#aussie forex

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Xforex - Forrading - Forex Indicators And Price Bars, Reading Charts_002

there's a comment that talks about when you're looking for a short term trade the price bar activity becomes critical to taking the trade that's only partially true in this picture trade where that vertical line is let's go back and look to see if that would have been good to take on that bar there was a five-alarm trade on that bar but you notice the activity the price part is just going up and down it's been really hairy so if we go to the 30-minute beautiful signal right there good five-alarm trade and so that would have been a great heads-up head you seem to right at the beginning now there's the one-hour confirm that one hour mediocre and it's still above the zero line it's trying to go up and down 30-minute was good 15-minute did not confirm it it's not a five-alarm trade is still having a hard time the Momentum's going back towards the zero line and just going sideways so the 30-minute really look good with 15 doesn't confirm it so when you go to the five-minute right on that bar if you've gotten in right at the beginning of it there was a 15 to 17 pip range that it went in but my time you make the spread up you're looking at maybe 10 8 to 10 5 to 8 pips you might have taken out of that trade but the it's not so much that movement of the price bars they're just a reflection of what actually happened based on the momentum not being solid on the larger timeframes there's no true momentum the 30-minute had a great setup but the 15 didn't confirm it and so that gave us a little rough trade right there if you had gotten in something you might have made a little bit of money but that was a tough one look at the previous barger so the price movement is reflected after the fact the overall momentum is the thing that is going to make a difference as people are buying and selling trying to figure out what's going on and so it makes the market to move a little bit

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Getting started with Australian Forex Trading

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