on my 4h chart g/u is just touching the rsi50 line the other 2 indicators have just started facing up, is this a good setup to go long? if not why?
this is the first time for me to insert pic., so sorry if it offends
this is the chart to my earlier post
Mr. hello,
it would be very good help if u gould kindly post your trades with your analyses so your proteegees could get a view of your wisdom n maybe your aura can rub on to us, just a sugestion, let your will be done
it took me two years to understand that these are not the indicators which move the market but vice versa. So it is a sure thing that in technical trading some times person is right but his system proves to be wrong and some times system is right and person proves to be wrong so this way game goes on. simplicity is key to success and just acting where it is requires may be entry or exit. Nothing can be predicted. I can just tell you to make any system but the difficvult part is to live by its rule irrespective of profit or losses. This chaotic game really frustrates. Trade one pair and concentrate only on two time frames.
[B][I][U]KEEP YOUR CHARTS AS SIMPLE AS POSSIBLE SO THAT YOU CAN SEE SOMETHING THERE INSTEAD OF BEING LOST IN THE COLOURS AND ZIGZAGS OF INDICATORS[/U][/I][/B].
pls draw a trend line on G/U from top 23/01/07 12.00hrs TF 1h u will notice that the trend line is broken but also a new upward candel is born, can u make some analytic sense out of this trend line break n pls advice me if it is a signal for a long term long or is it some fizz? i m following you so i m dependent on your advice in this matter
I am glad I have found this thread, and will spend the next day or so reading and re-reading. Thankyou HELLO, for this and to all the other contributors.
I have ben sitting for hours at my desk, testing to systems, 15 minute and 5 minute charts. I hate it, it is driving me crazy, I wanted to leap out of the window, and trash my computer. On the other hand, I have twice now placed my own trades, and held them for 5/6 weeks or more, it suits me much more. I feel there is more to life than staring at a screen going mad. I will try this, if I can understand it, and report on my results. Once again thank you all.
chris
i beleive in simplicity and has concluded that its is the swing trading that is profitable in larger time frames. sorry for being so long away.
i am now a days using only two time frames and only two indicators
Please visit my thread at link below where it is going very well
Weekly Charts Trading system-picking tops and bottom @ Forex Factory
I am a newbie, can yu be more specific re: #'s of parameters? Where to enter please?