fj ?post a screenshot gbp/huf 1hour chart to current time? include that low candle below 403.00 in the shot? thx man. that's a nice screen layout you have. what smartphone and software do you use?
Despite the fact that it eventually went down again, I would have actually closed my TP at a profit. Android. IG Forex.
Eyeball what would prove my trade right or wrong. Then I might adjust later to lock in some gains or move SL to zero, or something like that.
That is a trick question... Forex DOES NOT have any complete or reliable volume. There is no central "exchange". Some dealers offer a volume based on their clients, but as stated that is no where near being complete, reliable, or representative of the full market of a pair. OTOH, currency futures DO have complete and reliable volume, BUT it is does not encompass the forex, and therefore is reliable only for trading the futures.
not bad, usdgbp behaved likewise. Keep Raking It In! https://www.tradingview.com/symbols/HUFGBP/?exchange=FX_IDC
You will make things so much easier and more obvious if you move from using one hour data to weekly data when it comes to identifying a legit 'trend'. It always slays me when I see people talking about 'trend' and using short(er) term data. Back in the time that I day traded - I used 360 minute data
Really? Weekly? Here's a chart using weekly bars. The left side of the chart goes all the way back to 2013. At those long timeframes, aren't technicals meaningless?