It is always a good idea to look for multiple time frame charts to take a trade. For me, i look at daily chart, decide the trend, then look at hourly chart or h4 chart to see overbought or oversold critiria to take a trade.You just can't take a trade looking at one single chart.
- #11,464
- May 26, 2011 5:22am May 26, 2011 5:22am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I`am still bearish the cad and long usd/cad.
look at the wicks at the 4 h chart. resistance <=> support
look at the wicks at the 4 h chart. resistance <=> support
- #11,465
- May 26, 2011 6:03am May 26, 2011 6:03am
Hi Tony! Choppy day on €, I'm on the sidelines, $ is respecting the ascending bullish channel, and we got a BO on the Eurlfx but it's fighting the 2.28 area yet, so, better wait for a proper confirmation
$: good work done by the Harami, but, we're sitting on the support area, so-->
Attachment
Hi riko, what feed is that?, Fiber is unclear for me at this moment, tbh, I'm on the sidelines until PA shows a clear direction, my humble advice, long above 1.41, short below 1.40, while --> killer account mode on Fiber.
Jhon...
good trading :-)
- #11,467
- Edited 10:11am May 26, 2011 9:46am | Edited 10:11am
- Joined Dec 2007 | Status: Trader | 1,964 Posts
P.S: This is not a trading call
USD LFX...
still a DAY to GO..BUT a possible BEARISH HIKAKE forming on the WEEKLY...check at EoW..
USDLFX.jpg
baz
- #11,469
- May 26, 2011 10:48am May 26, 2011 10:48am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
for chf/lfx:
I wait for the day to come to touch this upper trendline and see price react.
All say, usd/chf will drop till 0.7x but I doubt.
I wait for the day to come to touch this upper trendline and see price react.
All say, usd/chf will drop till 0.7x but I doubt.
- #11,471
- May 26, 2011 10:54am May 26, 2011 10:54am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
2,5 trading days for monthly close for nzd/usd.
Monthly hanging man pattern ?
Monthly hanging man pattern ?
- #11,472
- May 26, 2011 10:55am May 26, 2011 10:55am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
for chf/lfx:
I wait for the day to come to touch this upper trendline and see price react.
All say, usd/chf will drop till 0.7x but I doubt.
hi Peter
agree with u
or buy EURCHF
- #11,475
- May 26, 2011 11:06am May 26, 2011 11:06am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
2,5 trading days for monthly close for nzd/usd.
Monthly hanging man pattern ?
- #11,476
- May 26, 2011 11:09am May 26, 2011 11:09am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
2,5 trading days for monthly close for nzd/usd.
Monthly hanging man pattern ?
we can see this high sensitivity in the past time
- #11,479
- May 26, 2011 1:03pm May 26, 2011 1:03pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Thanks once again http://www.forexfactory.com/images/icons/icon14.gif.i will actually take Naiji,Bone,you and others posts with all seriousness.But a question for you all.Where will you advise i get my trading hindsight from.Weekly,Daily or Monthly.Last week on ej i went short but got killed and same thing this week on eu.
Second trade with the trend. An uptrend is, when candles start at the lower left of your monitor and ends at the upper right and vice versa.
Example attached
Third try to read sometimes the explanation in this thread made by Hussin and others or read some books, Hussin mentioned here:
http://www.forexfactory.com/showpost...postcount=5544
good luck
