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Originally Posted by mosad2
@ ecology
what about this chart?
specially when eur/usd is still bearish in daily
I think asian session will have the word to solve this
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Hi mosad2
In your second chart I see the RSI Stoch falling but with the 3 MA your the most slowest MA is still below the price movements I would wait before terming the Daily senario bearish now you could be right BUT In my opinion It is always good to wait for a close below the slowest moving avg. on one's chart. Well it can all differ for all traders as one has to know how conservative or aggressive one ought to be (reflecting in fast or slow MA's).
I see Marketwavez charts I agree to a certain extent I have followed Fxsurfers forum I certainly have respect for the thread its posters however In my opinion the chart posted below should give you an idea of what I think of the market my 4h 1d charts are posted below.
Now in the 4hr chart you will see two channels the red one the black one. Earlier I had posted the same however I did not include the red channel. I believe if the black channel holds as well as the red I for sure buy. As one has to see there is no ONE RIGHT WAY OF CHARTIN (TA). People looking at different charts hence different trendlines etc However they do not wary much however one has to underst how the market moves.
I could be wrong in drawing that channel but more importantly it tells me if I am wrong or right in any case if you are a good trader both senarios should reap profits.
PS WE COULD SEE A SPIKE TO 1.2700 draw a parallel line the spike the bottom to 1.2700 that should be your buffer for noise. However I am not taking any positions right now as I said before WILL WAIT FOR TOKYO ...
OHH the this how my 1d chart look keep in mind I do look at RSI MACD MA's however I believe since those indicators cannot varry much trader to trader hence I do not post it. However I do suggest following them before taking a position (IF POSSIBLE KEEP A LOG FOR FUTURE REFERENCES)..
Thank you