Here is the Zig Zag.
Perhaps using the zig-zag indicator would make it easier to identify the V (or W). This AUDUSD Daily as shown a few posts above is also a W. The zig-zag also makes it easier to see when the original high is broken. Enjoy your sell!
Fortunately the problems with coinexx got resolved.
We're going to miss today's pivot around 1800. That is two days of missed pivots in a row -- extremely rare. I anticipate gold going over 1834 to grab all the former stops and also the currently lined up breakout buy orders, and then retreat deep ...
Depending on what pivot system you may use -- in my pivot system that I have found is good for gold -- Friday's daily pivot was missed which was around 1781.74. About 70% of the time gold will go back to at least touch a missed pivot the next day. ...
Trendline to keep an eye on. Here pictured on the 4 H.
I guess we would have to debate on the definition of big. But Gold "loves" to fill wicks -- big and small. Now many of these wicks were filled and then rejected again, but they were still filled at some point.
Most likely this month we will continue to fill in last month's wick, which Gold loves to do -- fill in wicks.
I'm no expert on this, but there are plenty of volume indicators available for forex trading. So volume stats are coming from somewhere. How it all works I'm not sure.
No problem. It is VWAP = Volume Weighted Average Price Here is a short video explaining it. How it matches with some other moving average I do not know. url
Just a note on the VWAP line. When you keep the 5 minute chart (or any time frame) open for a time the VWAP line will "stop". Just switch to a different time frame and then come right back and the VWAP will "update."
There are many good scalpers here and many that would like to become good scalpers. I do quite a ...
Since the 1.36230 area on the daily has acted as resistance a number of times recently and then as support last Wed and Thurs that was broken on Friday, it seems it would be a good possibility that price will retest this area and be rejected down. ...
For any traders just learning forex, follow this guy as he is a great teacher of how to understand forex trading and become a profitable trader. Here he breaks down GBPUSD currently. url
coinexx.com up to 1:500 (used to be finpro in the old days)
Remember this monthly trend line that has been around since 2007.
A good amount of the time on Fridays, GBPUSD will attack the high (or low) of the day during the last hour of trading.