That`s is not good enough or either the way to be considered as A Trading Strategy. This is just guessing the play as possibles. A strategy is reliable and constantly profitable way of Trading the Derivative Bud so kindly wake up - More refreshments needed one can only imagine.
Ok Point taken will look it up to see if works. Oh appears to contain A 60MA and some Levels not bad if its given you so much profit from its usage.
Learn price action analysis if you want a profitable approach to the forex market. Study market structure, supply -/demand -/support -/resistance zones, trend and momentum etc. Maybe look at EMAs and trendlines for secondary analysis. How you trade based on these factors is up to you. If you want to day trade, I recommend that you study one currency pair to begin with. Look for patterns at certain times of the day and find ways to trade these patterns. Best regards Henrik Thorstensson
Have you looked at my Current Spot Price Analysis regarding the EuRUSd or GbPUsD Pairs quota found at this site - As to be of reliability towards - Either Entering A Trade or as of further charting evaluation. I know that your own site dose provide additional resources as of the starter courses.
Hello piplord (great name), as an exercise look at the most common traded time frame for daytrading say 5min. Then look at a favorite indicator and see what would happen when doing the opposite of what most would do.
If problem centers around placing 2 many trades that are unreliable check out my comments at this site threads on EurUsd Or GBpusd Pair as of current reliability Price is produced at so much accuracy as in bang on the pip - You will find the Pairs have use the Support Levels as Allocated just fine - with targets and take profit marks surrounding the entire structor of the investment plan.
To work on different currency pairs for trading is not an easy task but do not try it with real money until you have done it with a demo account and practice for it.