Thanks for the analysis T@rantula!
I have a couple of questions that I hope someone can help me with. Sorry for the newbie questions, just need to verify a few things.
1. What does POC stand for? My guess is Point Of Confluence. At least that is what it looks like from the levels it indicates.
2. Which MACD indicator are you using? I am using the "MACD ColorHist Alert". It looks very similar I just want to make sure I am on the same page.
3. I just found your webinars on Admiral Markets site (nice resource I must say and thanks for doing them for us). I have been watching some of them from the archive. One I watched earlier was about trading multiple pairs. I understand the concept and I believe this could help me with my patience with trading. I normally only trade e/u, g/u, and e/j and even with those 3 pairs I still sometimes have trouble finding a trade and start to feel impatient. So I plan to expand my pairs and see if it helps. But this brings me to my question. How do you have your charts setup? Do you use multiple charts for the same pair or do you just have one chart for each pair and just minimize when not in use? I normally use a 15min, 1hr, and 4hr for each pair, but with only 3 pairs this only takes 3 monitors. Just curious how everyone manages their charts if you are trading a lot of pairs.
I appreciate the help and hope I am not being to troublesome.
-Pip
I have a couple of questions that I hope someone can help me with. Sorry for the newbie questions, just need to verify a few things.
1. What does POC stand for? My guess is Point Of Confluence. At least that is what it looks like from the levels it indicates.
2. Which MACD indicator are you using? I am using the "MACD ColorHist Alert". It looks very similar I just want to make sure I am on the same page.
3. I just found your webinars on Admiral Markets site (nice resource I must say and thanks for doing them for us). I have been watching some of them from the archive. One I watched earlier was about trading multiple pairs. I understand the concept and I believe this could help me with my patience with trading. I normally only trade e/u, g/u, and e/j and even with those 3 pairs I still sometimes have trouble finding a trade and start to feel impatient. So I plan to expand my pairs and see if it helps. But this brings me to my question. How do you have your charts setup? Do you use multiple charts for the same pair or do you just have one chart for each pair and just minimize when not in use? I normally use a 15min, 1hr, and 4hr for each pair, but with only 3 pairs this only takes 3 monitors. Just curious how everyone manages their charts if you are trading a lot of pairs.
I appreciate the help and hope I am not being to troublesome.
-Pip