Right now chart doesn't mean anything. Can anyone tells me what will bring bull back to life? Red flag?
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
Dislikedhow many trading days in a month?
5.5 in a week
however i simplified that to a 20 day it really doesnt make much difference
take the last 20 closing prices and divide by 20 that is the average, which is a simple moving average of 20.
you can get the mode, or the mean, if you like but the concept is the same. we want to figure out what the fair market value is, as a reference for mean reversion, that is actually what moving averages are for, not really for b/s interactive s/r lines or for cross over b/s. it is a way to use mathematics...Ignored
Everything worked fine, hope you are on a safe side for now!
Of course JPY and USD are the main drivers in this situations.
DislikedScalps are best when placed in the direction of the immediate trend.
I scalp a from a 5 minute chart of the 15 minute trend, and scalp the 15 minute chart from the 1 hour trend for short term opportunities.Ignored
DislikedOne of the setups today could be...we break this 26 here...we need at least few gentle close on 15m under that...or a vicious red bar there.
That would put Laandan into position to materialize next level - 1,2970.
Who said december is a bijatch!?Ignored
DislikedAgreed. The question is...you sold 50 now? That would be solid move right there for yaIgnored