In my own methodology I've shown in other charts that, it doesn't matter which time frame you make your money. I even showed a 3 min trend on one occasion. All this true is trend-following - which is different to following a moving average of some sort. The ATR line reacts differently to price fluctuations.
The important thing is to minimise losses.
This chart...
The choice is yours - you can see it any way you like.
The technical features here are:
1. Reducing peaks of squeeze momentum.
2. Recent RSI is below 50.
3. Rejection of 4H ATR line.
4. Large area of consolidation.
Caution: none of the above means that price has to crash. Just to be clear - price could well go to the moon. The technical situation in my...
A potential kill zone is shown. DO NOT enter if you cannot lose money!
It's this simple: price below amber 4h ATR.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees...
Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game.
In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses).
When you zoom out of this chart, you see...
This is an interesting position. Anything is possible. No advice is given. New traders may need to study these patterns and practice on paper trading accounts.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any...
The 4H position on the AUS200, could be an advantagious exploit for a controlled affordable loss.
1 - The Aussies tend to follow the DJI and USTech 100.
2 - But there is usually a time lag of between 30 mins and 2 hours.
3 - The DJI did a major leg down but the Aussies barley flinched after a major bull run yesterday.
I've seen it many times, where they catch...
Past few weeks the AUD pairs have tanked. We believe the AUDCAD will continue to drop after it breaks its current support level of 0.9703 area to drop down to next key support level of 0.9353 price area.
