this is the 17.50s 30 times your cash
they were .05 now 1.50
Do Trendlines work?
- Thread starter duard
- Start date
this is the 17.50s 30 times your cash
they were .05 now 1.50
a bullish engulfing candle with a hammer test to flush out the stops
Looks good.
Might be a little easier to read the trendlines without the Fib lines on there too.
Thanks for posting.
Sticking with the theme "do trendlines "work" "
here's taking profits with trendline (attached chart)
here's taking profits with trendline (attached chart)
Could someone on earth explain to me what the !@!?@ is On Balance Volume doing on a cash fx chart ???
boy. OBV will tell you nothing in cash markets. In futures, maybe .... Even that is debatable. But cash.. forget it.
I think you can use momentum studies better...
My 2 cents:
Neither trendlines, nor MACD or any other indicator for that matter or study actually "WORK".
You can't say it works, because a study is a study. It does not do anything for the market.
You use the study to reveal certain market characteristics.
What works is you method for managing opportunities when the are there, as identified by your trendlines, MACD, or whatever....
I think you can use momentum studies better...
My 2 cents:
Neither trendlines, nor MACD or any other indicator for that matter or study actually "WORK".
You can't say it works, because a study is a study. It does not do anything for the market.
You use the study to reveal certain market characteristics.
What works is you method for managing opportunities when the are there, as identified by your trendlines, MACD, or whatever....
yesterdays chart
