what is confluence? how do you guy making a decision on it? and what if h4 timeframe doesn't close the same GMT on each forex broker? i have noticed PA isn't the same and make me confused. thanks
I want to be rich.
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Dislikedwhat is confluence? how do you guy making a decision on it? and what if h4 timeframe doesn't close the same GMT on each forex broker? i have noticed PA isn't the same and make me confused. thanksIgnored
Dislikedwhat is confluence? how do you guy making a decision on it? and what if h4 timeframe doesn't close the same GMT on each forex broker? i have noticed PA isn't the same and make me confused. thanksIgnored
Disliked{quote} I use H4 a lot in my trading and I too was wondering which is the best H4 candle to use. For the daily, it's easy, for true PA you use New York close. I emailed Nial Fuller and his reply was you use New York close whichever timeframe you trade on. So there you go .Ignored
DislikedConfluence are areas where more than one nothing meet, a collection of nothings is for some reason comforting for traders who don't want to accept that over time its a 50/50 game. Of course once you accept that the only real edge you have is to use R/R then trading becomes a simple repetitive process.Ignored
Disliked{quote} I see you keep repeating this in multiple threads ad nauseam: trading is a 50/50 game. It's not. Confluences are juncture points where multiple things come together; traditionally confluences refer to meeting points where multiple streams come together to form a larger river. In terms of the market, this could be fundamental data, technical indicators, etc. For example, one may say there's a confluence of technical support if a horizontal support line also happened to match a fib and stochs were indicating an oversold market. Supposedly...Ignored