It is about 2 1/2 months that I just added Froex trading as a part of my trading portfolio. It is fun and seems that just candlesticks with using major western trend lines are working well ..Just do not know if it is just me or everybody has the same feeling. Play it Safe, Zia
Major western trendlines? As opposed to eastern trendlines using the candlestick bodies as pivots? What's a western trendline?
there will be periods when something is golden and you will think the markets will adhere to it. but over time you come to realize there is chaos, and its how you take advantage of it that matters.
Spectre2007. After demo'ing I'm just developing enough confidence in my system to go live tonight (11pm Los Angeles= London open) trading GBP/USD and you're telling me my edge could evaporate into chaos at anytime?
Precisely... The markets change personality from time to time. 2 basic types, trending (whether up or down) and sideways. If you look at currencies enough you will see that they will trend then go sideways then trend again.... if you trade closely, you will see/sense the changes.