here's what I do man.. I don't try to guess which way spot will move.. I only try to guess what will happen if spot does move to a certain place BUT only if it happens in a certain time frame.. Here are a few real world tips.. Most tips you get on trading sites are painfully generic and unhelpful beyond your first month of trading..
1. When the stochastic oscillator reads 93 on the 1hr charts you need not worry about talking heads.. not the band from the 80s, I love them, but the constant stream of traders telling you about USD strength or USD weakness and their essentially useless crystal ball opinions.. There will be an imminent reversal due to the simple mathematics of the market.. When Euro spot jumps up 250 pips in 6 hours there are a lot of buyers, but WHO IS STILL SELLING? No one.. ah.... now you get it
![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
ah and now the banks look at their margin and take profit... YOU RIDE THAT!
"Oh but hey Pippy.. if it were that simple bots could make the trades for you when the stochastic oscillator"
Yes, but bots have spikes in the reading at inappropriate times.. therefore they would issue bad trades.. It's really up to you to recognize when a really high/low stochastic oscillator reading is a buy/sell.
HINT: Are you close to s/r or not and what are equity and commodity markets doing? Have they already made their moves or is there room for just enough oomph to foil your FOREX trade?
2. TRADE THE DAILY RANGE
Just like it says you place a small bet that the range on the dailies will hold the first time.. Nailing a daily range trade (aka a double or more top or bottom) is a golden find.. LEAVE IT ALONE for at least 150 pips.. LEAVE BRITNEY ALONE! LEAVE HER ALONE! Don't outsmart yourself.. take the 25 or 30 pip hit and leave the damn trade alone.. nail just one of these trades per week and your margin grows!
3. Tell your loved ones about Pippy
Tell them that a hamsum man finally paid attention to you and gave you some attention..