Outcome is not important at all, but correct technique is what only matters
M candles / Custom candles for second charts 1 reply
Calculating only buy candles vs sell candles 2 replies
Platform which enables the rewinding of candles 3 replies
Missing candles? 1 reply
I need more candles! 4 replies
DislikedSo for the NU case, monthly give a higher low, up trend. Not a good idea to short.
Thanks for the analysis.Ignored
Dislikedhow many couples of (HH-HL) or (LH-LL) we can consider for a definite trend?Ignored
DislikedNZDUSD has one problem: In a strong bullish trend the pair put a LH...with a long TL as S, this makes me think to a congestion.
Beeing in a bullish overall trend we have 2 options for buying this pair:
- waiting the P at the TL as S
-waiting the P to close above 0.85 and its confirmation as S for 0.88 as TG.
P.S. 0.82 is a very tricky level !Ignored
DislikedHi fxgroup,
I see your post here, "M-up trend in RM", for yahoo case.
I can understand the RM, but how to determine the M-up? Do you mean uptrend in the month here?
Thanks !Ignored
DislikedHi
The M is up within the RM, the P start from the S and is going to R, looking to W, we can see a bullish continuation pattern (bullish flag)...so.. with the P that is toward to R and a W bullish pattern, we can say that the M is retracing in bullish trend within the RM limits !Ignored
DislikedMichael,
From your point of view fundamental data is more useful than clear technical analysses or reverse or both ?
I do not like too much politics involved in trading and it make me nervous to watch all day long news and correlation between.
I know it is wise to know whats goin on in the world, but tell me if it is just your curiosity or real trading factor ?
I am asking as less expirienced not as an allegation of crouse ;-)
Regards.
D.Ignored
DislikedHello Dariusz,
good question. I use both technical and fundamental analysis. It very much depends on the time frame you are looking at.
If you trade 1h and below ( even 4h ), you will need to check the calendar every day, be aware of all major news etc. You might see that large traders have priced in news already or, even more difficult, use the news for false moves and trap smaller traders, before price reverses back to its trend.
Example : we had a MPC meeting minutes notes in the UK and news came out that 2 members had different views than...Ignored
DislikedNZDUSD has one problem: In a strong bullish trend the pair put a LH...with a long TL as S, this makes me think to a congestion.
Beeing in a bullish overall trend we have 2 options for buying this pair:
- waiting the P at the TL as S
-waiting the P to close above 0.85 and its confirmation as S for 0.88 as TG.
P.S. 0.82 is a very tricky level !Ignored
Dislikeddfumagalli - great chart.
I hope that fxgroup, you and others write about congestion zones too. The old question ( and what drains traders accounts so often ) is : what do we do after strong impulsive moves, when price is in a sideways range.
- triangle congestions
- horizontal ranges with fake breakouts above and below
- bull/bear flags, wedges
etc.Ignored
QuoteDislikedThank you all. Reading this thread was better than reading a book about trading.