That's very brave. 😐 BTW...in 20 min bunch of important GBP news come out.
I don't remember some one told me that 'FA will follow TA' :)
FA might have contents - high risk for market manipulation :) sometime yes, sometime no ..
I see most of time (>90%) it's yes! :)
Sure you have good profit so far on this down trend.
Thanks Pro Trader Group :) just for share, regardless what FA says (most of famous analyst says, sorry..), I just (must) sell on Resistance and Buy on Support If I was late, I will do nothing, and stay away until find another opportunity on next S/R.
I'm sure you remember AUD/USD on the end of Jan 2014 at 0.867x, FA says AUD/USD .. most analyst have very sounds they said AUD/USD could down to 0.85x, but ... in fact AUD/USD even rally to 0.90x :) I bought Aussie on that support.
Why I did it? I have experience by accident, incident, something like that :( I remember Gold (xau/usd) on Sep.2011 all world analyst very sounds they said gold must rally to $2500, and off course I bought gold without give attention for TA, there was on resistance !! .. finally I was loss more than $17.5K exclude swap, so experience for FA is very expensive for me. Very stupid if I will do it again, right? :)
again, it is just share for fun. I mean I did not teach anyone :)
Yes, every one known 'Sell on Resistance and Buy on Support' but the problem is WHERE and WHEN is Resistance and... WHERE and WHEN is Support!?
I would like to explain, but it doesn't match with the topic in this thread. pm me if you wish, share for fun :)
In my personal opinion, your indicator (ASR_v4_MT4_Review) is... 50/50 :)
Thanks for your good opinion. Below I just want to share about the effort.
At the first time I met with the market, I know trading forex is actually NOT easy. This why all brokers even myfxbook said 'HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors'. So many traders till now trying to find out the most effective way when deal with the market. Even you, right? Yes, we must able to use the way that fit with ourselves. So, my strategy 'catch falling knife' may not fit with you :) You may be fit with trend, breakout, sideways, divergence, FA - economic calendar, etc.
Do you know Marc Marquez? He is a world GP champion 2013, Honda team. What do you think on the same day if I use Marc Marquez's motor cycle and I enter the race to replace him.., can I become a winner same with him today? Absolutely no. Because he was using his motor cycle for exercise, learning laps, etc, for many years with effort so hard until he really know how to drive his motor cycle very well. How about me? I just take an exercise for couple days :) Surely I will not able to be same with him, right?
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