Evening guys, seems I missed all the fun tonight - I had to do an evening shift..ugh!
Very narrow gaps between levels today, 1.1147 area seems good resistance for EU. Probably a ranging week before NFP.
Good morning to all,
I'd simply like to ask a question to spark some interest in hopes of us all being able to contribute in order to find something which we can trade and profit from. My question is as follows. When we look at the candles between daily pivots, say (m15 from s1 to main pivot) we may see a bunch of green candles. but as we look at the m1 we will see a different story. So my question is won't it be better to follow the engulfing patterns on the m1 compared to guessing on what the next candle on the m15 will close on?
Leading by "Being an example" is hard to find then actual examples.
Good morning to all, I'd simply like to ask a question to spark some interest in hopes of us all being able to contribute in order to find something which we can trade and profit from. My question is as follows. When we look at the candles between daily pivots, say (m15 from s1 to main pivot) we may see a bunch of green candles. but as we look at the m1 we will see a different story. So my question is won't it be better to follow the engulfing patterns on the m1 compared to guessing on what the next candle on the m15 will close on?
Ignored
The lower time frame u go, the less accurate candle stick patterns will be
Good morning to all, I'd simply like to ask a question to spark some interest in hopes of us all being able to contribute in order to find something which we can trade and profit from. My question is as follows. When we look at the candles between daily pivots, say (m15 from s1 to main pivot) we may see a bunch of green candles. but as we look at the m1 we will see a different story. So my question is won't it be better to follow the engulfing patterns on the m1 compared to guessing on what the next candle on the m15 will close on?
Ignored
I think the M1 candles will produce too many false signals, 5m is quick enough, 15min is probably ideal.
Kicker supposed to be the strongest reversal signal, but honestly first time see it on forex, don't know if it works on forex. EV any idea, if it works ?
{quote} I think the M1 candles will produce too many false signals, 5m is quick enough, 15min is probably ideal.
Ignored
The contention is that it will create a lot of "false signals", but won't that be based on what you believe a breakout would be? I think if we look at the chart backwards it will be rather clear to see how the breakout develops on the 1m tf. I'll be sure to share some charts shortly.
Leading by "Being an example" is hard to find then actual examples.
{quote} The contention is that it will create a lot of "false signals", but won't that be based on what you believe a breakout would be? I think if we look at the chart backwards it will be rather clear to see how the breakout develops on the 1m tf. I'll be sure to share some charts shortly.
Ignored
Yes English, sharing your charts gives us a good idea of what you mean.
{quote} The contention is that it will create a lot of "false signals", but won't that be based on what you believe a breakout would be? I think if we look at the chart backwards it will be rather clear to see how the breakout develops on the 1m tf. I'll be sure to share some charts shortly.
Psych Levels, Pivots, and Trendlines - Resurrected
