In this thread I invite you to take under consideration different aspects of the trading. For the 10 years of trading experience I have found some regularity of currency pairs behavior.
In my trading decisions I use Fibonacci levels (Fibo) and candlestick analysis. For Fibo I use: 23.6; 38.2; 50; 61.8; 76.4; 100; 123.6 and 161;8 levels.
Fibo helps me to identify the targets for the support and resistance leaves. Like here on the picture we see that the EURUSD touched 1.4218 that is the 23.6 retracement level of Down movement from 1.4546 to 1.3143.
http://www.forexfactory.com/attachme...1&d=1319831241
This is the first signal for searching sell position. Now I will wait until the price will go back to the 1.4246.
http://www.forexfactory.com/attachme...1&d=1319831241
If the EURUSD will go further up, than I will do nothing. But If EURUSD will go down I will definitely go short.
In my trading decisions I use Fibonacci levels (Fibo) and candlestick analysis. For Fibo I use: 23.6; 38.2; 50; 61.8; 76.4; 100; 123.6 and 161;8 levels.
Fibo helps me to identify the targets for the support and resistance leaves. Like here on the picture we see that the EURUSD touched 1.4218 that is the 23.6 retracement level of Down movement from 1.4546 to 1.3143.
http://www.forexfactory.com/attachme...1&d=1319831241
This is the first signal for searching sell position. Now I will wait until the price will go back to the 1.4246.
http://www.forexfactory.com/attachme...1&d=1319831241
If the EURUSD will go further up, than I will do nothing. But If EURUSD will go down I will definitely go short.