DislikedLadies and gentlemen.....take your seats and cast your votes as we plaaaayyyy....break or bounce!!!!
Looking forward to see this reaction....alas news is in the way...cursed newsIgnored
Edit: +30 locked in.
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DislikedQuick question for you guys. Is it safe to say that when the stoch is inclined by 45°, this is not a high probability trade? I'm particulary looking at the Cable pair. At first, I though it had enough power to pierce the Daily Pivot, but it seem I took the signal too early (Next candle after the arrow).
Malouin
P-S I'm on demo account, still learning.Ignored
DislikedPivots are something you need to be wary of....some may disagree with me but taking on trade where you've little wiggle room between your entry and the pivot is risky. Leave enough room so you can snatch profit for your trouble and also react to a bounce. Its better to miss a break than get busted by a bounce!Ignored
DislikedPresumably on cable....the usual....wait for reaction etc etc etc...
Edit:
Seriously looking at euro now...but ATR suggests we're done for the day? Or is this a bad train of thought?Ignored
DislikedIs it safe to say that when the stoch is inclined by 45°, this is not a high probability trade?Ignored
DislikedDon't worry, mine are still moving nicely. This is the ATR indie I prefer, you can't change any of the inputs except the colour (which you'll need to do if you have a black chart) If you hover over the lines, you will see when the day starts that above the price is high 2 then above that high1 then below price you have low 2 and low 1 in that order. When price reaches one of the lines for instance, on EJ now, price has reached and gone through Low 2 and Low 1, it then brings the High lines down to show where (if it now turns around) price is...Ignored
DislikedOhammond,
thank you for this clear explanation.
Unfortunately I feel unconfortable with something if I dont understand how it works ...... could you suggest me where to find more info about this indi?
Thanks a lot
ciao
wizIgnored
DislikedPresumably on cable....the usual....wait for reaction etc etc etc...
Edit:
Seriously looking at euro now...but ATR suggests we're done for the day? Or is this a bad train of thought?Ignored
DislikedAll I know is it works out the atr, no idea over how many days, you could perhaps do a search in google for it, its probably out there somewhere, more of an explanation but I haven't needed it, I put something on the chart and if I think it works thats all I need to knowIgnored