{quote} Yes yes. I day trade too, small intraday moves, but having the bigger picture never hurts, in fact, it gives one peace of mind, and that reflects on the trades P/L statement. I'd say if we turn, it will take 2-3 weeks to get there(3500). So of course ill keep my longs longer and cut my shorts faster; you get the drill
Yes I get it and I agree that it will turn. However I don't yet see any signs of it turning on the daily or weekly timeframes. I do see your trend line but I think I would like this trend line backed up with some other confirmation before I would be comfortable that it is on the turn, such as a bulish daily candle or a change in gradient of some of the moving averages, or some really positive sentiment in favour of the UK. Other words IMO it still may get down to the August low. Having said all that it may be going up short term, who knows
Striving for consistency
