Fibos sucks!!! It doesn’t work for me. I star using it with RSI and it was like a distracting figure in my chart.

Fibonacci does work?

I prefer to trade during banking hours. The majority of the trading volume enters the market during these hours. Most breakouts and breakdowns also occur during these banking hours. So I try to look at these points.

New trading day times

Candlestick patterns are like any other technical support. It can be useful in many ways but you cannot rely you decision on just that indicator. You can use MACD or RSI and look at the candles. If that tells you to buy, well just do it.

seriously do candle patterns works...

That depends on what margin requirement you've set up for your trades. But if you are not using a low trading leverage you can lose a lot of money. Most traders recommend that you should not trade more than 10% of your account at one time. I haven’t ...

Some questions from a real newbie

I think when taking a position for long term you should take a look at the daily chart to form an opinion of the market trend and use that for the shorter-term decisions. For example if you see the daily trend as up, look for buys on the intraday ...

Trading Day vs Trading Trends

Yeah!!! I understand what you say. That was a lazy answer but a very smart one. My point is that something went wrong in this chart which it’s not mine. I want to know everybody’s opinion. I just wanted to know some answers to learn about what went ...

Why Indicators will help you

Day traders will typically take positions for a few minutes up to a few hours, and day traders usually don't hold positions overnight. They will also usually use very short-term charts such as the 15-minute charts. Swing traders may take a position ...

Trading Day vs Trading Trends

One of my rules is to stay away from news releases but to take advantage of their effect. I don’t predict the effect. I prefer to ride the wave that news creates. With some indicators and various technical parameters I judge stop/entry points

Anyone trading news here?

I don’t think congress will allow all the stupid things Bush is trying to do with our money. But what I was to point out is the passivity in all Americans. It’s like no one knew about the financial crisis. The people who should be doing something to ...

'Financial Terrorism!'

LOL!! Ok…You are the best…But I wanted you or anyone to give me an opinion about the case. I’m studying Mate! If you know everything you can do two things: step aside and be the smarter one or just share you knowledge. But for a guy who are suppose ...

Why Indicators will help you

News Trade? Why you want to trade news? That’s too risky. There are some firms that allow you to do that craziness. For example Tradeview has a gadget which shows you the most important news during the day. I think that is great. But my advice is to ...

Anyone trading news here?

What went wrong? — Hi, Check this out…A long position (blue triangle) at around 9:AM because the pair was bouncing off the lower bolinger band and off the trendline (shown in yellow). The RSI bounced off the oversold line too. The stop loss ...

Why Indicators will help you