Ok here we have a 5 min E/U chart, where do I buy and where do I sell... some might find it easy to do... some might not... (ohh and hindsight... well... it's great isn't it! http://cdn.forexfactory.com/images/s...im/winking.gif)
Ok this window... no fancy indicator... but I have attached high and low of previous one hour to the 5 min chart... now can you tell where you would buy and where you would sell?
1. Would you buy/sell at a break out?
2. Would you wait for traceout once breakout has occurred?
3. Where would you place your SL/TP?
You can continue adding weekly and montly timeframes onto your chart to see where setups could exist... anyway... for now... I am off too bed... and lets see how tomorrow develops... I might be on the site from time to time during UK hours but not be able to respond to all posts, due to work and home... but I will try my best.
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Joined Jul 2007
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Status: Demo Trader
|175 Posts
Hi Guess,
looking forward to seeing what you come up with. Have just realised the importance of the weekly high and low doh!, and literally just found a similar indicator to the one you are using last week.
I am now using 4hr chart with weekly high and lows as support and resistance and two ma's on cable. see attached.
looking forward to seeing what you come up with. Have just realised the importance of the weekly high and low doh!, and literally just found a similar indicator to the one you are using last week.
I am now using 4hr chart with weekly high and lows as support and resistance and two ma's on cable. see attached.
