Markets Memory Span

[pipsaholic 10]

Hi,

 

I trade spot forex majors I am wondering if someone experienced could tell me how long price reacts a specific swing hi and lows based on previous days or weeks? One place I heard it was about 2 months max others say 2 weeks I can’t seem to see it on the chart? I trade intraday 1-4 hour charts.

 

Thanks.

[Do Or Die 10]

- More recent pivots tend to have higher significance.

- Pivots in confluence with fib ratios tend to have higher significance

- Pivots formed by an active market tend to have higher significance than pivots formed during congested market

 

Easy way to learn this is to mark all pivots as major/intermediate/minor alongwith levels on historical chart, while you keep scrolling to the right.

 

PS: Searching for stationary rules in market is a sure way to lose money.

Edited January 9, 2012 by Do Or Die