DislikedI think now we are on the same Wave or ? :-) Waiting for more Lows to open new ones GBP/Cad 2 trades opened allready {image} {image}Ignored
In those terms E/G for instance is down now, since it broke the last low, and its still below. If we go above that, its a buying situation again, that kind of thing.
Right now im not so interested in ranges and range trading, im looking at what happens as it breaks a former high/low, most important the bank day before. I am measuring how far it goes after and what happens after and so on.
Its very possible there is a "After this its going to go some more" sort of a thing. For instance if E/G moves 15 pip beyond the high/low of the day before, it might be very often it goes another 15 before it stops. The psychological effect would be that people see that its on the move and its away from the high/low very distinctly, so they start piling on.
My signature is: "Classified".