Some talk about corrections as if they were an inevitable natural phenomenon, but... what happens when the price is being manipulated by institutions? Is the theory of regression still valid?
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Some talk about corrections as if they were an inevitable natural phenomenon, but... what happens when the price is being manipulated by institutions? Is the theory of regression still valid?
I use Alerts in TradingView for key areas of recoil. It takes me away from anxiety and prevents me from looking at the chart every 5 minutes.
I tried to operate a correction in USD/JPY and got caught 80 pips down. Conclusion: never go against a rocket... no matter how Fibo you have on the screen.
When I am in a strong trend, I expect an opposite candle in H1 that respects Fibo level. If it does not appear, I do not enter. So filter many false signals.
Using backsliders without context is like trying to drive by just watching the GPS without looking through the windshield. Yes, the level may be well drawn, but if the market is in crazy mode, it is useless.
I've been looking at Bitcoin's behavior and there the corrections are wild, sometimes it goes up 2,000 dollars, corrects 500... and then it goes up 3,000 more.
I'd like to find some indicator to warn me when a correction is running out. Are there any such miracles or am I just cheating?
The best thing I've done was to combine setbacks with market sentiment (fear/codicia indices, etc.).
I try to see corrections as �uncounting� zones in a trend, so I change the chip and stop seeing them as obstacles.
I still can't accurately predict any corrections, but at least now I understand why they happen, and that already gives me an advantage over 80% of those who operate without knowing what they're doing.
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