Locating a strong support is easy, but locating the strong resistance level seems to be more difficult. How do you go about doing that? Sometimes you run the risk of cutting your winners too short because you closed at a resistance level that was ...

With regard to what is possible through analysis, what is a good time to enter when you know something is trending, and a good time to exit when you there is a strong probability the trend is over? I am thinking that a good set up for entering a ...

Oh looks like there was a thread recently about this topic: url

Some of you are in binary mode. Forex is not completely random nor completely 'not random' from a trader's perspective, remember a lot of the time a trader can correctly predict the direction of the trend but still fail due to poor entry timing, ...

Markets are also moved by fear and greed based on chart patterns and price action, which gives some technical analysis validity.

I think any sensible trend following system will work provided the market is actually trending. When the market is not trending, do not trade a trend following system or else you will lose money. Part of being a good trend trader is figuring out ...

Not a good idea to go long my friend

I like this observation, as I find myself taking profit and missing a major move at times, thinking at the time of taking profit that I will "just get back in" if it starts to move in my direction again, though due to whatever factors psychological ...

good post, as with all endeavors intention is of the utmost importance.

Here is my input, I will offer some arguments for both views. Forex can be viewed as immoral for two reasons: a) it is gambling and b) transactions do not provide a good or service to anyone. The first one is easily dismissed because not all Forex ...

I wonder what kind of stop and trailing stop sizes Jacko prefers? I am the kind of guy who likes big stops so I would have a 100 pip trailing stop on EUR/USD, I am going to try this anti-hedging method as it seems to be a good idea if you use big ...

Thanks for these explanations!