Surely you are all aware that the movers and shakers in the world of FX are the Banks and Hedgies…
They don’t have crystal balls all the time… they have to make decisions based on parameters aswell.
So why not just do what they do?
Trust me, you would be amazed if you knew how totally simplistic their methods are.
Face.
Since this is the “Holy Grail” forum, statements like what you just made are accompanied by a strategy.
Let’s see what the “big boys” do.
Like i said…simplistic.
Less is more.
Plot the pivs, fibs, major S/R
watch out for the DT and DB formations.
and away you go.
Presume he meant Double Top and Double Bottom.
Those two statements are somewhat contradictory.
If you are a mover and shaker, you don’t need a crystal ball.
Faceman
January 25, 2011, 12:52pm
7
Master_Tang:
Those two statements are somewhat contradictory.
If you are a mover and shaker, you don’t need a crystal ball.
Sorry, that mute point was made by the way of Irony… of course Crystal Balls don’t exist.
In the real world, any way
[I]n.b - apologies for jargon, but yes DB double bottom DT double top[/I]
Don’t be forgetting triple top and triple bottom.
bidie
January 29, 2011, 2:36am
10
They make the rules so you have to be able to anticipate their moves-
-Seems easy enough but can be tricky until you really get the hang of it I have found…
Yes, the differences are money and money management.
bidie
February 2, 2011, 6:22am
12
So what is a good money management approach that you can recommend?
Thanks in advance-