syarifudin
Newbie
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Hi everyone, just signed up to this board today.
I wish .. will be team work to succes of trading
good luck !!
I wish .. will be team work to succes of trading
good luck !!
Try add bollinger bands and bandwiths to your arsenal of pivot points, set them up for breakouts on 15' charts and see what happens.Hi,
A newbie to this forum, (in fact the first forum I've ever subscribed to) I've been spreadbetting Forex majors for about 4 years. Tried a bunch of different systems and methods. Break-out continuation, momentum, event etc., I guess that the best I can say is that, thus far, I have broken even. All though it must be said I've spent hours trying to get my head around technical indicators, and various - so called - "highly Profitable" methods and schemes. Or may be this should read "Scams".
Being honest all I can really claim to have learned is that the markets I tend to play, (Cable and Euro/GBP) defintiely have their own distinctive characterisics.
I know this is a bit of trite statement, but the raft of lagging indicators, the mass (or mess) of so called 'expert opinion' - particularly when it comes to news and data releases and economic outlook prediction, is baffling. Clearly both mathmatical analysis and personal opinion is the subject of contradiction somewhere - depending on what analysis you're looking at or who is doing the forecasting.
So my opening question is "what do experienced forum members find to be the most reliable predicitive indicators and why". Putting this question into context I'm not talking about the usual MA crosses etc., but perhaps combinations of analytic tools
For myself I've looked at trading Delta time frames with. Whilst there is clearly something in it I didn't find the swing dates particulalry acurate or helpful on Cable. Being honest I don't really understand Elliot waves but it seems that these might provide an interesting predicitive indicator. As far a Fibonacci goes I am not convinced that this is anthing more than people seeing what they want to see. OK, I supose that as any market is only a reflection of what the participants to that market (people) believe, expect and react to. So I guess moves aganst big indicators like Fibonacci become something of a self fulfilling prophecy.
I mean one need only look at basic support and resistance - daily pivot points etc., to realise that whilst fundamentals always (well at least nearly always) underpin markets, daily movements seem to be largely arbitrary. Although I conceed that major players moving in or out of a particular currency is anything but 'arbitrary'.
So cutting to the chase, is there anyone out there that rekons that they have found the holy grail of predicitive indicators. And if there is, are you willing to share it with us mere mortals?
Drummer Boy
So cutting to the chase, is there anyone out there that rekons that they have found the holy grail of predicitive indicators. And if there is, are you willing to share it with us mere mortals?
Drummer Boy
What you need is a *Leading Indicator* such as Oscillator Divergence to go with Pivots (another Leading Indicator)
Have a look here :
http://www.babypips.com/school/divergence_trading.html
Hi There, I am new on this site, just learning the ins and out of day trading.
I am currently trying to learn what the heck is a candelstick..and so on....but I'll
get there. Only a matter of time, before I do become knowlegable.
Take care, and glad to meet you..
John
Hi, i am Emmanuel from Nigeria , a graduate of Industrial chemistry and have been trading forex for three years now but became a full time trader late last year and i would say it has not been easy but i am getting along,my trading techniques are basically moving averages and i am open to any help from the community in becoming a better trader.