This thread should be more active. I feel like I've found the missing link.
I am usually Wrong
Time action momentum trading 90%+ accuracy 0 replies
Acceptable Accuracy Ratio for Profitable trading 29 replies
Trading with Coinflip Accuracy!! 29 replies
historical data accuracy puzzlement. 1 reply
accuracy problems or stable market 0 replies
DislikedThis thread should be more active. I feel like I've found the missing link.Ignored
DislikedThe USDJPY has a very strange chart...
I don't like it...
I found a new hook on EURUSD
There is a PinBar and also a small RSI divergence...
It's about 120-130pips, but the Stop is only 40pips, so 1:3 R/R
The 1.3820 level was a support for the uptrend some days ago... and now it's acting as a resistance for the downtrend...
http://i42.tinypic.com/1z2zhg6.gifIgnored
Dislikedit probably helps that it also intersects the trendline:
[as i see it...it is (1)a hook, (2)and two trendlines meeting]Ignored
DislikedUSDJPY has hardly moved but I have the luxury of patience on a demo account.
How would you trade these hooks? It looks like the hook are s/r levels.Ignored
DislikedAt first... I am a beginner
So, here are my charts...
Weekly chart, with 50% fibo...
Daily chart...
Hourly chart...Ignored