Im short on Eur/Usd since yesterday.......initial price 1.26621 Now the price is at 1.26255 I am up 36.6 pips Still short see what happens tomorrow, if it is up tomorrow or day after tomorrow big then I think I will change the position to long.
The trend is so obvious really. Anybody who believes there is a trend has been getting whipsawed over and over and over again in the last 2 months.
The banks and big boys play mindgames with you guys. The trend is obvious once you know how to detect it, these simple methods are imho not cutting it. Similarly a Higher High and Higher Low not necessarily mean a reversal of a downtrend, nor do they necessarily mean an uptrend. You'll have to know at the very first pivot if it is the beginning of chop or the beginning of a trend. And yes it can be done. Old Chinese proverb: Those who say it cannot be done ought not to interrupt those who are doing it. all the best trying to figure it out, I am out of ET, am going on a year long world tour and am taking a rest for a while. vital statistics