The chart I had posted is on Tradestation which provides charts down to a single tick or second, it has a long look-back period on all time frames. I am very pleased with the platform/broker.
I never said that at all. Why a stock, commodity or currency is moving is in fact absolutely irrelevant. I only trade the price action, and I leave the "fundamental analysis" BS to the economists. In fact, if fundamental analysis had any predictive power, economists would all be billionaires by now, don't you think?
I never said that either lol. Your words were ... "All "trending" days and all "reversal" days become obvious at the end of the day. and that is what I was referring to all PA including trend and range bound. Not sure how you got to FA? I
Feb 25th 2020. Mar 16th 2020. Mar 20 2020. Apr 7 2020. Apr 21 2020. Apr 28 2020. May 12 2020? We had limit-down days back then. Did we have a limit-down day yesterday? No! You get the gist?
yeah you are right ....there are many ways to see it in the end you have to make money.....nothing else matters...... but there are many degrees of reversal.........and the reversal that is indicated by a single bar.....is the least significant.......and generally does not lead to any significant trend in the other direction.....i have found this responsible for most of losses because i enter early only to think that a minor reversal is the end of the move. i have not used macd for a long time but icons like Martin Pring advice that the indicator signal should be confirmed by some price action.... perhaps price action reversals also should be confirmed by some indicator ..... what ever you use it is important to know when a reversal will lead only to a pull back and when it is reversal of a major trend. this is the biggest challenge for me