrend etc.
Isn't price always returning to the mean, or the middle line or middle area. It moves along the outer line, cutting inward, goes from one outer line to the other outer line.. I try to predict where price is going next and a lot of the time I am correct.
Thanks everyone for the replys, hope your all profitable.