monthly, weekly, it all looks like its down trend to me

EURUSD

im bearish too right now, overall the EUR/USD is entering a bear market. the average 5 year price of the Euro is 1.3716 the average yearly price has been 1.3188 the 6 month average price is 1.3536 1 month average 1.3588 weekley average 1.3617 todays ...

EURUSD

i beg to differ support are/should be the same in all time frames take a look at different time periods, if there is an area where price has bounced back more than twice thats ur support. what might look like a skinny leg of a candle stick hitting ...

Support level - Question

scaling in your trades can be very profitable and minimize your risk. i like to do it in 2- 3 parts, and it has helped my trading tremendously 1 i find it easier to wait for a good set up when im already sitting on a profitable position 2- keeps me ...

quest for Forex knowledge, humble request for assistance

lets say you are doing the 1 hr chart ( the sistem works the same way no matter what time frame you use) The 1 hour chart you can combine it with other indicators if you want or use it alone, its up to you. i like to complicate my life but seems to ...

quest for Forex knowledge, humble request for assistance

well. in order to be succesfull in the market you have to IDENTIFY THE TREND.' correct. and recognize areas where the price might be acting different or changing the current trend correct? moving averages are lagging indicators and yes, they do ...

quest for Forex knowledge, humble request for assistance

just exited my short position, selling pressure appears to be dwindling will, await confirmation for reasumption of uptrend towards 1.38

EURUSD

I got the psycology down: that i'm sure of. trade like its not real money. if you lose all your cash.....who gives a sh**, i just want to make the right decision, dicipline in your technique, analyze yourself, have a plan. always ask yourself why ...

Best Trading Psychology Books

im going long till 1.37000 looks like a rounded bottom from the 1 h chart and the daily found support at roughly 1.35 and seems like its on its way up.

EURUSD

Time to put my strategy into action — Browsing through currencies, i found the AUD/CAD with the perfect set up and confiramtion, to test my new found strategy Price seems to be bouncing of the bollinger bands with no prevailing trend in the ...

Red Lions Trading Journal

if for example you take the 1 month chart and you track price movement. i decided to use 3 moving averages but not to do any resistance or support or cross over rules non sense but to obtain the average price of the currency for that time in a all ...

quest for Forex knowledge, humble request for assistance

different tactics — First things first: i need to focus on one thing in my trading first and that is the most fundamental of all. Identifying the trend. 1 theory number one on ways to identify the trend will be to look at the charts in ...

Red Lions Trading Journal

i just had a eurika momment — I have been thinking about FOREX and Stocks for a long time and I just had an idea. simple, SO simple in fact, that it just might work. i havent tried enough yet to pass the test , but believe me it makes more ...

quest for Forex knowledge, humble request for assistance

thats why i think trading beats investing you get in you cash in you get out

Crash of 1929 vs. Today

i would love to see you posting your rationale for taking the trade, and where you took profits, where you panicked where you waited too long. in other words not just results but the process, it would help a lot of people as well as yourself, to see ...

Trader32 Scalping & Swing Journal: £10,000 goal for 2011

ire is in bollinger squeeze, and covering a bullish gap watch for break out, i in half ways and will add on confirmation BAC i like it after the double bottom, respected fib retracement and support and now i think my resume upwards its stalling for ...

How to find the right trending stocks?

i find forex a lot less predictible than stocks in the stock market i came up with a calculation that works so neat in 2 ways either it gives me the lowest low of next day or by divergence from price signals me if the day after will close higher or ...

Is 90% of TA useless?

real life example; just now with the euro/usd right before the european open, the euro was over sold i thought with parabollic SARS on the bottom major area of SUPPORT with fibonacci retracement 23.60% stochastics upwards MACD with momentum upwards ...

Help for Newbies (Discussion Thread)

same goes with stocks, any equity market let me ask you, what keeps prices from moving through a line drawn on the chart? nothing support is not support, its the area where people collectively decide to stop selling and begin buying resistance is ...

Help for Newbies (Discussion Thread)