FOREX - Trends, forecasts and implications - page 249
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So there is duplicity in one person.
I don't know if it's a stop or a 300p order or 2 orders with 150p stops (I understand the channel but what about the channel? (I understand it is outside the channel but i do not know how outside the channel it is)
OK, Shaman, see you Saturday, this forum is driving me crazy))))
the stop is a reversal, unequivocally.
it might not! There are uncertainties in the process - which do not need to be tehanalyzed. For example, there is an impulse to support at 300pp. during the move there will be a pullback of 70 points from where and when it is unknown the moment is chosen spontaneously by the pool of traders. - the stop is naturally further away. (it is more on H1 on H4)
so
on a falling trend, support doesn't matter, and vice versa.
Careful, you just hold there and the risk is minimal.
Stop is a reversal, for sure. I can't find any other options.
so
on a downtrend, supports don't matter, and vice versa.
I didn't get it right away! It's not a reversal! It's a continuation of the move - a reversal we're trading
I already wrote a trend today, what if the pullback on the D1 is 500 pips ?
the reversal on the months and we are trading against the lure of the market