Updates from January, 2017 Toggle Comment Threads | Keyboard Shortcuts

  • Candlestick 10:19 pm on January 17, 2017 Permalink | Reply
    Tags: importance of close price   

    watch chart if price closed 

    watch chart if price closed

     

    this problem happens if watch last bar and previous bar location

    here is important things
    closed higher than previous bar or temporary higher close price

    vice versa

    closed lower than previous bar low or temporary lower close price

    we candlestick trade watch closed price location to previous bar
    not temporary close price
    this means last bar price action is not important
    because last bar always temporary price action
    if place order to previous high and low both side
    then both order filled and both position stop out
    by temporary price action
    to avoid this fail we candlestick trader watch
    last bar closed higher than previous bar
    or
    last bar closed lower than previous bar
    confirm closed price location
    this means candlestick trader watch chart
    close price time
    ex.
    daily chart close price once a daily
    1hour chart close price every 1hour

    so watch chart when price close
    this means new candlestick appear timing

    https://youtu.be/ztVyKinM30M

     
    • Candlestick 2:12 am on January 17, 2017 Permalink | Reply
      Tags: zig zag indicator   

      zig zag indicator shows resistance and support 

      zig zag indicator shows resistance and support

      readers message
      ———————
      Hi Long hope .you had a good a good holiday just been on your web page . you were talking about support and resistance indicators
      where can i get hold of them .
      kind regards

      ———————

      zig zag indicator shows resistance and support
      level
      you can identify exact key level to recognize
      break out timing

      video here

      https://youtu.be/MLN5avM0I0M

       
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