Identifying Market Swings - Medium and Long Term Trading 619 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
How do you test if the pair is in a medium/long term trend? 2 replies
US equities medium-long term outlook 1 reply
Short Term / Medium Term / Long Term? 3 replies
DislikedS&P chart looks very interesting and confusing as well The recent gap in S&P index confusing the situation . Is that an exhaustion gap or a normal one. the upper boundary resistance looks good near 1742 area. if it breaks the above key resistance area then i am looking for 1910. otherwise it could drop 500+ pips to downward. Red shooting star on daily looks good as well. {image}Ignored
DislikedHave a look at These two charts Japanese Yen future has created a symmetrical after a prolong move to downward. The question is ‘’another breakdown or something new this time’’? Swiss franc weekly chart indicating a possible breakout. Breakout area should be 1.1018, if it happens then I‘ll go for long technically. But there is a huge problem with these two pairs, because there government and national banks can easily manipulate their currencies due to export competitiveness reason. {image} {image}Ignored
DislikedWyckoff Method of the Weekly Coffee futures chart. It's been in an obvious downtrend, currently trading around 4 1/2 year lows. I'm posting because this is a longer term view of what will become a great opportunity to get long at value prices. First we have to wait till demand shows itself. Patience is necessary when trading on this time frame but I think much more money can be made. {image}Ignored
DislikedHi Seaman2 .... It can vary of course but on this time frame less than 10 or so. It is a completely different mindset vs scalping/daytrading. The analogy I like to use is it is more comparable to a real estate type of investment. Longer term and you do not call the real estate office every 5 seconds to see if your property has changed in value . It is treated for what it truly is which is an asset. Full contract value there is really not too much risk because it is FOOD we're talking about, not a speculative instrument. For example a Coffee...Ignored