These areas meant when combined with VAP or VbP on stock charts always show little volume.
Anyone in to the challenge to setup an example with forex?
Anyone in to the challenge to setup an example with forex?
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Price target points for currency pairs in the month of January 2012 2 replies
DislikedIf you knew that the euro would reach 1.60, rather it must reach 1.60, you would buy and wait. You would not panic if the position was against you for a while (time aside), because the price must go to 1.60. You would not panic if the position was against you several hundred pips (leverage aside) because the price must go to 1.60.Ignored
Disliked
Another interesting structure is the hammer or pin which begins a counter trend rally. Any observations?Ignored
DislikedHidden Gap,
What data source are using to determine volume based POC for the foreign exchange market? Have you ponied up for a Bloomberg or Reuters terminal? Otherwise isn't the volume data not to be really trusted? I would love to know if there is something out there where I can get fx vol. based figures for relatively inexpensive cost? BTW, hiddengap I like the name they are a very important part of my analysis process.Ignored
DislikedLook at a chart, find a pin bar, and look at what followed.
Any time frame is applicable, although I generally play 1 hour and up.
After a pin bar appears, how often does that wick fill back in all the way to the bottom or top?
Engulfings on a 1 hour chart are often pin bars on a 4 hour chart. So you take the ride up, with an eye on the ride back down. It will often tell you to the pip where a reversal is likely, and a great t/p exit point.Ignored