DislikedDon't forget..I don't predict price action! It just leads....and follow suit!!! Make sense???Ignored
but i don't have the same broker time and see my h4 TF...
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DislikedDon't forget..I don't predict price action! It just leads....and follow suit!!! Make sense???Ignored
DislikedHi mate,
Hope you well.
I think similar to the euro and aussie people got stuck with yesterday. Do not just enter because you see a pin. Like you already point out the over head resistance was a factor.
Daily - Resistance area
4hr - check the bars (attachment - your entry was on that highlighted candle.
15min - Check the 10ema - pretty flat since early morning
Major issue was the resistance as you pointed out. Overall just not a very clear setup.Ignored
Dislikednewbie question for you emmanuel or jordfx :
in that case, the h4 tdi show us the begining of a downtrend,
can we jumpin a long trade or is it too risky
or we buy but we expect a small move ? or can we ignore the h4 sign, because the overall trend is bullish ?
Thanks a lot guys !!
peace
domIgnored
DislikedPosting a chart will help better explain your scenario.
In general, TDI which is based on RSI, is a price momentum indicator.
You cannot use TDI to determine the trend.
You can use TDI like RSI to see if market is Over-bought (OB) or Over-sold (OS), but price can remain in OB and OS for some time before it reverses.
When you see a downtrend, why would you want to Buy? and expect a small move?
Unnecessary risk of trading capital. Why not wait for a Sell high setup?
For me, CS pattern will tell you the market sentiments much better...Ignored
DislikedRSI and trend. For what its worth. Not saying RSI is a trend indi but the comments below as to how it can act in up/down trends is interesting.Ignored
DislikedShort note for EXPERT traders
CT ADR EG and Uch pending..will post it later..
CiaraIgnored
DislikedEURUSD 27 Nov:
if you had watch this video earlier.
http://www.compassfx.com/video/ip/11...47132b82ae14c0Ignored