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I prefer to use technical analysis and focus on it than use fundamental analysis, technical analysis give mw a large view about market movement and what kind of movement will be happen in the next, fundamental analysis just give me a while price movements :)Quote:
Originally Posted by abayomi kolade
hello I totally agree with you, but to be a successful Forex trader, you need to combine technical analysis and fundamental analysis . that's what i think about your topic.Quote:
Originally Posted by oracle
Yes this method is a good one becouse it shows all the resistance and support on every currency at any given period of time
EURUSD Signal For >> 16/10/2012
It should be noted that is possibly, the price will be trapped between: 1,3188 and 1,2688 this week.
Strong Levels
1,3139 1,3067 1,2987
1,2739 1,2800 1,2913
Monthly signal:
In the point 1,33 a strong Resistance will be formed. We can sell in it with target between 120pips to 200pip.
In the point 1,26 a strong Support will be formed. We can buy in it.
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.
I also agree with this post, but keep in mind to be able to master both technically it's not an easy thing to learn, and exchange experiences with others who are more experience about it ...Quote:
Originally Posted by Spartakus
You are awalys welcome at this thread. About how to master forex you need to be very understanding at two kind of technicals at least that lies in: technical analysis and fundamental. There some traders that are using only fundamental and following news at bloomberg Tv or on the world web web. But mots of traders are using only techincal analysis and looking the charts to get signals and recommendation by using some of indicators such as Fibonacci, Macd, rsi, ..etcQuote:
Originally Posted by MarwanDalimunthe
I have anaisa this, when we will do the installation or trading, we must first look at the chart first tends to fall or rise. if the graph in the previous day's ride we can be sure the next day riding ... but still must be careful - careful ......
---------- Post added at 02:43 PM ---------- Previous post was at 02:36 PM ----------
use a stop loss there pros and cons. if at the time of the stop loss and then there is a reverse flow resistance when dropped is actually still pretty and then reverse and then we finished the actual profit or loss. fitting ti no regrets ....
Welcome to forum @oracle bro. If your analysis are welcome. if your analysis is correct then we will follow your analysis daily. i hope you give us good signal. good indian work like
Hello brother and you are welcome too at India forum. For sure I enjoy sharing signals with all member. My Signal for October 17; 2012 is for Loonie USD/CAD. The pair is going decline to retest the support at 0.9703 then we can rebuy again at this level of 0.9703 with three traget that will be lies in 0.9760 as a first target then 0.9825 then will rise to the top of the last week at 0.9885 then we can take profit in it. In other hands, if the level of 0.9700 has be broken successfuly then we have to set our stop loss at 0.9675.Quote:
Originally Posted by robiul alam