i know 4 hour charts took the entire day to give a possible direction, but even then its extremely low volumes.

Cable Update (GBPUSD)

chill guys avoid trading in low volumes in holidays, u might only burn something.

Cable Update (GBPUSD)

I wonder who is trading GBPUSD in a holiday session, approximately same # of buyers and sellers on daily, no wonder its not moving its butt. Oh by the way, I used monthly fibs here to show how they work.

Indicator Free Trading - Skunny

I actually took the trade in post #635 on Live a/c But then, this thread is for learning only, not live trades.

Indicator Free Trading - Skunny

True, on a Monday morning we should wait for London session atleast for the markets to set a direction first.

Indicator Free Trading - Skunny

But then, I did forget something here, something very important. Taking previous month's close value if i start going down, then we are currently between -610 and -987, which means GU can trend down to -987 level. Now we take a major fundamental ...

Indicator Free Trading - Skunny

So if we take fib levels as support / resistance levels, which help in figuring out trade exit and entry levels. Its the number of Buyers and the number of Sellers which does the job of giving us the trend exactly same as COT (committee of trading ...

Indicator Free Trading - Skunny

ake for example, on a monday morning at 4:16 AM Indian Standard Time On 1 hour GBPUSD charts we have 476 Buyers and 348 Sellers currently, which means the trend is obviously up. Since we already know with experience that GU follows weekly fib ...

Indicator Free Trading - Skunny

if the fib series is 0 0 1 2 3 5 8 13 21 34 55 89 144 233 and so on then the trade pattern becomes prev close +34 prev close +55 prev close +89 prev close +144 and so on similarly prev close -34 prev close -55 prev close -89 prev close -144 in pip ...

Indicator Free Trading - Skunny

ratios are 61.% 38.2% and do on series are numbers.

Indicator Free Trading - Skunny

Fibonacci numbers are a sequence of numbers named after Leonardo of Pisa, known as Fibonacci, whose Liber Abaci published in 1202 introduced the sequence to Western European mathematics. That is, after two starting values, each number is the sum of ...

Indicator Free Trading - Skunny

Ooops, I totally forgot about this thread. The xpma settings are: ma period 13 ma type 6 to use the xpma indicator the t3ma indicator file should be present in the indicators folder also. The use of this method is purely to get current market ...

forexlion -- GBP/JPY (trend readings)

using fibonacci for trading is no child's play, it requires a lot of understanding and hard work. each currency pair follows a different fibonacci pattern, the main problem comes when we try to use the same pattern for all currencies and when that ...

Indicator Free Trading - Skunny

Looks like GU is headed all the way down to 9571 levels. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

You do not need 10 thousand indicators if you know how to read price action. A simple resistance / support level does the job. In over 18 months my profit chart has gone in only 1 direction, consistently.

Indicator Free Trading - Skunny

GOLD is best traded on 4 hour charts with Murray Math set to use current chart period instead of the default setting. Modify the murray math indicator as given below: ------------------- int init() { //---- indicators MMPeriod = Period(); ...

It's about gold now!!

Monday opening EURUSD trade will be 1.4897

Bash that system!!!

None at all, I do not use excel or bars GBPUSD opening trade on monday will be 2.0669 as per northfinance servers. Ask me for Monday trades for any pair and confirm the same in 24 hours.

Bash that system!!!

Monday trade will see Gold at 839.83 as per northfinance servers, this value varies as per trading platform, based on math calculations.

Bash that system!!!