Is there a means?
Let say 30 minute chart saying is oversold and heading up tendency...
however one hr chart saying is an overbought heading down trend soon.
Is it consider unstable market?
Enter only when both signal is same or?
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Is there a means?
Let say 30 minute chart saying is oversold and heading up tendency...
however one hr chart saying is an overbought heading down trend soon.
Is it consider unstable market?
Enter only when both signal is same or?
I am assuming you are using stochastics or some thing similar to gauge if prices are overbought or oversold. These by themselves are not very reliable. It's not unusual to observe stochastics suggesting price is overbought/oversold only for it to continue in the exact same way for a considerable number of pips.
Maybe best if you visit http://www.babypips.com/school/ and find out the fundamentals first
You have a long road in front of you:
Think about this deeply and use your common sense.:
Overbought and oversold signals come from a calculation based on price. Because it regards you calculated, the signal you will notice will come to you overdue.
Occasionally late is ok but if you are going to exchange with overdue signs then you are going to get your ass handed to you and again.
Best thing to do?
STUDY PRICE!
Late entries aren't bad in any way.:
Yeah screen-time and price action appears to be the mantra in this forum these days, and of course the famed plogy.
All bullcrap if you ask me. (I know, nobody asked me, but I am giving you my view anyways)
Stop wasting time... learn to see the price... go to babypips
find out what's High, Low, Lower Low, Lower high, higher low, higher high... peak and valleys, support and resistance...
just my 2pip...
You might want to begin with learning about price action rather than indiors forexpoor. Get a sense for fundamental technical analysis then add indiors if needed.:
You obviously don't have any idea what you're doing. Loe an EDGE!