All im really looking for (and I say looking for, coz im still observing this, not trading this) is that "double touch" that signals that the original H1/H4/D1 traders have been zeroed before the price takes off again.
Often this happens in or near the 20 pip rat zones and this interaction is what I am observing at the moment, especially in its ability to throw price back to another zline.
I posted a pic of the phenomenon in the DTB v 9 thread here:
http://kreslik.com/forums/viewtopic.php?p=33609#33609
the zlines are drawn by an indi I wrote so I could see zlines from other timeframes on my charts.
in the meantime lets just say im quietly excited when I see price approaching these lines and expect a stronger reversal in this area.
Of course I could just be thinking too much....
Cheers
G
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- bredin
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Welcome to the era of "Guns and Maskies" Trading!
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- TheRumpledOne
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TRO would you recommend trading the MB Trading MT4 platform.
They say it is still ECN so would that mean they are not becoming spread assasins?
Also mind a quick explanantion of the difference between ECN and normal broker like FXCM. They both have spreads of the GBPJPY for example - the spread for the one is just tighter.
I am a little confused.
They say it is still ECN so would that mean they are not becoming spread assasins?
Also mind a quick explanantion of the difference between ECN and normal broker like FXCM. They both have spreads of the GBPJPY for example - the spread for the one is just tighter.
I am a little confused.
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