Quote:
Originally Posted by Sweet Pip
Well...besides being red & green  (ok, had a couple, it's Friday)...
From some of your posts, I think I read in one topic about if a red bar follows a green, then go short, if a green bar follows a red, then go long. The bars seem to span about a hundred, or more pips each. Some have long wicks, and some with a little being either above and/or below the bodies.
Then there's consolidations & breakout. What else should I have mentioned?
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Quote:
Originally Posted by TheRumpledOne
What do you notice about the EURUSD daily chart?
Specifically, what do you notice about the candles?
You can ignore the gauges but they do contain a few "hints". |
In addition to sweetpip's, i noticed the reversal candle (is it called a Dodji?) that signalled the big ride down town.
You are actually sensitising me to some serious observations-thanks a million. My major challenge has always been when to exit a trade (either good or bad trade). There have been cases where immediately i exit a bad trade, the trend changes in my favour and would have given me a very good profit if i'd stayed. (my style now is to use a combination of Fib. levels, price action and trend line, but i sure still need a lot of help on these things, cause i'm not satisfied with my marginal results yet)