TRADING FOREX - trend change confirmation
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May 16 2007 saw the top of this temporary retracement (6 days after this chart)
Hope you got out okay friend...
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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
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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
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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