( -50 , -80, -20) week41NZDCAD correct market direction wrong timing: Divergence is key!


W1

Clearly, the trend of the market is down. I have picked the right direction.

week41 NZDCAD w1 H4T 061014

h1

However market timing is equally important to complete the whole trade.

In this situation, what happened was that the channel decided to continue to build up, into a larger channel, perhaps for an even bigger downmove.

I may not be able to know that, and even in mid-week, I was thinking of these:

week41 NZDCAD h1 leontey 061014

Delusional 1234 within 1234 within 1234

It may not be the right way to understand 1234 fractals

week41 NZDCAD h1 1234 within 1234  081014

Dangers of stable H4T

week41 NZDCAD H4T 081014

Summary:

Macd divergence is key to me. It is key to market timing.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s