AUD/USD

I am short, my charts say to short, I do what they say. I pulled from another site that shows that Oscillators and Moving Averages say we are selling, I follow. My trend lines on my MT4 say to short, I follow. I do not trade what I think, I trade what indicators say we are in. Good Luck, and no I cannot post here the free site, will send to you in a message the site of the dials if you message me. Remember, follow what you want, I learned a long time ago what I think or hope will happen is typically wrong, now I just follow. You may be smarter than me, good for you. I lost plenty before I learned I was not as smart as I thought. I now have my own system that makes me happy. Good luck!

MT4 Daily I am short

MT4 4H I am Short

Helping you see dips on daily.

4H chart with dips highlighted, once again, I only trade with trend and where I am shown to trade. Its not rocket science, don't make it so hard.

I'm new to forex, I just would like to understand more about the dips and how they show you which side the trend is going.

hope so , take care . 0.6826 still possible before below 0.6768.

Hello Esona, you have it backwards, once you use an indicator/s that help you identify the trend, then you look for the dips/recharge zones to enter in the trend direction. If you are new, you may want to utilize a site called babypips to learn a lot of the basics if you don't already know them. No insult intended, it is the word new in your response and just want to help. There are many methods people use in Forex, no method is correct 100% of the time. You will see people use complex, advanced, and simple methods. Personally i like to use the daily chart trend and play the 4h chart on it. I could do the same method on lower timeframes, however these work best for my schedule and sanity. Wish you luck.

It could, but I am prepared for that.

Price respected daily trendline.........took profits at the trendline........just noticed the tweezer top at the trendline...now heading south........this is what im seeing now........

hardwork and diligence should make you better hommie

the chart looks bearish to me, lets see if there are any surprises....

AUDUSD shows a triangle formation, a breakout to upside could be possible.

If you look for example every day at tradingview website, then you will see after some time how people read the markets. Beside of using this technics you should try to look also a little bit to different timeframes, if you can find signals which show in the same direction, maybe also sometimes correlated currencys, that way you can find sometimes a good mix of signals for one direction, but they are all just signal ideas, so you must be careful with your money management, dont risk to much on one signal.

Buy AUD/USD | News Trade | Nov 26, 2019

The bounce happened again from FIB61.8 of daily.

Sudden bullish move on H1 has been caused by what RBA governor Lowe said. My interpretation: the governor doesn't see need of quantitative easing because economy doesn't seem too bad, which is a positive signal of AUD.

Here is a basic way to see this, remember do not load your page with a lot of indicators, it will confuse you. For Trend: Set up 3 moving average lines. 1st will be set at 50 Exponential, 2nd 100 Exponential, and 3rd will be 240 Linear Weighted. Make each line a different color. Now you have your trend direction appearing with your candles. For the dips, easiest way is to use MACD indicator and set it at 12,26,1 not 12,26,9. In a downtrend, when the MACD reaches above 0.00 you are in the dip/recharge zone. Opposite for uptrend. Use the 1D, 4H, and 30M charts to study. if you are in a downtrend on 4H, play the downtrend dips on the 30M or 1H for faster action typically 1 entry/exit per day. If you just stay on the 4H it is typically 1 entry/exit per week. Stay away from pairs that do over 100 pips per day until you are more experienced. This method is also good for quickly identifying market when in a range. Use different method for trading a range. This method is great for when market is trending up or trending down. Only play the trend in the direction it is going, do not trade against the trend. Lastly, load an ADR indicator so you can see what the pair averages per day and how many PIPs the pair traveled the day you are trading. Simple method. Last to practice and if on MT4, once you are on your chart, go back a ways on the history, then hold fn(Function Key) and hit F12, every time you push the F12 key you advance 1 candlestick. Prevents you from cheating while you practice.

Range Example: 1D chart shows 3 MA's is in down trend, 4H chart shows uptrend, then you are in a range. Simply because the 4H shows you the 1D chart is heading to it's Dip/Recharge Zone. Same can be done comparing other time charts with this method.

Coming into dip zone on 1H

@OhComeOn, thank you very much I'll definitely make use of the information that was given to me.
Appreciated.

And here we go, 1H recharge zone done.