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Ren1058 replied Jul 17, 2016Oil Hourly Price is on its way to D where AB=CD
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016NZDUSD Hourly I would expect price to retrace to the 50-80% retracement area before beginning a new impulse leg to D
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016USDCHF hourly I will be looking for price to retrace to C find support and begin a new impulse leg to D where AB=CD
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016and lets see if GBPUSD hourly start to turn up here if it does the target would be D where AB=CD if not it could be a change of behaviour
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016EURUSD Hourly I will be looking for short positions. The target for this down move is D where AB=CD also the 1.217 ext of AB also the median line. In this instance I'm drawing the Fib from the tails usually I use the bodies. The alternative scenario ...
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016Some useful resources { copyrighted attachments deleted by staff }
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016and OIL Daily and hourly I dont think I will bother with USDCAD or Copper I wont be able to keep track if I have too many. Back Monday US Session
How to read a chart and trade properly
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Ren1058 replied Jul 17, 2016I'll post my charts for reference so we can just start trading at the US Session Monday Start with EURUSD Charts are either daily or hourly
How to read a chart and trade properly
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Ren1058 replied Jul 16, 2016From an idealised price movement we get an idealised price channel where price retraces to about the same level every time depending on the angle creating a channel, I think some people imagine channels just appear like magic, they dont they are a ...
How to read a chart and trade properly
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Ren1058 replied Jul 16, 2016I'll be taking trades on the hourly and the 5 min
How to read a chart and trade properly
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Ren1058 replied Jul 16, 2016Great but I'd go for this: As you know we can make assumptions on future price movement based on the historical analysis of past price movement There a much higher probability that price will make a new high than not. The idealised price movement ...
How to read a chart and trade properly
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Ren1058 replied Jul 16, 2016and from an idealised price movement we get an idealised trade: A perfect trade Doesnt matter what time frame it is
How to read a chart and trade properly