Thank you, Elijah and Todd - I am humbled by your comments and am glad to be a positive, helpful contributor, however modest those contributions are. And to Elijah: we don't always see eye-to-eye, sure, but we treat one another with dignity and have the same goal: learning from and helping others.
ForEXed does make one good point: "What's written here is serving as a source of great wisdom to a lot of people, in very different ways".
There's a wide variance in knowledge and experience in this thread and in this forum. Be that as it may, we all have a great deal to learn: a novice learns how to simply recognize a trend, while for someone more experienced there may be little of an intellectual or technical basis to learn from others, but instead learns humility (the single most important psychological attribute for any trader, and most difficult to attain).
There is always something to learn, even if it is only why you hate what someone else posted - even that reveals something about your own psychological makeup, and can be turned toward some benefit if you choose.
That may sound silly or a little too proverbial, but the point here is to refine ideas about how to effectively trade this pair, correct mistaken assumptions, challenge statements that aren't helpful or are dangerous and foster some growth.
There's always room for disparity of viewpoints and opinions; but pointless negativity should receive zero tolerance.
This is *not* the best thread on here for a noob to stumble into (trading in a single direction without stops is not for the faint of heart, whatever it's merits or flaws); but once they're here - hopefully they've read Elijah's first few posts to understand just what they are getting into - the goal ought to be one of constant work toward applying the raw material Elijah has posted about this method as safely and profitably as possible. This strategy can result in some great success; if and when a downturn comes, we'll see how many made hay while the sun was shining and learned well enough to ride out the inevitable drop.
Which brings up a very good point: the sun is shining! You guys have a good weekend - I'll be over at the Ichimoku thread later on tonight to kick up some dust kumos (clouds), but otherwise will be spending today and tomorrow out-of-doors.
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