EURUSD - Trends, Forecasts and Implications (Part 3) - page 878
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
In line with this(https://c.mql4.com/forum/2011/05/H1_04_2.jpg), the plan for Asia is as follows
Gold seems to have passed according to the forecast so far,
---------------------------------------
we're looking at...
And the eu is no longer reacting to the news:
2011.05.04 21:31:58 *FED spokesman Williams: Ultra-low interest rates over an extended period are still appropriate
2011.05.04 21:32:34 *Williams: Low interest rates support recovery, reduce unemployment and reduce chance of deflation
201105.05.04 21:33:13 *Williams: The labor market is now in the worst condition since World War II
2011.05.04 21:34:14 *Williams: Rising gasoline prices are a major drag on the economy
And of course America's favourite "phrase"
2011.05.04 21:36:28 *Williams: US interest rates are not to blame for rising commodity prices2011.05.04 22:04:31 *Fischer: Bad weather and energy prices negatively affected economic growth in Q1
2011.05.04 22:05:52 *Fischer: Energy and other commodity prices negatively affected consumer purchasing power
I don't get it, is the bad weather only in the US? Are all the other countries in another dimension?Evra chose the red option(https://c.mql4.com/forum/2011/05/H1_04_2.jpg)
As for how deep it is, we have to look at the H4 MACD. If we do so(https://c.mql4.com/forum/2011/05/H4_04_1.jpg) it should go negative.
The three-star pattern is formed by three doges. Appears very rarely, but is the most important reversal model. There is almost never a perfect "three star" model, but it can also be taken as a model where the middle star is a doji and the other two are either doji or a close candlestick.
Looking at the daily euro/dollar chart one can observe the rare phenomenon of a star parade over the eurik ))))
ZS: just in time for the victory parade )
- The main mistake usually made by beginners (despite the fact that almost all textbooks warn against this mistake) is to consider the appearance of a candlestick pattern on the chart as a trading signal. Let us repeat it once again: a candlestick pattern is not a trade signal, and it does not define entry points. It only indicates the mood of the market and signals any possible changes in it. You should use other methods of analysis, not the Japanese candlesticks, to find the entry point.
- Candlestick patterns, traditionally called "reversal", it would be more accurate to call them "patterns of change": They warn about changes in the trend, not necessarily to the opposite, but also about the transition from a movement into a flat, from a trend into a sideways channel, and even just about a sharp slowdown of the existing movement, while maintaining it.
- The most reliable Japanese candlestick signals occur on the Daily timeframe. With a smaller timeframe the reliability of signals decreases. For timeframes smaller than H1, candlestick analysis is not suitable (and on H1, many of the models can not be trusted). On the Weekly and Monthly timeframes the reliability of the general trend prediction increases, but at the same time the probability of strong temporary deviations from the trend increases (in particular, very long candlestick shadows).
- The claims, found in the literature on the Japanese candlesticks, that some bearish reversal patterns are more reliable than their bullish twins, are true only for the stock and commodity markets. Such statements do not apply to the Forex market.
A model loses its value, if during the current movement (trend or correction) this model has already appeared more than once. This is especially true for models containing dojis.A pattern loses its value if it has already appeared more than once on the current movement (trend or retracement). This is especially true for patterns containing dojis.