FX_IDC:USDMXN   U.S. Dollar / Mexican Peso
37 0 1
One of my favorite buy signals on a trending pair is when price retraces enough on the short term to reach the second std deviation. (red line) Third std deviation even better.(orange line) For this to happen price must be moving quickly. A standard deviation is really just jargon for statistical likelihoods in a given timeframe. Of course counterintuitive to buy when price is falling so drastically but such is trading. The important thing to remember is the overall bullish bias despite recent selling. I also like to buy after several consecutive bars in the opposite direction on the 4 hr             chart. Sometimes when price reaches outlier deviations however it can also be a signal price will continue in that direction like a rocket. For this reason I would set a reasonable stop and just take a loss if price doesn't appear to be bouncing after a day or so.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out