Validating the Fading

July 17 2011 by Aidan Creal in Forex Release |No Comments

Post here by Darren, but placed on the site by myself. Darren explains this well and also a couple of images.

Notice how he is questioning the ‘content’ of the 60 min fade which is so very important. Here he quickly and easily discovers the content of the fade by asking the SAME question that we ask PRIOR to taking a trade following a 60 min fade

Hi Martin

Here is an example of what I was trying to explain.

Looking at this, you could be fooled into thinking that the last bar is waining
to the downside on the 60min……

But If you go BACK on the 4 bars that it consisted of on the 15min you can see it was
actually the low pvol to the uide on first 2 bars that created the the yellow on
the 60min.

Martin adds:-

Note that also NO JB to the uide ( 15 min) that would be giving us fair warning that the fade on the 60 min was highly likely to be the turn.

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