I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knowing
The successful trader enters and exits the trade with a plan and potential high reward/low risk. Armed with the knowledge of time and price cycles, a trader can multiply the probability of the success of a trade, as compared to just a usual price-responsive trader.
As previously stated in the August 31 and September 01 forecasts, that due to the clustering of the multiple intermediate and short term, time cycles, it ought to create a “Change in Trend” and thus Reversal in the Financial Markets’ Trend preceding these time cycles. (Please see the previous forecasts’ charts)
Although, one has to keep in the mind the larger time cycles. However, rule of squaring of time and price cycles requires that if the larger time cycles have to manifest their strength (of CIT), a balancing of time and price has to have occurred before such manifestation.
Though, the long term trend is bearish and down, Markets sometime tend to confuse the traders and shake out the last of the buyers, before they could decidedly trend lower and break the previous low.
What does that mean: If the markets violate the pattern as indicated in the chart, then the markets shall try to create a lower double top and still fulfill my “forecast of serious decline“, as the said forecast was based upon the April 26th Time Cycle top of year 2010.
http://trade-in-harmony.blogspot.com/
Thank you Mr Syed for continuos guidance
I've been day trading (for the last 4 days) since I picked up clue from your forecast that markets shall tend to confuse the trader I had 1 loss and 3 winning trades day trading. My profits surpassedy losses. Because I just don't trade by putting all of my eggs (all of my capital) in one trade. Plus I follow your trading plan as explained in your 3 posts of "how to use my entry and exit".
Thank you for changing my trading life around for the better.
I meant your 4 posts on the topic of "how to use my entry and exits system"
Thank you sir.
I know im not like some of the readers (and commentor) of your posts e.g., Luc, I just trade lightly by using 10% of my trading capital. Before I used to trade with almost all of my trading capital in one trade. I got humbler (and wiser) since I got introduced to you (indirectly), i.e., your teaching and trading styles.