Disliked{quote} Hey Contrax sent you a PM earlier today, don't know if you got it or not. ThanksIgnored
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Disliked{quote} Downtrend retracement is going up, then isn't it going against gravity?Ignored
DislikedLets take the uptrend and downtrend and separate them in using a Semi as an example: You have a Semi traveling down a flat road around 70 miles an hour and then he is coming upon a mountain. As he hit the crest of this mountain he began down shifting and speed is slowing down. As he gets deeper into the incline he is down to about 20 miles and hour. As he gets to the top of the mountain he must adjust his speed for the incline setting up the proper gear and turning on the Jake brake. As he declines the Mountain he has to be sure his speed holds...Ignored
Disliked{quote} Dana Say: "Lets take the uptrend and downtrend and separate them in using a Semi as an example: You have a Semi traveling down a flat road around 70 miles an hour and then he is coming upon a mountain. As he hit the crest of this mountain he began down shifting and speed is slowing down. As he gets deeper into the incline he is down to about 20 miles and hour. As he gets to the top of the mountain he must adjust his speed for the incline setting up the proper gear and turning on the Jake brake. As he declines the Mountain he has to be sure...Ignored
Disliked{quote} basically the up is going at a decreasing speed, and the down can be moving in an accelerating pace if nothing stops it. its just the retracement part i am confused, cos when you link it to gravity(which is going in the "other" direction), i dont really understand. or are you saying just ignore the direction of the retracement and just focus on the direction of the trend?Ignored
Disliked{quote}...... Downtrend retraces are shorter and shallower into the horsemen. ....Ignored
DislikedI sold @ 123.62 with SL 40 and TP 40 Reason: 1) Market is in downtrend 2) H2 market hit WHITEIgnored
DislikedI sold @ 123.62 with SL 40 and TP 40 Reason: 1) Market is in downtrend 2) H2 market hit WHITEIgnored
DislikedI go short at 123.53 SL=40 TP=40 Reason : 1. Market in downtrend 2. H2 market opened in resistance area. also encouraged by this knowledge, i dare myself to pull the trigger {quote} Like Bigijs said, H2 Market Hit White, not reaching Smooth or EMA, it was a shallow retracement, like Dove said!!Ignored
Disliked{quote} {quote} The market is touching the White for the last 4 hours, would you please explain why now only you triggered your trade. the reason for this question that you are able to select proper timing which i could not do. Best regardsIgnored
Disliked{quote} 4 hours ago : I dont pull the trigger because i think in 2 hours there will be another JPY news, so better wait than sorry. 2 hours ago : The JPY news released which is Prelim Machine Tool Orders y/y right now 3.00 EST : We could see that the news is not moving the market anywhere, so could stick to our daily plan, and execute it ThanksIgnored
Disliked{quote} 4 hours ago : I dont pull the trigger because i think in 2 hours there will be another JPY news, so better wait than sorry. 2 hours ago : The JPY news released which is Prelim Machine Tool Orders y/y (no trade in the news release, like Dove said) right now 3.00 EST : We could see that the news is not moving the market anywhere, so we could stick to our daily plan, and execute it Thanks Update at 3.19 EST : Floating Profit 20+ pips, i move the SL to B/EIgnored
Dislikedsir, In 2hr EURJPY chart the candle count down is showing wrong countdown. please help me in setting correct candle countdown. {image}Ignored