FLOW
GOLD - GC In a higher perspective flow.The discussions I read in the last days can be very confusing.
...at least for someone who don't think about the context, and time, and the difference between trend and flow.
You can not chart something in a daily, and talking about the next 5 or 10 years.
That's foolish, period!
This chart shows what I mean about a longterm perspective.
Follow price from the beginning, and then observe, how it acts and re-acts at the lines.
Then sit back, squeeze your eyes and ask yourself: "Where is price flowing NOW?"
The NOW is your perspective for the appropriate timeframe in this chart, which is 2 Months!
Think about this and let this information flow through you brain if you REALLY wanna learn...otherwise just drop it §8-)
P!
AUDUSD Long Pullback in direction of trendprice is starting to consolidate inside a daily demand level while we have been in an uptrend. I'm looking for PA (price action: order flow)to confirm this level and see a couple of bigger bars to the upside. As institutions confirm this level then looking for profit targets @ the previous highs.
buy a bounce, flow traders (aex)(Advice specificly made for our investment group). 13 april major investment party left flow traders and taking with it a major drop in price. because of a break in the boilingerbands+oversold signal through rsi(14) (and STO full) a bounce to atleast the 0,38 fib retracement line is expected. The MACD momentum is still negative but changing direction and expected to break the triggerline soon
PAL Chaikin Money Flow BullishTrading today has been bearish for the stock as people take profits near resistance. However, the Chaikin Money Flow (CMF) is above zero which says the bullish trend is still in effect.
The CMF operates regardless of how bullish or bearish market participants may opine to be one day or the next. As seen on the chart the trend remains upwards as the CMF is above zero.
Thus when the CMF is bullish above zero, and the chart shows red days, peaks, drops, or consolidations these are possible buying opportunities.
It really is not much different than going to the store and shopping with coupons.
Read more about this indicator and its uses at
www.tradingview.com
Note that this indicator should not be used as a stand-alone buy or sell decider. It can be out of sync at times but it is helpful in confirming chart trends if it has worked in the past, just like any indicator or system one might use. If it seems out of sync then perhaps people are drawing trendlines on the indicator to see where it breaks through instead of seeing when it crosses the zero line.