Hi Dove,
great to see you. I am still studying hard and learning. I also do notice that I have this feeling of anticipation. since Tuesday EURJPY is trending up and in my mind I was just thinking "we need to have some retracement or a reversal it cannot take that long" purely looking at the indicators, it kept on saying up. so this is definitely I am still learning and improving on.
a big problem that I do have is seeing the difference between a retracement and a reversal.
to give you an example if we look at the open of the candle below
what can we see?
- uptrend: EMA above ROMAR
- all horsemen in uptrend
- candle opening between white and smooth
the daily is also in a full uptrend so there's no resistance there either.
now one of the rules is in an uptrend to enter at support. an entry here in the moment for me would be to enter at the open of the candle below white.
though, in this we did have a reversal till ROMAR
now the following scenario.
what do we see in the moment at the opening of the red arrow?
- uptrend: EMA above ROMAR
- all horsemen in uptrend
- candle opening between white and smooth
so both scenarios are similar, everything screams for a move up, but in the first scenario we got a reversal and in the second scenario we've had a trend continuation.
it could also be entirely possible that both were good entries for a long. no system can get a 100% guarantee of a win, though I am trying to figure out if there is I am not seeing.
great to see you. I am still studying hard and learning. I also do notice that I have this feeling of anticipation. since Tuesday EURJPY is trending up and in my mind I was just thinking "we need to have some retracement or a reversal it cannot take that long" purely looking at the indicators, it kept on saying up. so this is definitely I am still learning and improving on.
a big problem that I do have is seeing the difference between a retracement and a reversal.
to give you an example if we look at the open of the candle below
Attached Image
what can we see?
- uptrend: EMA above ROMAR
- all horsemen in uptrend
- candle opening between white and smooth
the daily is also in a full uptrend so there's no resistance there either.
now one of the rules is in an uptrend to enter at support. an entry here in the moment for me would be to enter at the open of the candle below white.
though, in this we did have a reversal till ROMAR
Attached Image
now the following scenario.
Attached Image
what do we see in the moment at the opening of the red arrow?
- uptrend: EMA above ROMAR
- all horsemen in uptrend
- candle opening between white and smooth
Attached Image
so both scenarios are similar, everything screams for a move up, but in the first scenario we got a reversal and in the second scenario we've had a trend continuation.
it could also be entirely possible that both were good entries for a long. no system can get a 100% guarantee of a win, though I am trying to figure out if there is I am not seeing.
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