Structural FX, page-64

Hey Rick,

I agree with your comments about terrible trends and good trends. I too stay out of 'trends' that have such a strong push in one direction or the other, instead I look for a reversal trade in those situations as moves like that do tend to collapse quite frequently.

I like what I refer to as "clean trends" - as you have illustrated in your chart. I don't, however, enter multiple times like you, I normally try to enter on the 2nd leg of Elliot and ride the 3rd leg. I then wait to see if we get range-bound action after the 5th leg.

Also, are we still thinking a third forum for weekend research/set ups?