Looking at 1 year of EUR.USD I fail to see the usefulness of trendlines as a support / resistance gauge as I see no channels or clear technical patterns such as I see in stocks.
It seems to me that trendlines in forex are at best arbitrary tools.
If someone uses trendlines in their trading...
What software do you use for fractals?
Can you recommend good reading materials pertaining to them?
Never used them, I have heard of the 'V' fractal.
Thanks.
Well I sometimes use OBV on stocks to spot the underlying sentiment and divergences with price.
I'll look the futures up.
Though I feel maybe it would be a delusion as the volume would apply to the futures only.
I am considering trading forex on a demo account.
I understand that there are no volumes recorded in forex as there is no central regulating exchange.
Therefore I can only see the usefulness of Bollinger Bands on an hourly chart, I see no way of determining an impending reversal from volume...
I am considering trading forex on a demo account.
I understand that there are no volumes recorded in forex as there is no central regulating exchange.
Therefore I can only see the usefulness of Bollinger Bands on an hourly chart, I see no way of determining an impending reversal from volume...
I have traded stocks for a few years.
I am considering trading forex through IB, never traded it before, will paper trade for a bit.
I would be grateful for any advice and/or experiences trading forex through IB.
What might be the advantages / disadvantages such as margin ( it is 40:1 by...