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Hindsight Pig-Peg - A Single 15-min Candle = 1000-Point Rally?Hindsight Pig-Peg's are not as impressive as foresight Pig-Pegs. Even incorrect foresight Pig-Pegs (see all prior Pig-Pegs) are more impressive than anything made in hindsight. Why do this then? Because I think it may provide crucial information for future market rallies. Broadly speaking, this may also offer some insight into the true nature of reversals, and possibly, some things to look for. If this is correct, then that means that the impetus for 1000 points worth of bullish price action can be pinned to a teeny-tiny, singular 15-minute candle. SPCFD:SPX
CAPITALCOM:US500
by UnknownUnicorn5511258
1
AUDCHF 5-8-13 analysis exampleToday we are going over another trading technique. This is the short term 5-8-13 (fibonnaci) trading. This is an old but good method as well. Bottom line is, when the faster 2 MAs (moving averages) cross the slower line in either direction, you place an order. Exits and SL are up to you with account size, TF you're using and risk you're willing to take... Here is an example (potential) setup. Posting now so you can click later to see if the lines crossed and what sort of gains (or losses) you would expect. Hope you enjoy. The moving average settings are Simple, and median... close is too slow and open is sometimes too early or not great signals.
by forexfreaks
1