phillo
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Everything posted by phillo
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Aus200 short term/ intraday opportunity
phillo replied to PirateRadio's topic in Indices and Macro Events
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this one continues it's amazing run ( forever seeking inflation ? ) . , but should those Moving Averages cross .......................
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Is the pound facing an existential crisis?
phillo replied to MongiIG's topic in Foreign Exchange (FX)
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I use moving averages ( please don't ask which ones ) , then mainly market structure things like previous order blocks, imbalances, gap fills etc
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the main thing is , they give you the basis to start looking deeper into analysis. Another saying is, when doing analysis, always start with the higher time frame first & then drill down to lower time frames to find specific entries. So a clean chart on a higher time frame isn't enough on it's own , in my opinion , but as you say, they can provide the backbone of technical analysis
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Recent gold reversal - technical analysis revision
phillo replied to phillo's topic in General Trading Strategy Discussion
I use it on any time frame , but the higher the better in my opinion as serious attention is needed on say one minute or less - I find it works best in fx -
Recent gold reversal - technical analysis revision
phillo replied to phillo's topic in General Trading Strategy Discussion
with regard "Wyckoff" here's a video I found useful in explaining it . n.b., some say you can see wyckoff everywhere, I guess it just depends on the time frame you're using ??? -
looking at a monthly chart, you wouldn't think it would. the "wedge has broken to the downside, however there is what some may consider previous support around here ??? . Further downside could be into that brown rectangle ( an old order block ? ) . While the Fed are raising rates, the ECB still are unable to get past the "talking about" phase, & remember they are still doing QE !!!
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