fib. expansion and retrace in forex
- Thread starter shopster
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Quote from shopster:
As I type price moves lower but how could i know that.....
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watch the 15 min. chart for end of trend
then trade the 5 min.
don't stand in front of a bull train until you see it slowing down.
clues.........
lower hi and lower low, histo rolling over etc.....
on the 15 min.
you need to define trend.
s
S,
thanks for your notes.
As you say "you need to define trend". Exactly!
But is SO subjective at least for me!
I suppose even if we make a poll here on where trend starts and ends on the very same chart i m pretty sure we will get too many different answers.
I suppose thats absolutely normal since everyone looks at a chart from a different perspective, TF and according to experience.
So far to find out the trend I was using trendlines or channels. Recently I ve started using Supply and Demand levels.
The idea of LL and LH and histo reversal is very interesting. I ll do some backtesting on it.
Athan
Quote from shopster:
price action trading with one indy.
what is the trigger to enter the trades.......?
cheers,
s
Shop,
On your chart, the first DB is obvious, but what I have marked - is this a roll n puke or just a hidden divergence? How do you tell the difference?
I need to see the 15 min also or at least the emas to get a sense of the overall direction.
That seems to be the most important thing with these setups, no?
Shop,
On your chart, the first DB is obvious, but what I have marked - is this a roll n puke or just a hidden divergence? How do you tell the difference?
I need to see the 15 min also or at least the emas to get a sense of the overall direction.
That seems to be the most important thing with these setups, no?
...............................................
jack,
everything you need is on the page.
nothing is hidden and 15 min charts not required.
keep it simple.
s
On your chart, the first DB is obvious, but what I have marked - is this a roll n puke or just a hidden divergence? How do you tell the difference?
I need to see the 15 min also or at least the emas to get a sense of the overall direction.
That seems to be the most important thing with these setups, no?
...............................................
jack,
everything you need is on the page.
nothing is hidden and 15 min charts not required.
keep it simple.
s
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