The Foresight Thread

Was it high enough to trigger yours?

 

yeah. I'm trying your method out based on the pictures with the pointy fingers that suggest entries on breaks of the range
Short first, and now long

did it trigger your long too?

 

If this is a matter of importance to you, I suggest you read this journal beginning with post #77.

 

still unable to understand it !!!!

 

If you have specific questions about the pdf, I'll try to answer them.

 

Pretty much, though I wouldn't have so many lines. If one had shorted the test of 40, and English and French traders would have had ample opportunity to do so, he would be out by now via the SLA, regardless of how much room he was willing to give the trade. Whether or not he would go long after the break of 31 would be up to him.

The elephant in the room, though, is 40. There is always the possibility that we might head toward the upper limit of the weekly trend channel. One can't allow bias to override the "system".

 

If price powers through the 50% level, I'll look to go long on a retracement.
If price rejects the 50% level, I'll look to short off a double top on the 1 minute.
If price just drops, I'll look to go short off a retracement.

 

That's a plan, but I would also pay special attention to 4440. Again.