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.
WARNUNG VOR HOHEM RISIKO: Der Devisenhandel birgt ein hohes Risiko, das möglicherweise nicht für alle Anleger geeignet ist.
Der Einsatz von Leverage schafft zusätzliches Risiko und Verlustgefahr. Bevor Sie sich für den Devisenhandel entscheiden, sollten Sie Ihre Anlageziele, Ihr Erfahrungsniveau und Ihre Risikotoleranz sorgfältig prüfen.
Sie könnten Ihre ursprüngliche Investition teilweise oder ganz verlieren. Investieren Sie kein Geld, das Sie sich nicht leisten können, zu verlieren. Informieren Sie sich über die mit dem Devisenhandel verbundenen Risiken und lassen Sie sich von einem unabhängigen Finanz- oder Steuerberater beraten, wenn Sie Fragen haben.
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Die vergangene Performance ist kein Indikator für zukünftige Ergebnisse.