In Forex time is a useless dimension to stare at, instead you need to use time to extract some other features such as volatility and stare at that.
I found highly customized Renko bars to be magnificent for trading, you need to add many measures into them such as the volatility contained within each bar etc.
{quote} I am long AUD NZD 1.03070 st 1.02798. i have posted charts here about it in recent days and it has played out exactly so far. Nothing more to explain! Warren
No, about 30 pips in the red, as in my post you quoted.
Bad pattern recognition on my part. If the last 4hr high had been a HH, then i am sure we would of been in business. No great shakes plenty more fish in the sea
Hi guy. I am a college student and is interested in Forex. I'll post some of my trade on a demo account and would like to get some feedback on my chart if possible. Thanks
Reason for entry was due to the supply Zone on the 15 min chart follow by lot of candle wick which means there's more supply than demand. The big bearish engulfing candle give a clear confirmation signal that seller are in control of the market. Looking to close 2/3 of position at the 1.2440 level.
Please let me know if there is any mistake in my analysis as I am still new too this.
Reason for entry is due to the big bearish engulfing candle pattern at the supply zone. Will take 2/3 off at first target at 119.027 level.
Exit remaining at the demand zone of 118.5
Will exit if price close above the supply zone of hit the stop limit.
