Comments on: How to Develop a forex trading plan – Trading Confluence

By: nial

nial — Sat, 30 May 2009 13:46:46 +0000

I like the idea of confluence in any trading method, its the simply the idea of using multiple reasons to enter a trade which align together to give one common trading signal.

By: bob morley

bob morley — Sat, 30 May 2009 13:43:50 +0000

I know you are pro-price action and I am learning to think that way as well. I fully believe that price can do anything it wants WITHOUT the permission of RSI or Stoch or CCI etc.

BUT

Don’t you think Ichimoku has many of these confluences built in? I have been putting a lot of weight on where price is in relation to the cloud for a filter and trying to trade only with price action in that direction. Price action rather than line crosses being my trigger.

By: anand devkota

anand devkota — Fri, 29 May 2009 13:39:52 +0000

Thank you sir

By: nial

nial — Fri, 29 May 2009 13:12:55 +0000

You have traditional candlestick patterns confused with my methods. This is not a doji in my eyes, its a pin bar bullish reversal. Lower prices where clearly rejected. A doji is not valid if it forms in this vecinity of the chart anyway.
Please check out my course for more clarification.

By: tom power

tom power — Fri, 29 May 2009 12:27:06 +0000

however what is frightening about this point is that there was a doji (narrow range open=close) bar after an uptrend a sure reversal yet it pulled back and kept going