After exploring several strategies and analytic tools, I recently noticed that the M1 price line and a bar chart can equally or more accurately predict the market direction for each Forex pair and even stocks and features.
You start by placing a violet horizontal line (Cp) over the current M1 trade price, and brown horizontal line over the M1 trade price line (Tp) if already trading the position. If you are deciding on a new position, you observer how the value of Cp is changing across the periods W1, D1, H8, H4, H1, m15 and m1. Increasing price suggests bullish trend, while decreasing Cp, suggests bearish market.
Quite often, Tp and Cp lines are next to each other in the M1 period. Then click through W1, D1, H8, H4, H1, m15 and m1 to see in which direction the current market price, Cp, is moving relative to Tp. If it is drifting upwards above M1 trade price line (Tp) line, that suggests that the market is bullish. But if it is drifting downwards below the M1 Tp line, then the market is bearish. Trading accordingly is most likely to produce above 90% accurate results.
The FXCM software gives you a green arrow if you are truly trading in the right direction, as in the charts below. Give it a shot and let me know if you agree with me.
You start by placing a violet horizontal line (Cp) over the current M1 trade price, and brown horizontal line over the M1 trade price line (Tp) if already trading the position. If you are deciding on a new position, you observer how the value of Cp is changing across the periods W1, D1, H8, H4, H1, m15 and m1. Increasing price suggests bullish trend, while decreasing Cp, suggests bearish market.
Quite often, Tp and Cp lines are next to each other in the M1 period. Then click through W1, D1, H8, H4, H1, m15 and m1 to see in which direction the current market price, Cp, is moving relative to Tp. If it is drifting upwards above M1 trade price line (Tp) line, that suggests that the market is bullish. But if it is drifting downwards below the M1 Tp line, then the market is bearish. Trading accordingly is most likely to produce above 90% accurate results.
The FXCM software gives you a green arrow if you are truly trading in the right direction, as in the charts below. Give it a shot and let me know if you agree with me.
Attached Images
Mecrandie