Hi All: I'm trying to practice the issuance of technical reports & TA itself. Your feedback will be highly appreciated. {image}
Ignored
Impressive but lacking a little in - how can I put it? - sophistication and confidence. How do you achieve those traits? Practice, I suppose. English is not your first language and although your English is excellent, if this were to be for an English speaking reader then you would probably want a little editing. I hope these comments are not hurtful. I try to be honest.
Thank you so much smikester for your reply, I really appreciate your feedback : )
My plan was to write three kinds of reports:
1- The Weekly report, that comments on the performance of the pair "Technically", based on its MN, W1 & Daily charts.
2- The Daily Technical Report, that would comment on the performance of the pair based on its Daily charts & lower time frames as needed.
3- Flash Notes, that would includes suggested trading ideas.
On the other hand, I believe that technical analysis is no more than the road to help you achieve your trading goals, but the vehicle that you will ride is your discipline & your money management rules, & which I'm not experienced enough to discuss in my reports.
Yes, Eng. is not my first Lang., but this is really a very valuable notice, I might a good idea to ask some of my native friends, to review my reports before publishing them : )
In general, I really appreciate your cooperation : )
On the EUR / JPY daily chart, despite the ADX line itself is trending up, there is a divergence between the +DMI & the price action (2 magenta lines). My 2 questions are:
1- Can this be considered as a "divergence" with its literal meaning in TA?!
2- Would it be technically OK if we said that: "The up trend of the ADX line suggests the continuation of he current up move, while the "divergence" between the +DMI & the price action suggests a short term correction, or suggests decline in the positive breadth in the market"?!!
Please feel free to correct my language & sentences to if necessary.
I have 2 question please: On the EUR / JPY daily chart, despite the ADX line itself is trending up, there is a divergence between the +DMI & the price action (2 magenta lines). My 2 questions are: 1- Can this be considered as a "divergence" with its literal meaning in TA?! 2- Would it be technically OK if we said that: "The up trend of the ADX line suggests the continuation of he current up move, while the "divergence" between the +DMI & the price action suggests a short term correction, or suggests decline in the positive breadth in the market"?!!...
Ignored
I have no experience with the ADX indicator so I am unable to comment.
