Quote:
|
Originally Posted by ssotiro
So, the point the "Con Man" is at the close of the "period" is an indication as to where the imediate thrend will be, right (i.e if at bottom, immediate trend is down)?
|
Hi,
If the slope of the conman has just changed from up to down,AND UNTIL IT GOES TO UP AGAIN,you can expect a daily uptrend with 85% probability.Of course during this expected daily uptrend,you can have minor and intermediate corrections,so,you trade your usual methods,but with a positive bias for long entries.
As an example,see my previous pics,now we are in an expected downtrend for GBPUSD,so,the buy signals that I receive from any of my systems,I take with a grain of salt..and I go very strongly for it,when I receive any sell signal.
Regards
Simba