Hi everybody!
Since it's my 1st post here I'll write few words of why I began analyzing fx options markets.
Mainly I was in search of a trading edge and finding a way to predict where markets are heading before the move happens.
Most of analysis done by an average trader or pro broker analysts lean on technical indicators, moving averages and shape of candlesticks at a different time frame (like now very popular price action strategy).
This is all fine yet all this is based on what markets have done in the past - even if past is a minute ago.
What I was trying to come up was a methodology that would be based on analysis of markets to get an edge where price will move in markets before the move even happened (or is it in the initial stage of the move).
In a way you could say I'm trying to come up with a reliable predicting indicator instead of using historical indicators like RSI, MACD, SMA or EMA.
Ask yourself - if most of traders are using same stuff (reading same fundamental news, looking at same technical charts, drawing same Fibonacci retracements levels...), to come up with more or less same opinion where price is headed...
...is it not to be expected that these same traders are destined to lose money?
Where is the edge doing same thing as 95% of others?!?
Wouldn't it be a way to become a long term profitable trader by using analysis that wouldn't rely on technical indicators telling you what happened in the past BUT trying to come up with an analysis that would be based on what will happen in near future - like 1h, 1 week or 1 month from now?
Well not to get carried away, I've been investing lots of time doing fx options analysis and finding high confidence patterns that are proving to be profitable above my (humble) expectations.
This is the reason I'll share my analysis (also) here - inside a great ForexFactory community.
You're also welcomed to read my past 50+ fx options analysis posted on my blog at http://FXoptionsANALYSIS.com
that were also the reason why I received title of a verified analyst on another forex forum.
Still I'll keep modest expectation and will say that "...past performance is NOT indicative of future results..." so let's keep expectations realistic and see how my analysis will do in time.
Since it's my 1st post here I'll write few words of why I began analyzing fx options markets.
Mainly I was in search of a trading edge and finding a way to predict where markets are heading before the move happens.
Most of analysis done by an average trader or pro broker analysts lean on technical indicators, moving averages and shape of candlesticks at a different time frame (like now very popular price action strategy).
This is all fine yet all this is based on what markets have done in the past - even if past is a minute ago.
What I was trying to come up was a methodology that would be based on analysis of markets to get an edge where price will move in markets before the move even happened (or is it in the initial stage of the move).
In a way you could say I'm trying to come up with a reliable predicting indicator instead of using historical indicators like RSI, MACD, SMA or EMA.
Ask yourself - if most of traders are using same stuff (reading same fundamental news, looking at same technical charts, drawing same Fibonacci retracements levels...), to come up with more or less same opinion where price is headed...
...is it not to be expected that these same traders are destined to lose money?
Where is the edge doing same thing as 95% of others?!?
Wouldn't it be a way to become a long term profitable trader by using analysis that wouldn't rely on technical indicators telling you what happened in the past BUT trying to come up with an analysis that would be based on what will happen in near future - like 1h, 1 week or 1 month from now?
Well not to get carried away, I've been investing lots of time doing fx options analysis and finding high confidence patterns that are proving to be profitable above my (humble) expectations.
This is the reason I'll share my analysis (also) here - inside a great ForexFactory community.
You're also welcomed to read my past 50+ fx options analysis posted on my blog at http://FXoptionsANALYSIS.com
that were also the reason why I received title of a verified analyst on another forex forum.
Still I'll keep modest expectation and will say that "...past performance is NOT indicative of future results..." so let's keep expectations realistic and see how my analysis will do in time.