Nov 23 2019 at 08:13
You won't find this in tutorials!
Basically, using 14 day Simple Moving Average. Where MA turns it acts as Support & Resistance. Draw lines from Highs & Lows where MA turns and these too act as Support & Resistance!
Basically, using 14 day Simple Moving Average. Where MA turns it acts as Support & Resistance. Draw lines from Highs & Lows where MA turns and these too act as Support & Resistance!
Pielikumi
Nov 24 2019 at 08:21
Is scalping more profitable? I think based on pips per hour in front of the computer not really. Swing trading I can catch reasonably big moves and I can go do something else while I am waiting for a set up. While I am scalping I am constantly in front of the computer monitoring and adjusting my trades. Its fun if there is nothing else going on. If nothing else but for the challenge of it.
Nov 25 2019 at 13:10
You will not find this in tutorials because it does not work. Sorry pal. It may work recently on a few pairs but in long term this will fail
Nov 25 2019 at 16:54
It doesn't work?
Pielikumi
Nov 25 2019 at 16:58
It doesn't work?
Pielikumi
Nov 25 2019 at 18:32
It doesn't work?
Pielikumi
Nov 26 2019 at 10:28
emotionaltrader posted:
It doesn't work?
So you are trading based on FIBO & support/resistant tools? I like support/resistant too.
Dec 12 2019 at 23:57
UNBELIEVABLE! AS IT HAPPENS! WHO SAID THIS SYSTEM DOES NOT WORK?
Pielikumi
Dec 13 2019 at 11:01
CONFLUENCE GBPUSD! Possible retrace to 38.2 Fib Level Approx: 1.28! Then back up to test 1.44!
Pielikumi
Dec 13 2019 at 11:13
...alternatively GBPUSD brief correction to approx. 1.306 and then up to 1.38 then back down to 1.36 and following this Mighty Sterling should go higher 1.51!
Pielikumi
Dec 13 2019 at 11:15
CORRECTION LAST POST: ...alternatively GBPUSD brief correction to approx. 1.306 and then up to 1.38 then back down to 1.306
and following this Mighty Sterling should go higher 1.51!
and following this Mighty Sterling should go higher 1.51!
Dec 13 2019 at 11:18
Missed Crucial Bit of Information. Please see Chart
Obviously this will take several months to complete etc!
Obviously this will take several months to complete etc!
Pielikumi
Dec 13 2019 at 11:46
GBPUSD I just want to quick correct my retracement level to approx: 1.316 and then up to 1.38!
Just got carried away...not known as emotional trader for nothing!
Just got carried away...not known as emotional trader for nothing!
Pielikumi
Dec 13 2019 at 11:55
It is easy to find examples of ANY strategy working. The problem with any strategy is reducing the number of failed set ups
Dec 13 2019 at 12:34
GBPUSD: Just out of interest see chart. Trend Lines take from 1985 Low 1.0790 and intersect where 14 Day SMA bends etc!
Pielikumi
Dec 13 2019 at 12:37
...and again GBPUSD Close Up!
This is why it's good/critical to have access to Historical Charts!
This is why it's good/critical to have access to Historical Charts!
Pielikumi
Dec 15 2019 at 12:50
I prefer larger time and price ranges because they allow me to spend less time on market analysis. Unfortunately, I can't devote as much time and effort to trading as I would really like to. That's why we have to follow this path. But in principle, I do not know many people who would be willing to spend a lot of time on analysis. The rhythm of modern life is too high, and decisions need to be made faster. Although let's be honest, the market does not like it. And in general, the support and resistance levels are one of the key indicators that are used both by representatives of traditional trading and by representatives of modern dynamic directions. And all because this indicator really gives the most accurate forecast.
Dec 15 2019 at 18:13
Flong
I'm not trading with any money as the Leverage Restrictions brought in by ESMA have made it not worth my while, but I like to keep up to date with what's happening in the market and of course I like Technical Analysis.
Algorithms and Robots have spoilt Trading and especially Technical Analysis as they do it all for you, but I get a lot of enjoyment from Technical Analysis. The sad thing is as I have proved there is still much that people can learn about Technical Analysis. I get so much enjoyment from discovering new things, new ways of analysing charts and the thing is it's all stuff that I've been blessed with! The introduction of Algorithms and Robots means new ways of analysing charts are being overlooked and are of no importance!
It's a Rich Mans Game now, no longer can people like myself have any prospect of making a living or making a fortune as you could 30 years ago! Trading is in the hands of the Big Guns, those with algorithms which are capable of running millions of different trades per second and reacting in nanoseconds!
I'm not trading with any money as the Leverage Restrictions brought in by ESMA have made it not worth my while, but I like to keep up to date with what's happening in the market and of course I like Technical Analysis.
Algorithms and Robots have spoilt Trading and especially Technical Analysis as they do it all for you, but I get a lot of enjoyment from Technical Analysis. The sad thing is as I have proved there is still much that people can learn about Technical Analysis. I get so much enjoyment from discovering new things, new ways of analysing charts and the thing is it's all stuff that I've been blessed with! The introduction of Algorithms and Robots means new ways of analysing charts are being overlooked and are of no importance!
It's a Rich Mans Game now, no longer can people like myself have any prospect of making a living or making a fortune as you could 30 years ago! Trading is in the hands of the Big Guns, those with algorithms which are capable of running millions of different trades per second and reacting in nanoseconds!
Dec 15 2019 at 18:28
Flong
The other thing I love about Technical Analysis is seeing a Candle bounce of the lines you've drawn and some of them have been there for weeks/months and seeing how they act as support and resistance and react to the price action etc!
That's the enjoyment of Technical Analysis, a bit like chess!
The other thing I love about Technical Analysis is seeing a Candle bounce of the lines you've drawn and some of them have been there for weeks/months and seeing how they act as support and resistance and react to the price action etc!
That's the enjoyment of Technical Analysis, a bit like chess!
Dec 30 2019 at 16:52
emotionaltrader posted:
Flong
The other thing I love about Technical Analysis is seeing a Candle bounce of the lines you've drawn and some of them have been there for weeks/months and seeing how they act as support and resistance and react to the price action etc!
That's the enjoyment of Technical Analysis, a bit like chess!
Buddy, why you don’t share your trade setups now? I am expecting more activities from you.
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