Timing is key to making trades in the markets. You might know that overall sentiment is low, but once you have the fundamentals, you need to back this up with technical analysis to make sure you catch an asset the end of its pullback as opposed to the start of one. This avoids you starting your trade in the red for a prolonged period of time before it begins to turn in your favour or in many cases, pulling out of the trade too early due to fear that the market will continue to go against you.
Hi, great article, thank you for detailed explanation. However could you explain where did you get denominator from in WRPS calculation? I don't fully understand why it is divided by '19'.
Hi, great article, thank you for detailed explanation. However could you explain where did you get denominator from in WRPS calculation? I don't fully understand why it is divided by '19'.