I would challange anyone to make a channel ,thats technically correct
anyway I've had a go assuming up is the next move ,
anyway I've had a go assuming up is the next move ,
#doyourownanalysisordietryin
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DislikedThis is my scribbles, not really looing at pridicting where it'll go, either up, down or side ways is my thoughts, looking fairly unsure tbh my guess is bouncing between either of those two coloured trangles. trying to come back into that longer term trend, broke throu but still unsure at the moment? Disclaimer, I'm a complete newb, just curious as to your thoughts? {image}Ignored
DislikedThis is my scribbles, not really looing at pridicting where it'll go, either up, down or side ways is my thoughts, looking fairly unsure tbh my guess is bouncing between either of those two coloured trangles. trying to come back into that longer term trend, broke throu but still unsure at the moment? Disclaimer, I'm a complete newb, just curious as to your thoughts? {image}Ignored
DislikedQuick question, you all always seem to know when the relevant news events for cable are? Is there a good source for finding this stuff out? (Apart for when you are all mentioning events!) I can find calendars, but that's still an awful lot of events (about 40 or 50 over the next week), how do you know which ones are important? I'm not really looking to trade on the news, but just want to be aware of big events I should be taking note of? Edit: Actually just noticed I can filter, so should I take note of all the events, just the high? Should the...Ignored
DislikedI would challange anyone to make a channel ,thats technically correct anyway I've had a go assuming up is the next move , {image} {image}Ignored
DislikedMost markets really do not behave enough like a chaotic system for things like trendlines and channels to matter that much... If you really wanted to figure out if trendlines and channels matter, you would have to go into the market and buy yards of currency at say a daily channel bottom and see if kicking the market a quarter way up through the channel is enough to trigger others to follow through and push price to the top of the channel. A few people here can do those kind of exploratory trading experiments in small stocks, but nobody has the...Ignored
Disliked{quote} As retail traders it is not our job to move the market. It is our job to jump in the hedge fund stream and let it take us from point A to point B during their chaotic experimentIgnored
Disliked{quote} No, what I am saying is trendlines and channels might be 100% useless. Aggressive orders hitting the market causing a bounceback when it touches the levels may not cause the market to continue the other way from the line hardly at all in Forex... Not with any followthrough. If that is the case, then the market is not very chaotic, and that means positive feedback mechanisms are driving the short term price action primarily, either that or asset flows which are non-responsive, or a combination. Anyway, who cares, gotta focus on the market!...Ignored