AUDCAD, H4, 2011 September 14
Long @ 1.0153
Target @ 1.052
Long @ 1.0153
Target @ 1.052
5/6 candle swing low swing high Indicator 5 replies
Swing high / Swing low indictator+alert? 20 replies
Trading Swing by Swing 39 replies
Swing highs and swing lows 3 replies
swing high/swing low indicator and volume tic history 13 replies
DislikedAUDCAD, Daily, 2011 September 09
AUDCAD, H1, 2011 September 13
Short @ 1.0486
Target @ 1.031Ignored
DislikedEvery day the market you are following has an open, high, low and a close for the day (some markets like forex are 24 hours but generally use 5pm EST as the open and close). This information basically contains all the data you need to use pivot points.
See moreover:
http://www.actionforex.com/markets/p...2010040848154/
Actionforex calculate also the Hourly and the 4 Hours.
FXcubeIgnored
DislikedFXCUBE, thanks for your guidance here. Whats your opinion about eur/usd for tomorrow? What are the levels you see up and down please?Ignored
Dislikedhi when do you trigger your trades? based on daily candle closed? tq.Ignored
DislikedEURUSD, M30, 2011 September 15
Short @ 1.3800
...by scalping some Longs at M1/M5Ignored
DislikedAlthough I trade the candles alone with fibs for testing the power behind candles, your style is fairly spot on. Will follow. You can never know enough in this game.Ignored
If you're interested in getting into the forex market, there is one relationship of which you must be aware before you even start trading. This is the relationship between the euro and the Swiss franc currency pairs - a correlation too strong to be ignored. In the article Using Currency Correlations To Your Advantage, we see that the correlation between these two currency pairs can be upwards of negative 95%. This is known as an inverse relationship, which means that - generally speaking - when the EUR/USD (euro/U.S. dollar) rallies, the USD/CHF (U.S. dollar/Swiss franc) sells off the majority of the time and vice versa. When you're dealing with two separate and distinct financial instruments, a 95% correlation is as close to perfection as you can hope for. In this article we explain what causes this relationship, what it means for trading, how the correlation differs on an intraday basis and when such a strong relationship can decouple. Read on and you'll also find out why, contrary to popular belief, arbitraging the two currencies to earn the interest rate differential does not work.
Read more: http://www.investopedia.com/articles...#ixzz1YRLVfpCn
Read more: http://www.investopedia.com/articles...#ixzz1YRMUP4Id