| The Candlestick Corner All about candlesticks. Moderated by brownsfan019. |
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| | #1 | ||
![]() | 20 EMA & Patterns on FOREX Just in case we get someone new to this thread, here's a quick review of the chart setup:
And the entry setup: 1) A pullback to the 20 EMA * candlestick pattern(s) to be used is up for debate. BearBull suggests using hammers and inverted hammers only; whereas I am open to most patterns. IMPORTANT CONSIDERATION: The idea presented here is a possible ENTRY idea. As discussed in a few threads here on TL, there are many, many different ways to exit a trade. WHY FOREX?: A few reasons: 1) I know very little about forex, so hopefully this thread could get some experienced forex traders chiming in about the markets and what to expect. I'll do my best to post some charts and we'll see how it looks. | ||
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![]() | Re: 20 EMA & Patterns on FOREX All charts are from the fxdd MetaTrader demo software. If I were to pursue this further, I would need to investigate FX brokers as Open ECry does not have an FX division (yet). I believe these are the main pairs, but could be wrong. If there are other pairs I should watch, please let me know. ![]() ![]() ![]() | ||
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| The Following User Says Thank You to brownsfan019 For This Useful Post: | ||
daedalus (09-29-2008) | ||
| | #3 | ||
![]() | Re: 20 EMA & Patterns on FOREX .coming over here from your other invitation post and this is the first thing I noticed... As far as pairs go you might consider substituting EurJpy for the UsdChf. EJ has plenty of bang for the buck / action, a reasonable spread, etc while UsdChf is almost perfectly (negatively) correlated with the EurUsd (so even if a setup occurs in the swissf it will follow what the EurUsd does.) hth zdo | ||
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| | #4 | ||
![]() | Re: 20 EMA & Patterns on FOREX | ||
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![]() | Re: 20 EMA & Patterns on FOREX http://www.forexfactory.com/showthread.php?t=11854 | ||
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![]() | Re: 20 EMA & Patterns on FOREX | ||
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![]() | Re: 20 EMA & Patterns on FOREX | ||
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| | #8 | ||
![]() | Re: 20 EMA & Patterns on FOREX Quote:
lol... i got plenty more links from there, but in the mean time... different site; how the forex market works: http://www.investopedia.com/articles.../interbank.asp | ||
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