Hello Mr. Igrok.
Do you find any meaning to this trendline. Is it tradable?
Thank you for your time.
Sebastien
Do you find any meaning to this trendline. Is it tradable?
Thank you for your time.
Sebastien
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DislikedHello Mr. Igrok.
Do you find any meaning to this trendline. Is it tradable?
Thank you for your time.
SebastienIgnored
DislikedThank you for your reply. I often "hear" that 2 touches aren't enough to define a trendline, hence the more touches the better or the more reliabe the trendline should be. However, I also hear that the more a trendline is being touched, the more likely it is to break... I find it hard to reconciliate the two. Any though of yours on that would be great. SebastienIgnored
DislikedMy chart looks quite different and the trendline can't be drawn the way you did it. Seems your datafeed is far from being perfect.
Update:
Besides who told you that that line might have any significance and why should you expect a bounce? There was a clear bearish divergence on 1h chart targeting the low of 11.25 at 1.2802. Also your stops levels wouldn't have made any sense either. Seems you are yet to learn how to handle your trades and how to make right choices.Ignored
DislikedHi Igrok,
The chart I attached is based on 3H and not 1H. I am not quite sure what you meant by "the trendline cant be drawn the way I did" since on the 3H chart, the three touches seems perfect as my image shows. Anyhow I placed significance to this trendline since (based on 3H) it has acted as support for quite a number of days. Was this not correct?. What I failed to see was the divergence on 1H on MACD which you pointed out. I gues that would have filtered out the move to the upside. Yes you are right, I've a long way to go with FX trading...Ignored
DislikedMr I, could this be a tradeble combo on 4h chart e/u?
I see a little macd div. that could help price break the discending tl, once that happens , if it happens, price could go up to 1.28.Ignored
DislikedI don't trade this way. I have already said million of times here that first I chose a level for placing stops and only after that I consider a level for taking actual position.Ignored
DislikedIm observing a similar view. Also whats with the funky background coulours you got there buddy?Ignored
DislikedI've always used those colors.
Grey is Asian, Green European, brown US.
They are out slightly at the moment as I haven't fixed the settings after Dalight saving.Ignored
QuoteDislikedYou have indicator to paint them?
Dislikedyeah, It's called sessions.
You need to adjust the times though.
Colours were to bright for my eyes too thats why I went with the dull ones.
I only use it on 1m-30m, not much use on the higher time frames.
You can change the settings if you go to the "visualision" tab in the indicator.Ignored