Today is looking to be diffucult trading ahead of US rate decision,I see double on 15 min chart stochastic indicator(8,3,3) which is a dangerous indication that price might come down or loose 50% of the rise today, the price also touched the down trendline on H4 so things are for me negative if we breakdown 1.4752 we might go all the way down to 1.4732
Watching….
oh,...any recommendation? if u can spare some time? lol.
thanks a million
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mate really can't think any other indicator may be money flow index indicator but still OBV is a bit more accurate,look why don't you download demo metatrader and open OBV indciator seperately,if you have 2 screens keep on obv on the 2nd one
mate really can't think any other indicator may be money flow index indicator but still OBV is a bit more accurate,look why don't you download demo metatrader and open OBV indciator seperately,if you have 2 screens keep on obv on the 2nd one
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thanks for the suggestion, mate. thought of that way too.
"Also always follow 5 min chart macd and ma, these are very important,if there is a divergence between 1 min and 5 min chart such as on 1 min macd is negative but 5 min macd is positive ,my advise stay away."
wow,...that's good. well done. but from what i see, like there is no requirements met. how did u get the 20pip?
thanks
cap
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The price was stuck in between 2 lines, 1min macd showed a divergence(weakness ) 5 min macd was in negative , the price was closed to trendline on 5 min chart so you place your short position accordingly and also 1.4766 has been tried several times but no rise also OBV was ranging
The price was stuck in between 2 lines, 1min macd showed a divergence(weakness ) 5 min macd was in negative , the price was closed to trendline on 5 min chart so you place your short position accordingly and also 1.4766 has been tried several times but no rise also OBV was ranging
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but trendman, although 1min chart MACD is going under, 62 is still above. hmm,...can i say its pretty risky that way?
"Also always follow 5 min chart macd and ma, these are very important,if there is a divergence between 1 min and 5 min chart such as on 1 min macd is negative but 5 min macd is positive ,my advise stay away."
As stated above, best to avoid this situation?
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Yes ,also don't forget try to read PA and how the system works against the PA , I'm very used to the system that is why I take some very risky actions, this shouldn't confuse but saying that watch my actions why I got into the trade.
