I'd like to start this thread in the hopes of analyzing chart patterns and trend lines , interpretting them and using them to trade succesfully.
I realize that this is a very subjective subject and is open to several forms of interpretation based on each individual traders way of looking at the market.
by no means am i here to teach anyone anything but to compare analysis in the hopes that i myself may learn something. I hope to take away from this some knowledge from the more experienced traders on here if they would be so kind as to dish out the constructive critisism.
Since I will be concentrating on recurring patterns I will not be so concerned about which pairs I trade but more so on the time frames.
I myself will concentrating strictly on the four hour and daily charts.
but please feel free on any input or your own particular trades so long as they are based on sup/res. areas or recurring and interpretation of chart patterns...
shortly I'll post what am look at for the beggining of the upcoming week...so let'er rip....
best of luck
I realize that this is a very subjective subject and is open to several forms of interpretation based on each individual traders way of looking at the market.
by no means am i here to teach anyone anything but to compare analysis in the hopes that i myself may learn something. I hope to take away from this some knowledge from the more experienced traders on here if they would be so kind as to dish out the constructive critisism.
Since I will be concentrating on recurring patterns I will not be so concerned about which pairs I trade but more so on the time frames.
I myself will concentrating strictly on the four hour and daily charts.
but please feel free on any input or your own particular trades so long as they are based on sup/res. areas or recurring and interpretation of chart patterns...
shortly I'll post what am look at for the beggining of the upcoming week...so let'er rip....
best of luck