Technical Analysis.

i think among all the technical equipements, fib levels are the most reliable along with some MAs. because a large number of traders use them to trade which makes it self fulfilling support/resistance. i dont like indicators very much.

Forex technical analysis is useful in determining the future price movements of currencies. Forex technical analysis incorporates a broad range of methods. Support and resistance lines along with trend lines are evaluated on price chart software. Studies such as Fibonacci replacements and Elliot waves can be used to predict future events. Moving averages and custom indicators play a major role and Forex. and also Technical analysis is also needed when trader going to be place his trade.

If your tecnical analysis are welcome. if your analysis is correct then we will follow your analysis daily.Therefore, EUR/USD should be resuming the set of impulsive fall to 1.4030 as first target and continue towards 1.3970.
The best location for placing stop loss, if break in 1.4242 and close up the moving average (200).

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I wanted to ask you that to do this technical analysis indicator of what you used to know the probabilities.Therefore, EUR/USD should be resuming the set of impulsive fall to 1.4030 as first target and continue towards 1.3970.
The best location for placing stop loss, if break in 1.4242 and close up the moving average (200).

In Forex market technical analysis is the best system. For this Without technique you can't gain for this you must be learn about technique so Forex trading analysis is two type one is fundamental and another is technical.

If you don't know how to do technical analysis then one thing I'm sure you will have less chance of making profit and have greater chance of getting MC. Right now I'm trading good and trading well in forex. But its because some how I know how to do technical analysis and if ever I know more about technical analysis I'm sure my earnings will going to increase from 10% a month profit to more than 10% a month profit. This is my goal right now to have more profit each month.

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Originally Posted by oracle

Welcome everybody.

Will start putting first article after 00:01 (June 27, 2011)


@denira

About breakout strategy: it's one of the best strategy had ever seen, but it so difficult and too complex. (Most important to find the trend power from Y = aX + b)

Breakout1 – Waits for a slowdown in volatility and then trades in the direction of the
subsequent breakout. It is very short-term in nature, uses fixed stop losses and profit
targets, and works best in fast-moving markets.



Breakout2 – 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,

however, Breakout2 uses an SSI trend filter to confirm whether or not price is likely
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.


Use Fibonacci in a RANGE trader (it is looks like the trend is falpping going up and down, if you sell or buy for a long term in this period you'll go sure for losing money.

Fibonacci retracement uses to determine accurate psychology level of support and resistance, and playing according to in this kind of period.

About Probabilities: There are alot of calculate to forecast, will be able to see some examples in the future.

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great strategy to follow..
hope this strategy make my trade more consistanly make profits..
good job Bro..

if your analysis is correct then we will follow your analysis daily. i hope you give us good signal.
As expected, the EUR/USD couldn't break the major support level at 1.4100 for that the pair has rebounded on its support, it might resuming to 1.4400. With a 1.4415 minor resistance if won't break it easily then will know a range day between 1.4415 and 14215.

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Originally Posted by slametzz

if I prefer to use a moving average indicator. and use the 1h timeframe. is more advantageous because it is easier. we are just waiting for the cross of the line to open a position.

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to use moving average effective i usually recommend you wait for price to retrace after the cross of the moving average lines and straddle one of the moving averages before entering a trade in the direction of the moving average cross, that way your trade will be less risky and more profitable, but if price does not retrace after the cross (which is very rear) don't beat yourself over the head because it is beta not to trade than to loss money.

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what you just ask is alot of work but you can visit www.********.com . you will find all you need about forex there

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to trade fundamentals is not so easy but if you know the big market moving news and you know what the big player expect from them then you will definitely know what to trade and how to trade them. what you want to do is trade in the direction of the big guys or trade against them when there is a big surprise (note i said big surprise).

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but always remember to keep it simple too

EURUSD looks "gap down" today. View previous pair is trend up then down and looks GAP. this signals a turnaround is imminent, likely tomorrow after today's gap power tested perfectly.

I watch and read news and take attention on issue and news release., to take action to buy/sell
But when take position I'm 100% technical.