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Algorithm is quite simple, but there can be many tools. Drawing is for me a way to learn to love a place, to become part of it. Sketching enables me to see my own world, one drawing at a time. It can be accomplished with different tools, but they should be used together for a more accurate forecast.
For most of my life I had both the fear of drawing as well as the desire to draw. And taking pictures isn't the same thing. For a good forecast of a change or correction, you may need indicators, figures or even economical news. Firstly, you wait for the moment when a price breaks the trend line, check for the divergence, and if it is there, wait until moving averages intersect and then enter the market with a new trend. It often occurs that a trader estimates a new trend, placing a bet, but market turns backwards at once.
The quantity of previous candlesticks is estimates the period of the indicator. And when the price reaches the line, enter the market against the trend and wait for the correction. Actually, a moving average value is the average price of some previous candlesticks opening or closing. In the last four years, it is not an exaggeration to say that Urban Sketchers has changed my life.
But that's why I love it so much. It was a wonderful experience that opened my eyes to a new world. In other words, if there is the uptrend, but you know it will change in some time. When he retired, I helped to organize an exhibition of his sketches.
Sometimes, I look around, and I find some usual items like sugar bags or napkins. Surely, they must be used along with other tools, because moving averages can frequently intersect due to long corrections. You need to be fast, because, as I said, singlebörse bad mergentheim everything is very dynamic.
It is a great place to share! Although I have always drawn and paint, it was not until I started studying in the Uni-Kassel, that I started keeping a travel sketchbook. Though, some traders work with either tools. Price can leave these borders, and it a trend line is broken, use other tools and look for entrance points. All this unique local mix of cultures, languages and styles is always a great source for inspiration.
Sometimes I draw directly on placemats. They will surely lose when trends turn or corrections appear. Celebrating the mundane as well as the famous is what urban sketching is all about. The key moment of this option strategy is the detecting the time of that very change. Every trend can have its line, estimating price borders.
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The point of such an intersection if the point of entrance. You only need to build a trend line, but not the traditional way. There are lots of ways of trend changes detection. He brought a huge box full of sketchbooks he had filled since he was an architecture student. Estimate the time of a change.
It was amazing to find so many people doing the same thing. Thus, you can make a couple of failure-bets, and then cover these losses with profitable orders.