Good Morning Chads
Good morning Wavey, I just woke up to your message
You guys dont sleep?
Una active o, but that’s how we like it
We active
It reveals time, history and the buying and selling pressure in the narket
This is good
Good morning
Good morning brother man
They tell us the story of what price did during a particular period of time.
It sure does
A single candle can show us:
Opening price — where the price started
Closing price — where the price ended
Highest price — how high the price reached
Lowest price — how low the price reached
Who was stronger — buyers or sellers
Very sharp answer
Yh I actually do...
What is the difference between a break out and a take out?
I think break out is when there’s a pullback or break of structure but I think take out is basically a liquidity sweep
They help traders understand the battle between buyers and sellers and how the price moved.
Exactly!
Anyone??
I think I’ve answered as well
Simple example:
A bullish candle shows that buyers pushed the price up. 📈
A bearish candle shows that sellers pushed the price down. 📉
Simple and straight forward
Hm, this is new but here it is, a break out is simply when price breaks out of a defined trading range or a key resistance level
I thought the same
There was a certain time, I think Ginx, who tends to be one of our traders said He trades with CPI or something and it went to his direction.
Today we’d be talking about CPI
I do remember, very sharp o
Make I know why the trade no work for others
So what is CPI?
Consumer Price Index, it helps to balance of consumers expenditure over time
And this is also the primary gauge for inflation,
Now what I’d inflation and how does it correlate with this side of FX
Inflation wey dem wan use wound us for here
It’s basically for balancing
Yes consumers expenditures
Exactly
Under what analysis does CPI falls under?
Gaskiya, your mind dey
We are getting there mana
Glad you’re here
