I never trade trend-reversals but rather I use them to avoid re-entering again until it resumes its down move as per my Moving Average system. That temporary reversal kept me out of the market for one swing, but I rode the next one down as you can see in the following videos I've uploaded here in YouTube. A reversal doesn't mean a change in the trend - but it does mean weakness in the current trend, at least temporary, and that's why I remained sidelined for few days on USDCAD.
funny, one day if you last long enough you will learn that it's not wise to predict - no-one can do it and you are no exception. Trends do not turn on a sixpence, im remaining short cad across the board
you r wrong man, don't say no one can't predict the trend, your system may not predict the next move in one situation , it doesn't mean everyone's system can't. Of course have a noise in trading, but even someone can trade noise very profitable...i mean at any times, at any situation, someone's method can predict market's next move, trading trend, correction, news..whatever
May 16 2007 saw the top of this temporary retracement (6 days after this chart)
Hope you got out okay friend...
napper2009 2 years ago
I never trade trend-reversals but rather I use them to avoid re-entering again until it resumes its down move as per my Moving Average system. That temporary reversal kept me out of the market for one swing, but I rode the next one down as you can see in the following videos I've uploaded here in YouTube. A reversal doesn't mean a change in the trend - but it does mean weakness in the current trend, at least temporary, and that's why I remained sidelined for few days on USDCAD.
Yaguex 4 years ago
funny, one day if you last long enough you will learn that it's not wise to predict - no-one can do it and you are no exception. Trends do not turn on a sixpence, im remaining short cad across the board
soultimepromotions 4 years ago
you r wrong man, don't say no one can't predict the trend, your system may not predict the next move in one situation , it doesn't mean everyone's system can't. Of course have a noise in trading, but even someone can trade noise very profitable...i mean at any times, at any situation, someone's method can predict market's next move, trading trend, correction, news..whatever
onlydragon 3 years ago