Now, we have a trend. We also want to add the time element. We want that time to be greater from the time of the market goes from the high to the low, again, in an up cycle. . Now, if the high comes into the right of that midpoint, then its called rate translation. So, theres our full cycle. This means that when the trading day in the.S.
A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. So, I modify. Spot, market and the Forwards and Futures Markets. Now, if the market made its high over to the left of the midpoint, lets say it went there and then it spent all this time coming down, thats called left translation. Is it at this blue line? So lets take a look at what were talking about here. If you are living in the.S. Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. Thats not as strong of a signal for it to continue going up because, again, talking about practical trading and addressed theory here, thats what were dealing with. Once you do that, Ill personally send you an email with the first video. Share good things with good people.