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Update 15th Jan

  • Writer: Steven
    Steven
  • Jan 15
  • 1 min read

We walk through the structure present on some pairs. Its becoming difficult to say what is likely to occur given the state of structure. In fact I think its not actually possible to determine from structure anything about the future of price. The events we look for are not predictable but rather need to be observed occuring in real time. It is these events that cause price to move with a probability that is increased or decreased relative to the constructive or destructive alignment of structure.


We came across another idea today analysing our gbp/usd situation that I discuss in the short follow up video below. A more concrete form of knowledge contrasted to criticality. This mixing of structure and momentum into an entirely new form feels like such a leap even though upon reflection I do not see any holes in the logic. It must be true and therefore we will be adding this pattern to our toolbox.


Good Trading.



 
 
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CONQUEST STRATEGIES

Blog of an Australian Currency Trader, Steven Conquest. 

 Trading Ideas, discussions, setups and strategies are posted weekly.

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