This is a 1H time frame. The perspective is confined to this time frame only. There are no predictions on this chart.
There is evidence of an important trend switch for the south, visible to everybody. Trend switches do not mean price is gonna fall. It only creates a greater probability of movement in the direction of the switch.
For every probability in one direction, there is a residual probability in the other direction. Lots of traders seem to forget about the residual opposing probability in their risk assessment. This is why I often say that I predict nothing.
If anybody goes short on this in the kill zone area, they have to be able to take heavy losses. I always talk about losses quite openly in many of my posts. It is actually the most important thing in trading, to control. Actually it's the only thing any trader can control.
Incidentally, look at what's happening with Gold - something I warned about.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
Yorum
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Interesting price action
Yorum
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Get read to lose your money! 😂😎 New traders may wish to use Tradingviews demo account.
I love your analysis, I just wish i knew half of whats on your chart lol
Captain_Walker
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@FXKing009, Thanks. I'm afraid it's not time efficient to explain what's on the charts and my methodology with each post.
I'm an open book - totally transparent i.e. I've explained the methodology for everybody to see in many of my videos. Have a look some time. 👍 But note that with trend following losses are more frequent and gains are less frequent but far greater (than other methods). It's not for 'everybody'. Statistics shows that only about 20% of all traders are true trend-followers.
FXKing009
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@Captain_Walker, I'll take a look at a few of your vids my friend, thanks for the resposne
Markphilips_fx
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I don't understand
Captain_Walker
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@importantBook89904, Don't understand. Just follow an amber line and know your stop-loss is affordable.