Profit is where readiness meets Opportunity
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Charts, Charts, Charts! 1 reply
Forex Daily Charts Scanning “price action in and between charts” 2 replies
Few analysis methods 6 replies
Quoting TragapipsDislikedI use a tool almost nobody use in MT4 and is called Fibonacci channel. I modified the tool so the extension part draw a second channel.
It has the versatility of equidistant channel tool and is very easy to apply.
http://img247.imageshack.us/img247/2...1239hb9.th.pngIgnored
Quoting bluemeasureDislikedHi FXOpportunist,
Great thread, thanks! Could you describe how you go about drawing your lines to those of us new to this? i.e. to you pick significant highs/lows to draw a first trendline from and then look for parallel correlations or is there more to it? What I'd like to get a sense of is your thought process when you sit down at a new chart and try to determine the current trend (and maybe developing trend?). Secondly, a description of the horizontal lines on a few of the charts (someone mentioned Murray math?) would be appreciated as well. How do you go about drawing these and also are intersections between lines of special importance?
Thanks much,
BlueMeasureIgnored
Quoting FXopportunistDislikedIs there no one else out there that trades from old fashion technical analysis? Is everyone on this forum a system trader?
Come on guys I know you are out there.Ignored