Am looking for new ideas for trading system.What technical analysis do you use. I read at forexpros and trade2win and got few suggestions but still can’t find things I’m comfortable with.
You will notice a common theme in these threads: they focus on support/resistance along with price action aka the behaviour of price itself. This is in fact all you need to get an edge and trade well.
I agree with what everyone else said, and as a further edge I like to use multiple timeframe analysis. If a trade makes sense and looks good on multiple time frames, that’s an edge in itself. I only work with 2 to keep it pretty simple. I have the hourly and 5min open all the time, and I have an idea what the daily looks like too.
Hi guys! Haven’t written for a long time So let me join in this thread
I am subscribed for Cesar’s blog on fxstreet. I am also reading analysis on trade2win, forexpros and others.