Another month ended in our increasingly crazy world. But we are looking at it through the chart. We can see how the smart money players are moving and where they are positioning (or not positioning). We can use volume to keep our finger on the pulse of whats really going on. We can see were they are pre-positioning their buys and sells. They do it at the same times of day. It is consistent.. and sorta incredible if you think about it.
As far as the Sterling... Notable downtrend. Not a lot of movement coming in to push against the down move. Expecting more downward action in the big picture. We will to get to the other side of he dead space zone and see where it pops out and f it crosses our target area.
One short tip: It is best to avoid trading when the RSI is within theRSI channel. Not all of the time but it is just a guideline. You can see from the last 3 sessions that I have circled where this applies. RSI is set to 7 (versus 14) and the channel is set to 25 and 75 (versus 30 and 70). These settings seem to work pretty well on the 15 minute chart specifically.
Regardless of where you are located in this world, keep your head about you and do not fall for the hate.Be your own person no matter what that takes. Question all of it because the world you and I leave behind will be the world our children have to live in.
Stay safe and stay sane. There is a lot of very big events taking place across the world and it is indeed a dangerous time... But we will get through it.
As far as the Sterling... Notable downtrend. Not a lot of movement coming in to push against the down move. Expecting more downward action in the big picture. We will to get to the other side of he dead space zone and see where it pops out and f it crosses our target area.
One short tip: It is best to avoid trading when the RSI is within theRSI channel. Not all of the time but it is just a guideline. You can see from the last 3 sessions that I have circled where this applies. RSI is set to 7 (versus 14) and the channel is set to 25 and 75 (versus 30 and 70). These settings seem to work pretty well on the 15 minute chart specifically.
Regardless of where you are located in this world, keep your head about you and do not fall for the hate.Be your own person no matter what that takes. Question all of it because the world you and I leave behind will be the world our children have to live in.
Stay safe and stay sane. There is a lot of very big events taking place across the world and it is indeed a dangerous time... But we will get through it.