Hi Everyone.......
I am starting this thread / journal for my own records and to keep track of what is really going on in the markets....
I suggest that all one needs to do to win... is to read volume/ price ....and sometimes use support and resistance.
just where is the next 90+pip move.....we can see on charts that there are several every week in each pair.
can we pick the next one...can we pick the direction.
I also believe that news reports are used as catalysts to profit taking.
I am not really interested in using any other indicators at all. no macd. no moving averages...no stochastics...etc...nothing....except horizontal lines ...maybe a trend line once in a while and volume of course
I suggest that we can pick the next big move with nothing more than reading :
1. volume ( the herds of sheep)
2. price (where lemmings are led to)
and possibly
3. maybe some support or resistance and
I am fully open to discussion of how volume can be read.
I am hoping to learn much more.
since I work full time and shift work I don't get to trade all that much. but it doesn't mean I can't discuss and learn more @ volume / price trading.
I am starting this thread / journal for my own records and to keep track of what is really going on in the markets....
I suggest that all one needs to do to win... is to read volume/ price ....and sometimes use support and resistance.
just where is the next 90+pip move.....we can see on charts that there are several every week in each pair.
can we pick the next one...can we pick the direction.
I also believe that news reports are used as catalysts to profit taking.
I am not really interested in using any other indicators at all. no macd. no moving averages...no stochastics...etc...nothing....except horizontal lines ...maybe a trend line once in a while and volume of course
I suggest that we can pick the next big move with nothing more than reading :
1. volume ( the herds of sheep)
2. price (where lemmings are led to)
and possibly
3. maybe some support or resistance and
I am fully open to discussion of how volume can be read.
I am hoping to learn much more.
since I work full time and shift work I don't get to trade all that much. but it doesn't mean I can't discuss and learn more @ volume / price trading.