yes , technical analysis is best but it is only valid for short term , if you want earn good money in long term then you should use fundamental analysis also with technical analysis , it will make your signal strong .:)
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know the probabilities and the breakout is simply using fibonaci level or are there other indicators?
Gbpusd:
The price is above the ema 50 look at the chart:
The price is still trapped bewteen two strong level.
Support: 1.5200.
Resistance: 1.5350.
http://store2.up-00.com/Apr13/emY36961.png
Signals:
Long buying above 1.5200.
With a first target 1.5285 then it will be gone towards 1.5340.
A stop loss should be placed below 1.5170.
Short selling at the level of 1.5350 and the SL must put on the point of 1.5400.
---------- Post added at 11:04 PM ---------- Previous post was at 10:59 PM ----------
Technical analysis are pure technical aspect of trading, it is somehow virtual but accurate enough to make money. <=> Technical analysis we use such as indicators or formulas in order to find the accurate forecast on the chart.Fundamental technical is the REAL aspect of trading because the market moves accourding to it. <=> Fundamental technical we use signals depend news and what is happening in the world of problems and political acts. But it should always note that you must cobiine between them on your trading forecast.
---------- Post added at 11:09 PM ---------- Previous post was at 11:04 PM ----------
Fibonacci Retracements are the levels with a High probability of trend break or bounce, calculated as the 23.6%, 32.8%, 50% and 61.8% of the trend range.
We can add other ration on our Fibonacci Retracements on chart suh as: 78% 88% and 11%.
Fibonacci retracements use to determine supports and resistances, and trapping according to in this kind of period.
It also used for a range because High price - Low price equal the range.
By this useful indicators we can find the average value because: (High + Low ) / 2 = 50%Fibonacci Retracements
A breakout strategy that looks to go long when a currency pair breaks above
its 24-hour trading range, short on a break below. Unlike a raw channel breakout strategy,
---------- Post added at 11:33 AM ---------- Previous post was at 11:29 AM ----------
t is very short-term in nature, uses fixed stop losses and profitA breakout strategy that looks to go long when a currency pair breaks above
In my view, we build should really always be our case, we may update or update our analysis with some of the categories or we could see a new strategy despite using the same indicators as well. Thanks
to continue in the direction of the breakout. It opens a trade with five units
and staggers entries and exits according to a pair’s Average True Range.
---------- Post added at 02:07 PM ---------- Previous post was at 02:00 PM ----------
Use Fibonacci in a RANGE trader (it is looks like the trend is falpping going up and down,
Fibonacci retracement uses to determine accurate psychology level of support and resistance, and playing according to in this kind of period.
---------- Post added at 02:44 PM ---------- Previous post was at 02:32 PM ----------
About Probabilities: There are alot of calculate to forecast, will be able to see some examples in the future.
technical research is best but it is only authentic for short-term , if you want generate affordable money in powerful then you should use essential research also with technical research , it will make your indication strong
In my view, it is the personal character of each trader. Traders technical users never explained., That did not affect the technical fundamentals. because prior to the occurrence of large price movements. has been no confirmation of my analysis chart. Thanks
Thank you brother on topic most wonderful terms of its importance
That's where technical analysis of the most important steps that must be learned
Rolling beginning ................