Hello forexfactory!
Price moves in waves, following volume, paving the way for strong patterns, identified in key areas of Supply and Demand. These patters can also be easily distorted when we have large Price GAPS and Aggressive price moves. When these price moves break key areas we distort the story of what indicators tell us (hence why the fail), price patterns say, or SD zones yell.
When its central banks buying large sums of foreign currency, price making huge thrusts through key areas or even just the large pushes during NEWS events.
The idea being to find away to identify these from a technical aspect. Yes they can be visually seen, but the key is for finding the technical aspect on how to use some form of coding to us identify these areas.
I hope we can discuss in this thread ways from a theory stand point and technical stand point on how to identify these price moves.
I'm not a programmer but I work with some who I would like to be able to share this idea with and turn it into a indicator.
Side not: Many EA's perform very well until these points occur, my thoughts are finding away for these to be identified can be a large turning point.
Price moves in waves, following volume, paving the way for strong patterns, identified in key areas of Supply and Demand. These patters can also be easily distorted when we have large Price GAPS and Aggressive price moves. When these price moves break key areas we distort the story of what indicators tell us (hence why the fail), price patterns say, or SD zones yell.
When its central banks buying large sums of foreign currency, price making huge thrusts through key areas or even just the large pushes during NEWS events.
The idea being to find away to identify these from a technical aspect. Yes they can be visually seen, but the key is for finding the technical aspect on how to use some form of coding to us identify these areas.
I hope we can discuss in this thread ways from a theory stand point and technical stand point on how to identify these price moves.
I'm not a programmer but I work with some who I would like to be able to share this idea with and turn it into a indicator.
Side not: Many EA's perform very well until these points occur, my thoughts are finding away for these to be identified can be a large turning point.
Learn, a forex trader must, unlearn and relearn he will.