Lower target reached and now looking for a long
What is great about The PanOptic Method is that the analysis helps us to hypothesize about the market direction and the possible scenarios but only what actually happens on he chart drives our decisions to buy and sell.
That's what makes our success rate so high and our RR so great
I will personally start adding lots i.f.f the RSI shows a long divergence
On the other hand, I think that it is very likely that a new trend channel will form....so lets wait for the time to tell
Keep it up
To tell you the truth, we are now at a very critical point in this pair's journey (daily TF). It would be really difficult to say that this pair is going up or down for sure but I am bias to the upside just because the more relevant ichi elements are pointing up at this moment. That could change at any moment.
On the other hand, the nice thing about trend following is that you do not have to follow your hypothesis about market direction but you have to rather follow the market. That is what did in my H1 trade plan.
So from a hy[hypothetical point of view I'm bullish, but I'm trading with the market as a bear.
Great question, thank you for raising it
It is always useful to have counter opinions. This is what makes the market work. I will answer your points one by one:
You said: sure, it can as well be that it will bounce, that's no problem. But as long as it'S in the cloud and it basically went so deep without any bounce tells me that we might see a continuation of a long-term down trend.
My answer: Your thinking about he cloud might be different than mine. I have multiple ways of using the cloud. In this case, i am considering it strong support and adding it as a point for going bullish. It seems that you are thinking of it as an area of equilibrium or at least ineffective support. I also pointed to your opinion in my analysis as it is important but not important enough without actually getting a close beyond the kumo supported by a change in the market structure to the downside.
As for the long term, well the long term is undoubtedly bullish and we are at important support from that perspective as can be seen on the monthly chart
you said: Therefore I do not see any sign that this is a buy, yet. I would try at 0.72, just to probe it.
My answer: As for seeing a buy, I stated previously that I am trading as a bear currently, so i think we agree on your point and as for trying at 0.72 I would like to know why you chose that specific level is it just because it is a psychological level or does it have other significance for you?
You said: Also, this is not a short right now, in my opinion.
My answer: I respect your opinion but I see it as a short term sell that might stick
Thank you for taking the time to share your opinion. Please keep coming back and sharing. I look forward to your future comments
I might have misunderstood your point and thus wasted my time trying to elaborate on my ideas for your benefit. I thought you were trying to understand my perspective but it seems that you are rather trying to force your opinion. Why would you do that when we are all trying to do our best to understand and trade the market.
The market is about making money not about who's right and who's wrong. So just go ahead and trade our beliefs. You do not need my approval.
Please do come back with an attitude of synergy not opposition.
Thank you again
However, if you can be so angry only because one chart I post differes from your point of view, never mind, I wont waste my time posting here or reading your stuff. OK?! Now, please chill...
And, please don not elaborate for my profit, I do not need that. Thanks.
I will give this conversation one more chance
1. I do not care if you agree or disagree with me. That is not important for me nor you.
2. Tilted trendlines are not a subject of consensus. There are a million ways to look at them and a million ways to understand and trade them.
3. I am not angry. I am just trying to answer your question. I put a lot of effort into that. We are traders. You do not have to listen to me you can do whatever you want. but if you ask me I should be decent enough to answer you. i did. You are arguing with my opinion. what can I do?
4. Again, I do not get angry with people who differ from my opinion. I like that. Look at my charts, you'll see me thanking people who did that all the time because I know that we are both trying our best.
I do get angry when someone wants to force their opinion on me. I can only be forced by the market.
So please don't stop posting. You can post all you want. But just as u expect me to respect your views please reciprocate
Again I thank you and hope that you are not offended
It is not my intention to offend you
I wish you the best
When i trade I only look at the one I trade
In my opinion, we are at a point where no one knows where we will go. What is nice though, is that we will go to that place for a very very long time.
As you can see, i am now a bear but willing to switch whenever the market says so
This is my opinion.and am sorry, an not able to post chart, am on mobile.