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Thread: Daily Market Analysis by Me

  1. #1
    Join Date
    May 2018
    Posts
    1

    Default Daily Market Analysis by Me

    Hi All..I will starting this daily analysis thread using my own Support and Resistant analysis.

  2. #2
    Join Date
    Jun 2018
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    3

    Default

    Trade setups that can easily produce false signals either rely on chart patterns or are based on candlestick patterns. For those that rely on candlesticks, the pin bar represents one of the most important signals that can be used to filter good and bad trade entries. Candlesticks are, by their very nature, storytellers of what buyers and sellers are doing. A pin bar, especially a long-tailed one, is an important candlestick that signals what buyers and sellers are doing within the context of the pre-existing trend. So, if you have a pin bar appearing on the charts, it is best to understand what it is saying before taking action. Don’t jump the gun.

  3. #3
    Join Date
    Jan 2017
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    4,089

    Default

    Quote Originally Posted by Josesv View Post
    Trade setups that can easily produce false signals either rely on chart patterns or are based on candlestick patterns. For those that rely on candlesticks, the pin bar represents one of the most important signals that can be used to filter good and bad trade entries. Candlesticks are, by their very nature, storytellers of what buyers and sellers are doing. A pin bar, especially a long-tailed one, is an important candlestick that signals what buyers and sellers are doing within the context of the pre-existing trend. So, if you have a pin bar appearing on the charts, it is best to understand what it is saying before taking action. Don’t jump the gun.
    Users of candlesticks might be surprised to learn what their
    statistical analysis revealed. Eg: candlesticks are better indicators
    for reversals than for continuation.

    https://www.fidelity.com/bin-public/...cks_620096.pdf

  4. #4
    Join Date
    Jan 2017
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    There are many patterns in candlesticks. It requires expertise.

    Tushar Chande + Stanley Kroll solved this. They noticed that the most important
    part of candlesticks are the Open and Close. Then it takes the
    difference Open-Close and smoothes it with a moving average,
    typical 8 periods. Lo and behold ! Candelsticks are much simpler
    now.

    http://premium.working-money.com/wm/display.asp?art=523

  5. #5
    Join Date
    Feb 2019
    Posts
    4

    Default

    Where do you take primary data?

  6. #6

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    Most times I use the system of triple screen, all set on different time frames. And it works most of the time.

  7. #7
    Join Date
    Jan 2017
    Posts
    4,089

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    Incredible volatility can hit currency markets
    --------------------------------------------------

    A few points:
    ---the Fed (and other central banks) decided not to intervene
    in the currency markets
    ---the US $ will continue to strengthen
    ---inflows of foreign capital might be so big that the USA
    administration wants to introduce a tax on foreign capital
    inflows. This is unheard of...as yet.
    ---if emerging markets taxed capital inflows into USA bond markets,
    it is virtually a currency crisis

    https://www.barrons.com/articles/cur...5?mod=hp_DAY_2

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