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Old 01-08-2012, 03:20 PM   #1

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Markets Memory Span

Hi,

I trade spot forex majors I am wondering if someone experienced could tell me how long price reacts a specific swing hi and lows based on previous days or weeks? One place I heard it was about 2 months max others say 2 weeks I can’t seem to see it on the chart? I trade intraday 1-4 hour charts.

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Old 01-08-2012, 08:45 PM   #2

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Re: Markets Memory Span

- More recent pivots tend to have higher significance.
- Pivots in confluence with fib ratios tend to have higher significance
- Pivots formed by an active market tend to have higher significance than pivots formed during congested market

Easy way to learn this is to mark all pivots as major/intermediate/minor alongwith levels on historical chart, while you keep scrolling to the right.

PS: Searching for stationary rules in market is a sure way to lose money.
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Last edited by Do Or Die; 01-08-2012 at 08:53 PM.
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