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- Fiberflippa replied Aug 28, 2013
It's the peak of the left shoulder where you can see the horizontal line i posted, doesn't necessarily mean that it would retrace all the way up there "short term" but its important for that short play not to close above that level ..
- Fiberflippa replied Aug 28, 2013
98.3 would void the pattern, it shouldn't close above ~ 98.12 where it provides a good shorting opportunity under that level ..
- Fiberflippa replied Aug 28, 2013
Head and shoulders formation on the 4 hours chart suggesting further downside .. image
- Fiberflippa replied Feb 12, 2012
Try to research profitable price patterns instead of using tech. indicators, i make my trades slowly based on naked charts & got my results significantly improved after dumping tech. indicators, however i need to say that i do find market / volume ...
- Fiberflippa replied Feb 5, 2012
I do find tick & range bar charts to be very helpful specially in slow times where you can see a better view of price gyrations.
- Fiberflippa replied Feb 1, 2012
Not necessarily, if the pair has already moved close to its average range with no big level to test usually it tends to consolidate & reverse during mid. NY session, the more you do backtesting the more clear its going to be. NFP's is difficult to ...
- Fiberflippa replied Jan 31, 2012
Waiting for a losing position to come back & close it near breakeven point could work few times, however it would then turn to be a dangerous "habit" & in one of those trades you'll get caught in a strong trend, the more the price move against you ...
- Fiberflippa replied Jan 31, 2012
Thats a major step in developing your trading strategy, its very helpful if you divide the daily chart into 3 sessions & notice how the price react in realtion to the prior one, specially New York session, try to focus on shorter time frame i.e. 30 ...
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