Look at the charts and see what I did and see how some of the lines I drew from highs and lows through the gap acted as support and resistance. I'm sorry but I can't explain it any plainer than that. Why do you think I put charts up. I'm trying to give examples!!! What is trading about but selling at resistance and buying at support. I'm not saying they are perfect because no indicator or strategy is perfect - not that I've seen anyway!!!
Like I said I'm still learning and much of what I've learnt is what I've been blessed with. How do you think people come up with new strategies, new systems - they work hard at it and look at everything and anything. That is what is called being an 'Analyst'. I've put up quite a few good strategies and they do work, if you just give them patience.
Strategies I've put up in recent days none of which you will find elsewhere:
Candlestick Cross, Candlewick Cross, Fibonacci Cross, Parabolic Cross and others and they are all relevant!!!
Regarding my competition results I admit they are not good, but I think you'll find I pressed the self destruct button on most of them. Not only that I've always said that I am still learning. I'm not claiming to be anything that I'm not, all I'm trying to do is help other people and share some of my techniques.
I've also stated I'm not prepared to open a live account until I can see some consistency in my performance and by that I mean daily, weekly and monthly and over a year or so. I don't want to be opening demo accounts every other day or week because if I'm having to do that I'm not good enough to trade live. I don't have a lot of money so I have to be careful!!! I'm slowly getting there, I've seen a massive improvement in my trading in recent months - just have to be patient!!!
Tony, your strategies would have a lot more meaning to the community if you showed some history of them with demo accounts, we could comment and maybe start a good discussion, to me they are random lines on a chart. Why don't you show us where the price will go and not where it has been, you can't trade the left of the chart.😄
jimcameron posted: Tony, your strategies would have a lot more meaning to the community if you showed some history of them with demo accounts, we could comment and maybe start a good discussion, to me they are random lines on a chart. Why don't you show us where the price will go and not where it has been, you can't trade the left of the chart.😄
Look, these charts show where price has been and where it might be going. I'm not going to mislead people on here by saying I expect price to go to such and such a price, all I do is draw the lines. All I'm showing is what I can see. Each of these lines is possible resistance and support. I've learnt not to take anything for granted in trading as things can change in seconds.
Dove_Services posted: @Greggy What was your entry set up on the GBPJPY trade? What is your trade management and exit plan given now that you have an open position?
I just opened GBPJPY because I felt quite confident the news was going to be positive. I decided to take profit a little later. Although I still have positions open as I'm hoping it will take out the parabolic on the daily and hit 38.2 Fibonacci or maybe even go higher - time will tell!!!
Read: Psalm 110 Bible in a Year: Jeremiah 40–42; Hebrews 4
He will drink from a brook along the way, and so he will lift his head high.—Psalm 110:7
High in a fold of Jughandle Peak in the mountains north of our home in Idaho lies a glacial lake. The route to the lake goes up a steep, exposed ridge through boulders and loose stones. It’s a strenuous ascent.
At the beginning of the climb, however, there is a brook—a spring that seeps out of soft, mossy earth and flows through a lush meadow. It’s a quiet place to drink deeply and prepare for the hard climb ahead.
In John Bunyan’s classic allegory of the Christian life, The Pilgrim’s Progress, Christian arrives at the foot of a steep ascent called the Hill Difficulty, “at the bottom of which was a spring . . . Christian now went to the spring and drank to refresh himself, and then began to go up the hill.”
Perhaps the difficult mountain you face is a rebellious child or a serious medical diagnosis. The challenge seems more than you can endure.
Before you face your next major task, visit the spring of refreshment that is God Himself. Come to Him with all your weakness, weariness, helplessness, fear, and doubt. Then drink deeply of His power, strength, and wisdom. God knows all your circumstances and will supply a store of comfort, of spiritual strengthening and consolation. He will lift up your head and give you strength to go on. —David Roper
Father, at this moment I turn to You for strength in my weakness, energy for my weariness, and faith in my doubt.
To help strengthen your trust in God, read Hope: Choosing Faith Instead of Fear at discoveryseries.org/q0733
He who overrules all things . . . enabled Christian to . . . continue on his way. John Bunyan, The Pilgrim’s Progress
INSIGHT: Psalm 110 is one of many Messianic psalms. These prophetic Hebrew hymns are called Messianic because they predict the coming of God’s anointed king or Christ (Messiah means Christ) which is Jesus. This particular psalm reaches both back and forward in the biblical text to teach us something about who Jesus is and the role He plays in bridging the gap between God and humanity. Dennis Moles
sure, how could a question such a system? you obviously have it all figured out. thanks for explaining it so well too. I'm going to throw a ton of indicators onto a chart then go in with an insanely massive trade size based on a feeling...or maybe not.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.