problem is he's trying to make you dependent on him, you need to find out how he calculates them. Does he disclose how he calculates them in his chatroom or is it just a signal service?
How does the market move ? Â
How does the market move ? Â
The market moves in 3 directions: Â
1.) BULLISH (price makes Higher Highs and Higher Lows) Â
2) BEARISH (price makes Lower Highs and Lower Lows) Â
3) SIDEWAYS (price makes equal Highs and equal Lows) Â
Will update these 3 directions with pictures.... Â
1) BULLISH:
Price makes Higher Highs and Higher Lows:
An impulsive swing is followed by a retracement-move which DO NOT retrace (close) below the start of the last impulsive move
The majority is very confident that Price will go UP.
http://img810.imageshack.us/img810/7933/uptrend.gif Â
2) BEARISH:
Price makes Lower Highs and Lower Lows:
An impulsive swing is followed by a retracement-move which DO NOT retrace (close) above the start of the last impulsive move.
The majority is very confident that Price will go DOWN.
http://img853.imageshack.us/img853/5593/downtrend.gif Â
3) SIDEWAYS:
Price makes Equal Highs and Equal Lows:
Price makes a swing upwards/downwards followed by a swing in the opposite direction which close (or high/low) is near the beginning of the first initial move and then again retraces to the other side of the "channel". -> Will update this with a picture
The majority is unsure of how price will move and therefore trade from one side of the channel to the other side of the channel (little bit self-fulfilling *g*) until there comes clarity (news-event or price moves sharply outside the channel and also closes outside the channel).
http://img842.imageshack.us/img842/3800/sideways.gif
Hi all.
Here is the entire PDF Trading Press's J.M. Hurst Trading & Training Course but without the Audio Recordings. This is my first, so I hope I got it right. Â
http://www.mediafire.com/?tvhvs33ssg7clc0