Not Forex, but I thought you might find it interesting to see that zero lines occur in every market and in every time frame.
This is the MONTHLY SPOT GOLD chart with a bounce off the zero line worth more than $100/oz!
What about S&P 500 index and e-mini S&P?
It's mostly driven by daily only speculators and pitt.
But guys from pitt has a habit close all trades by 5pm
daily the latest.
So nowdays (still fresh memory about recent bearish run)
there are no much heroes to hold S&P positions for longer
than one day.
Question: Is zero-line method is still applicable here?
P.S. This is from NLA thread, but seems noone
(myself including) is able to see this 777-page monster
anymore, I'm posting to this thread, as its inheritage.