Hello, after a long break! What I was doing as much as 3 months, talk later today a little bit about something else. 2-3 years ago, deeply studied the graphical analysis, building strategy, etc., on the subject had accumulated enough "real" information, to arrange it in a separate post.
There will be no general recommendations, if someone tried to follow them, it is unlikely that went something profitable. There are subtleties that can bring your trade graphic analysis to a new level (not too loudly declared? :-)).
Unknown snacks graphical analysis.
1. Everywhere write that the graphic shapes and resistance lines can be built on the 2-point. In practice this does not work, for example, such situations are often found:
Unknown snacks graphical analysis.
1. Everywhere write that the graphic shapes and resistance lines can be built on the 2-point. In practice this does not work, for example, such situations are often found:
First, you can hold one line with time second, and in the end also a third! Three support line in a correction to the trend a bit too much. This gives rise to confusion, ambiguity in the analysis, such a strategy is difficult to test, and most importantly, that line of support / resistance, built on 2 points, is weak.
It is quite another thing when about one line lie 3 points:
It is quite another thing when about one line lie 3 points:
As I mentioned, these support / resistance are stronger, so much better practiced. They are not common, but more effective.
2. There are different ways to build shapes, someone considers all price and someone uses the closing price of the bars, for example:
2. There are different ways to build shapes, someone considers all price and someone uses the closing price of the bars, for example:
Tails, which look out over the line, just do not count. It should be noted that different timeframes are different bars' closing prices, respectively, all the constructions will also be different. In my opinion, this is an inefficient way, should take into account all the costs. If there is high or low, I see no reason not to pay attention to it, because at this price were traded.
3. Do not count on 90% profitable trades. The main thing you need to pay attention to is the ratio of profit / risk. If your stop is equal to profit from such a deal should be abandoned. Select only those transactions in which the potential profit in 2 times higher than the potential risk.
4. To protect the profits it makes sense. What am I doing? That if the profit on the open trade is growing, pull the brake. Most of the trades held fast motion without major setbacks.
Reverse the movement likely will mean a change of direction, and the closest stop to help save some of your money.
5. Only liquid trending tools. Trades will be more on EUR / USD, than on the EUR / CHF. Given that a good situation is not often, it makes sense to connect to the CFD on shares, futures + major currency pairs. From this number of instruments will have an expert!
6. Descend below the H1 does not make sense. There is a lot of "false" breakouts. This phenomenon is called the price noise, which is not on the higher timeframes, with the negative impact of noise, I agree.
These are the features of the graphical analysis I managed nayti.Vozmozhno, someone will be able to improve their means of their trade (I wanted to write with their help improve his kung fu.
3. Do not count on 90% profitable trades. The main thing you need to pay attention to is the ratio of profit / risk. If your stop is equal to profit from such a deal should be abandoned. Select only those transactions in which the potential profit in 2 times higher than the potential risk.
4. To protect the profits it makes sense. What am I doing? That if the profit on the open trade is growing, pull the brake. Most of the trades held fast motion without major setbacks.
Reverse the movement likely will mean a change of direction, and the closest stop to help save some of your money.
5. Only liquid trending tools. Trades will be more on EUR / USD, than on the EUR / CHF. Given that a good situation is not often, it makes sense to connect to the CFD on shares, futures + major currency pairs. From this number of instruments will have an expert!
6. Descend below the H1 does not make sense. There is a lot of "false" breakouts. This phenomenon is called the price noise, which is not on the higher timeframes, with the negative impact of noise, I agree.
These are the features of the graphical analysis I managed nayti.Vozmozhno, someone will be able to improve their means of their trade (I wanted to write with their help improve his kung fu.
