I am wanting to learn a method to trade Forex using Price Action, horizontal support and resistance. Also I am seeing all these indicators over charts and I just can't seem to read them for all the lines all over the price. After all are these indicators all price data anyhow? I am wanting to learn to Daytrade and eventually do more longer term trading, but right now I want to be able to open a trade and close it the same day. Can anyone suggest any threads that focus on Scalping or short term trading using Price action and as little indicators as possible. Can it be done? Also what about using Fibs? I am so confused and just can't seem to put all the info together to work out my system. I just know that I want to focus on PA and Support and Res and Keep it simple with confusing myself. Also how can I learn about intrepretting the fundamental stuff in also, eg... what makes the market move, what should I watch, what news etc affect the prices and how do I determine which direction price may travel based on this.
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