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- chiknthief replied Jul 23, 2012
Par - here we come What really moves the markets? Charts don't move the markets. Conditions move the markets...
AUD/USD
- chiknthief replied Jul 23, 2012
Technical analysis is a lagging indicator. Its a reflection of the condition.
AUD/USD
- chiknthief replied Jul 23, 2012
What really moves the markets? Charts don't move the markets. Conditions move the markets...
AUD/USD
- chiknthief replied Jul 23, 2012
Looks likely to me. Its confirmed by momentum divergence on the daily chart.
AUD/USD
- chiknthief replied Jul 23, 2012
How complicated — I use the KISS method. (Keep It Simple Stupid) I use regular ole momentum divergence. Here, look at the AUD/USD chart. Looks bearish to me. Minimum target = PAR (maybe more) Cycles and seasonals say to sell sometime around ...
Divergence Trading
- chiknthief replied Jul 22, 2012
Risk / Reward problem — In forex you can get favorable risk/reward ratios. Binaries are another story - Risk always exceeds reward. May as well play a slot machine at a casino. You are at a tremendous disadvantage. You have to be right 80+% of ...
show me one advantage of binary options over spot forex
- chiknthief replied Jul 22, 2012
The market is always right. We are never right. Get used to it. When you're losing money your position is too big - when you're making money your position wasn't big enough. Or you had your SL's and TP's in the wrong place. You can never get it ...
Aussie Trading Room and Cartoons Gallery
- chiknthief replied Jul 22, 2012
Momentum Divergence — Bearish Momentum Divergence, daily chart - not confirming higher prices. (Note red arrows, at up sloping prices and down sloping momentum) Now will the MA channel and the 50 MA hold ? image
Aussie Trading Room and Cartoons Gallery
- chiknthief replied Jul 22, 2012
Caveat — The trend is your friend - until it ends
Aussie Trading Room and Cartoons Gallery
- chiknthief replied Jul 21, 2012
For what its worth — A different perspective on the aussie $. Cycles and seasonals. Cycles and seasonals repeat over and over again. Sometimes the market does something different but most times they follow their cycle and seasonal tendencies. ...
Aussie Trading Room and Cartoons Gallery