What currency pairs do you guys find are the ones that will drop or spike and not return for a long time?
a. Not return for a long time....how long is the long time you are referring to?
b. What time frame chart are you referring to? Ihr or less, 4hr, Daily, Weekly, Monthly
Dang, I guess I'm staying away from GBP$
I trade <H1 (M15) and long time being maybe a few days.
The answer would depend on a few questions......
a. "Not return for a long time"....how long is the long time you are referring to?
Look at the gbp/usd where it started to spike on the weekly bar that had a high on that bar at 1.7934 on 4/16/2006 and is still rising and is currently at 1.9771 as of this writing. The gbp/usd had a previous run on the weekly charts that lasted about one year, the one before that lasted roughly 4 years from it's low starting in 2001ish.
it's hard question ..coz we don't know when the long term range shifting happen ..but using MA in daily or weekly can give u some clue when it will drop or spike for long time ...for example GBP daily maybe rejected on MA89 for a week to come ....just my prediction ...anything can change it
Forex Indicators Collection
It caould be Euro/USD
Are you talking about the Moving Averages indicator? How do I read it? I'm not experienced in reading these indicators and what they are trying to tell me.
Right , MA is a basic indicator but it's profitable if you can read it...
price below MA means downtrend still remains and vice versa...just try 30 SMA and 10 SMA ...when cross each other that's entry point
When I add the MA indicator to my chart. It wants to know MA - Period, method and shift.
How do I know what values it wants?
Thanks guys for your input
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