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4X4X · 24-09-2004, 09:18

Mr. Bond, there are two types of trends, short and long term. You first have to decide which trend you want to follow, if you decide on intraday, you can follow the short term trend and vice versa. Short term trends are the retracements of the long term trends, they too can give you a good run.

Longer term trends can be seen on daily and weekly charts. Eur/Usd have a good weekly range for past 3 months and is obvious on daily and weekly charts.

Both, Fibonaccis and Pivotal points are good for predicting long and short term trends, you can also consider using daily and weekly hi-lows/ & open close for the purpose.

Hope this helps.

24-09-2004, 09:18	#5 (permalink)
4X4X level 3 Join Date: May 2004 Posts: 467 Rep Power: 0	Think Duration Wide Mr. Bond, there are two types of trends, short and long term. You first have to decide which trend you want to follow, if you decide on intraday, you can follow the short term trend and vice versa. Short term trends are the retracements of the long term trends, they too can give you a good run. Longer term trends can be seen on daily and weekly charts. Eur/Usd have a good weekly range for past 3 months and is obvious on daily and weekly charts. Both, Fibonaccis and Pivotal points are good for predicting long and short term trends, you can also consider using daily and weekly hi-lows/ & open close for the purpose. Hope this helps.