EURCHF inside long term support zone, one more dump, Part 2
Followed the plan almost perfectly, but the big boys have been testing our patience though. Pushed it down a bit longer than i thought they would, but maybe that is even a good thing.
Assuming my theory was correct, to dump it for a stop hunt, past week taking their time to load up longs. Because of that, assuming they might have needed that time because their positions are big, which would then mean, they did NOT just do it for a few pips, meaning maybe, just maybe an even bigger move up could be expected.
Now of course this is all just wishful thinking, but it's a theory/strategy not based on air. Could all just be a coincidence, but so far it has done what i expected, so i don't see a real reason for not continuing to follow this plan. You also need to understand, it's just a trade. If it fails, it's just a loss. Key factor though is, assuming all you ever do is execute trade with this strategy, you need to look at the long term result. When you see after lets say 1 year, that out of 20/40 trades you have made a loss, then either stop trading or find a new strategy. But if it works, they why not continue to do this (alongside other strategies), even if it would be wishful thinking.
Anyway, at the moment, seeing the first real bounce from a low. With candles on the right AND left showing a buy signal. Candles have not closed yet, but lets assume they stay above the previous candles. So now i think it's worth to put in my second 33% and will wait a bit longer for the last part. When things continue to improve, i will increase this 100% size of a small/normal position up to 150/200%.
Conslusion is, risking a little bit on a theory, when confirmations start to increase, then also increasing the position size. So trying to lose a very small amount for a potential nice win.
Previous analysis:
Assuming my theory was correct, to dump it for a stop hunt, past week taking their time to load up longs. Because of that, assuming they might have needed that time because their positions are big, which would then mean, they did NOT just do it for a few pips, meaning maybe, just maybe an even bigger move up could be expected.
Now of course this is all just wishful thinking, but it's a theory/strategy not based on air. Could all just be a coincidence, but so far it has done what i expected, so i don't see a real reason for not continuing to follow this plan. You also need to understand, it's just a trade. If it fails, it's just a loss. Key factor though is, assuming all you ever do is execute trade with this strategy, you need to look at the long term result. When you see after lets say 1 year, that out of 20/40 trades you have made a loss, then either stop trading or find a new strategy. But if it works, they why not continue to do this (alongside other strategies), even if it would be wishful thinking.
Anyway, at the moment, seeing the first real bounce from a low. With candles on the right AND left showing a buy signal. Candles have not closed yet, but lets assume they stay above the previous candles. So now i think it's worth to put in my second 33% and will wait a bit longer for the last part. When things continue to improve, i will increase this 100% size of a small/normal position up to 150/200%.
Conslusion is, risking a little bit on a theory, when confirmations start to increase, then also increasing the position size. So trying to lose a very small amount for a potential nice win.
Previous analysis:
Aviso legal
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