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Dj30

A simple strategy for low timeframesHello, good morning, I want to introduce a simple strategy to those who trade in low frame time. For example, I'm on the Dow Jones chart for 5 minutes at a time frame Take a closer look at this backtest You must first find support and resistance levels In the next neighbourhood, be patient until the price hits that level Now wait for the first candle to form relatively independently of that surface By independent candlestick, I mean to see a candlestick that starts to form without contact with the surface and closes in such a way that it does not come into contact with that surface again. A candle that has no contact with the desired surface either at the beginning or at the endpoint. We can now expect the price to move with the size of the independent candlestick length. simply To better understand, watch the image or ask a question after watching it. I should mention that i always consider one unit of profit and one and a half units of loss
UEducation
by ali5adeghi
2
Dow jones analysisThe analysis is based on weekly and daily time frames, the market surged after the strong comments from FED chairman Powel at the meeting of 17th March, the increased interest rate but Powel made people sure that the economy is strong enough and far from any recession. But some big investors think their were some dark clouds on this meeting, hence this is the last chance for bears to take market back down to the monthly lows. But if price got rejected from here we can even see a new high, but i've bearish bais until now because of the major geopolitical tensions which could be considered as fact. Buy the Rumour, Sell the fact! This is market commentary not a trade advice. Good luck to all of the learners out there. Cheers!
OANDA:US30USDShort
by Sunnyboy_001
2