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what does each candlestick mean on a forex trading chart Replied 11 months ago - Just like Sandy has said, the candlestick is a representation of the timeframe which you are analyzing the charts through. Set it to 1 hour time frame and each candle will show you the past opening and closing price for every 1 hour that passed.
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what is a retest in forex trading, why does it matter after a break? Replied 11 months ago - Look at a trade i just took, the purple line is the key level of resistance that marked the high of the Asian session for today. The price broke this key level and retested it and that was a signal for me to buy
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how do i divide my chart screen into different days? Replied 11 months ago - Works like a charm!!!
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whats your technique for analyzing forex charts? Replied 11 months ago - One of the methods I empoy is trend line analysis. For example if i see a down trend, I draw a trend line from the start of the trend and drag it downwards. The trend line i draw must touch the wicks or tops of some candles in its path, this is important. I then sit back & observe how new candles that form on the chart interact with the trend line. When i notice that new candles have started forming above the trend line, then it means the trend is dying. I then mark the point where the trend line was breached as an area of value for future referenc.
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can technical analysis be used on stock trading? Replied 1 year ago - Most retail traders in the world are technical traders, not fundamental or macro traders. Almost everyone is a 'chart expert'. So, yes, it is so common for traders to use technical analysis & chart patterns when trading individual stocks.
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How I Spot Head & Shoulders Pattern on a Forex Chart Replied 1 year ago - Beautiful Head and Shoulders pattern spotted on 5 minute EUR/USD chart
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NZDCHF swing Analysis
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