usd cad buy??
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- #5,664
- Dec 8, 2014 9:29am Dec 8, 2014 9:29am
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
- #5,666
- Dec 8, 2014 9:48am Dec 8, 2014 9:48am
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
{quote} pulback at daily is many pips and many days...
Can you post a Chart and explain exactly what you are seeing because I don't see a Bearish pullback to take a Bullish Trade.
- #5,668
- Dec 8, 2014 9:57am Dec 8, 2014 9:57am
{quote} Can you post a Chart and explain exactly what you are seeing because I don't see a Bearish pullback to take a Bullish Trade.
- #5,669
- Dec 8, 2014 10:01am Dec 8, 2014 10:01am
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
- #5,670
- Edited 10:26am Dec 8, 2014 10:10am | Edited 10:26am
{quote} Hi kholid; So you use Indicators to lead you into Trades and not just for confirmation of what you the Market is telling you? Personally, I only use Indicators for confirmation of what I can already see in the Market. By trading this way, I have far more chance of being successful, longterm, because I am not dependant on any Indicator to lead me into a Trade. But each to their own, there is no right or wrong way just what an individual feels comfortable with.
I need indicators like I need my watch to see the time and compass as a direction.
that makes me learn to make the best possible indicator, and I think nihilist is one of good references.
I tried to make as best I can and hopefully feasible to use.
- #5,671
- Dec 8, 2014 10:30am Dec 8, 2014 10:30am
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
{quote} I dont have skills like you to see with the naked eye.
Hi kholid;
Anyone using Indicators, to lead them into Trades, still needs to understand Market Structure - Support/Resistance etc.
We need this information to make sure the Indicators, we use, are leading us into Trades at the Optimum Levels.
In fact, I now find it harder to follow Indicators than I do to follow Price Action and Market Structure alone because the Indicators becomes another thing I have to consider before taking a Trade.
- #5,672
- Dec 8, 2014 10:37am Dec 8, 2014 10:37am
{quote} Hi kholid; Anyone using Indicators, to lead them into Trades, still needs to understand Market Structure - Support/Resistance etc. We need this information to make sure the Indicators, we use, are leading us into Trades at the Optimum Levels. In fact, I now find it harder to follow Indicators than I do to follow Price Action and Market Structure alone because the Indicators becomes another thing I have to consider before taking a Trade.
- #5,674
- Dec 8, 2014 1:03pm Dec 8, 2014 1:03pm
{quote} Hi kholid; Anyone using Indicators, to lead them into Trades, still needs to understand Market Structure - Support/Resistance etc. We need this information to make sure the Indicators, we use, are leading us into Trades at the Optimum Levels. In fact, I now find it harder to follow Indicators than I do to follow Price Action and Market Structure alone because the Indicators becomes another thing I have to consider before taking a Trade.
Make choices and don't look back !
- #5,675
- Dec 8, 2014 1:18pm Dec 8, 2014 1:18pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,322 Posts
- #5,677
- Edited 1:55pm Dec 8, 2014 1:24pm | Edited 1:55pm
{quote} Hi kholid; Anyone using Indicators, to lead them into Trades, still needs to understand Market Structure - Support/Resistance etc. We need this information to make sure the Indicators, we use, are leading us into Trades at the Optimum Levels. In fact, I now find it harder to follow Indicators than I do to follow Price Action and Market Structure alone because the Indicators becomes another thing I have to consider before taking a Trade.
You are absolutely right, if you dont understand firstable PA or how the charts behave (or whatever you want to call it), you cant be succesful on the long term even with a thousand indicators.
Its funny how some traders who predict markets or follow blindly their Chistmas tree indicators usually post their charts only when they are right and not like you who shows all you do, even losses.
I really recomend Stevepatt posts, specially for newbies who are serious about learning how to trade.
Indicators always obey Price, not the other way.
- #5,678
- Dec 8, 2014 3:48pm Dec 8, 2014 3:48pm
- | Commercial User | Joined Jan 2013 | 1,524 Posts
this indicator display's currency strength of each time frame. i hope i can share the indicator within the week, thank you.
Every man who thinks ahead of his time is sure to be misunderstood.
- #5,679
- Dec 8, 2014 4:14pm Dec 8, 2014 4:14pm
this indicator display's currency strength of each time frame. i hope i can share the indicator within the week, thank you. {image}
Make choices and don't look back !