Is there a way to know if a signal is confirmed? | Forex Factory

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Is there a way to know if a signal is confirmed?

  • #1
  • First Post: Jan 25, 2012 9:27pm Jan 25, 2012 9:27pm
Is there a way to understand a signal?

Let say 30 min chart saying is oversold and going up trend ...
but 1 hr chart saying is an overbought going down trend soon.

is it consider unstable market?

Enter only when both signal is same or?
  • #2
  • Jan 26, 2012 12:28am Jan 26, 2012 12:28am
You clearly have no idea what you are doing. Find an EDGE!
  • #3
  • Jan 26, 2012 2:21pm Jan 26, 2012 2:21pm
I am assuming you are using stochastics or something similar to gauge if prices are overbought or oversold. Unfortunately these by themselves are not very reliable. It's not unusual to see stochastics indicating price is overbought/oversold only for it to continue in the same direction for a substantial amount of pips.

Maybe best if you go to BabyPips and learn the basics first
  • #4
  • Jan 26, 2012 9:53pm Jan 26, 2012 9:53pm
Quoting forexpoor
Is there a way to understand a signal?

Let say 30 min chart saying is oversold and going up trend ...
but 1 hr chart saying is an overbought going down trend soon.

is it consider unstable market?

Enter only when both signal is same or?
you got a long long road in front of you
  • #5
  • Jan 27, 2012 1:12am Jan 27, 2012 1:12am
Quoting forexpoor
Is there a way to understand a signal?

Let say 30 min chart saying is oversold and going up trend ...
but 1 hr chart saying is an overbought going down trend soon.

is it consider unstable market?

Enter only when both signal is same or?
Think about this deeply and use your common sense.

Overbought and oversold signals come from a calculation based on price. Because it comes to you calculated, the signal you will see will come to you late.

Sometimes late is ok but if you're going to trade with late signals then you're going to get your ass handed to you time and again.

Best thing to do?

STUDY PRICE!
  • #6
  • Jan 27, 2012 7:58am Jan 27, 2012 7:58am
Quoting pippin4me
Think about this deeply and use your common sense.

Overbought and oversold signals come from a calculation based on price. Because it comes to you calculated, the signal you will see will come to you late.

Sometimes late is ok but if you're going to trade with late signals then you're going to get your ass handed to you time and again.

Best thing to do?

STUDY PRICE!
late entries aren't bad at all.

Yeah screen-time and price action seems to be the mantra in this forum these days, and of course the famous psychology.

All bullcrap if you ask me. (I know, nobody asked me, but I am giving you my opinion anyways)
  • #7
  • Jan 27, 2012 3:18pm Jan 27, 2012 3:18pm
stop wasting time... learn to read the price ... go to babypips

find out what is High , Low , Lower Low, Lower high, higher low, higher high ... peak and valleys, support and resistance...

just my 2pip...
  • #8
  • Last Post: Feb 26, 2012 2:48pm Feb 26, 2012 2:48pm
Quoting forexpoor
Is there a way to understand a signal?

Let say 30 min chart saying is oversold and going up trend ...
but 1 hr chart saying is an overbought going down trend soon.

is it consider unstable market?

Enter only when both signal is same or?
You may want to start by learning about price action rather than indicators forexpoor. Get a feel for basic technical analysis then add indicators if needed.
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