Stocata.Org - Technical Analysis part 3 about Volume, the use of linear regression lines on the volume bars and the use of an oscillator, indicator called SVAPO Short Term Volume And Price Oscillator to make profitable trades.
I am afraid there is no simple answer to that. I would have to see your trades to be able to see if it was a good or bad decision that moment in time. What did you do next and what kind of money and risk management are you applying, what is the spread you are paying, etc....
while I am not yet successful in trading the Forex market I found that I can only look at 1 indicator and no form of EMA or SMA on my. I day trade and look at 2 time frame daily and 1 hour chart.I have seen professionals like yourself analyze charts and noticed that I have analyzed it the same way but yet I failwhat am I doing wrong?
There is no single item or indicator out of technical analysis that you can use on it's own. You need all the basic and extended tools of TA and additionally you can use 3 to 4 (proprietary) indicators or expert functions. Only then you can make decisions that are realy supported by TA. Also do not forget risk and money management. Keep following the video's. We will get there. Since you say FOREX, it will also be influenced by the time frame you are looking at.
I am afraid there is no simple answer to that. I would have to see your trades to be able to see if it was a good or bad decision that moment in time. What did you do next and what kind of money and risk management are you applying, what is the spread you are paying, etc....
SylvainVervoort 2 years ago
Hi Mr. Sylvain, thank you for the reply.
while I am not yet successful in trading the Forex market I found that I can only look at 1 indicator and no form of EMA or SMA on my. I day trade and look at 2 time frame daily and 1 hour chart.I have seen professionals like yourself analyze charts and noticed that I have analyzed it the same way but yet I failwhat am I doing wrong?
ForexAnalysis 2 years ago
There is no single item or indicator out of technical analysis that you can use on it's own. You need all the basic and extended tools of TA and additionally you can use 3 to 4 (proprietary) indicators or expert functions. Only then you can make decisions that are realy supported by TA. Also do not forget risk and money management. Keep following the video's. We will get there. Since you say FOREX, it will also be influenced by the time frame you are looking at.
SylvainVervoort 2 years ago
Hi Mr. Sylvain Great Video, which other indicator would your recommend, I tarde the Forex market and my platform has no volume.
ForexAnalysis 2 years ago