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Quote:
W1 - uptrend. D1 - uptrend. H4 - consolidation. |
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I think more understandable picture of the week/day we may see using Channel trading system (see images).
On W1 and D1 we see uptrend and on H4 downtrend. But everything may be changed any time and it is fully visible from the images. |
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The same situation with EURUSD we may see using Braintrading system.
It is not really infirmative but it's ok: W1 - uptrend was established already and confirmed on D1 timeframe (uptrend as well); H4 - downtrend was not fully established and may be changed anytime (EMA 55). |
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If we look at ASCTrend system we may understand the following:
W1 timeframe. It was very good signal for sell somewhere in September (18th of September) and good stop 11th of December (from 1.2011 down to 1.2269 with 258 p in profit). And it is flat now. D1 timeframe. It was very good signal for sell on 3rd of November with the stop on 18th of November (from 1.1940 to 1.1773 that is 167 p in profit) and no any signals till now). Flat. H4 timeframe. It is flat during 1 week already and no any good signal during the December and first part of November. ASCTrend trading system is not very informative about it. |
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If we look at the digital filters for EURUSD we may understand the following:
- H4. Uptrend was finished and we have flat. Nothing was started yet (downtrend or uptrend). - D1 timeframe. Market starts uptrend now but everything may be changed. - W1. Uptrend started. |
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Quote:
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try the following: http://www.fxstreet.com/images/graf/fxcm_calendar.pdf
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LinkBack to this Thread: http://www.forex-tsd.com/documentation/21-trading-signals-recommendations.html
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| Posted By | For | Type | Date | |
| Counter Statistics | This thread | Refback | 03-07-2008 11:16 AM | |
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