Turn your wounds into wisdom
Back to basics or information overload? 12 replies
Tutorial style book for technical basics? 2 replies
Currency Trading: Understanding the Basics of Currency Trading 0 replies
Starting from the bare basics... 3 replies
Options & futures basics 1 reply
Disliked{quote} since I was newbie then later I was beginner then later I was intermediate then later I was advanced then later I was theories-maker then later I was nothing then later this morning I read this thread Fibos!! 2 days ago I discovered the cure of fibo troubles "Theory of inclined fibo" for example GBPUSD, you expect to retrace from fibo 61% -- but later he reach fibo 65%! actually this fivo 65 is actually fibo 61% if fibo lines are inclined to some degree upon justified reason. regarding title: basics are mathematics of forex, not MAs(something...Ignored
Dislikedthey build fibo on Horizontal S/R I build advanced fibo on trend lines (inclined line) both help together ask your self why prices pass 61% by few pips (say 35 pips at fibo 67% for example) then drop heavily !! actually it reaches 61% - but on trend lines--something seen by hearts, not by eyes.Ignored
Disliked{quote} I think you should reconsider your TP your trading into a brick wall by not looking at larger time frame Can you see the monthly support ? why would you target a few pips under that monthly support with a daily entry {image}Ignored
Disliked{quote} If the trade gets near this area I will of course be managing it. I analyze, trade and manage one time frame without regard for higher or lower time frames. I do not participate or subscribe to the dogma surrounding multi time frame analysis.Ignored
Disliked{quote} You are right and in short we will have here a showcase what easily found here on thousand of pages. If it make sense or not, what the herd suggest must be right? It is no secret that so many new trader lose inital capital. For me is clear why and i also must this point realize after lost money.Ignored
DislikedEURUSD Daily Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart. {image}Ignored
Disliked{quote} Do you trade the monthly chart? Waiting for months building a setup? Sorry for a new trader who are will to learn trading it is long time. Before the first setup is building he is eventually old, no clue what if the first setup was not good. Must tell the childs watching the next. Also no good advice here.Ignored
DislikedEURUSD Daily Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart. {image}Ignored
DislikedEURUSD Daily Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart. {image}Ignored