Dislikedye , but the best tool and most important thing for me is Money management
Fundamental i think Bernanke and the big boys are playing games and will keep the market stagnant for now in the 1.3300 - 1.1329 rage (lama market)Ignored
Im going to share this with you. I finally get it. I only LISTEN TO THE CHART nothing else. I dont care about NFP, BEN, USD, EUR, CHINA, ANALYSTS etc etc etc etc - I ONLY LISTEN TO THE CHART. Its hard to do, it took alot (it took years actually, its a process) to ignore everything and just focus on the chart. But I finally Get it.
Patience and Listening to the CHART is all I do. Nothing else matters. Money Management is key, its like the first lesson one should learn and truly get.
I was short when the room was saying LONG and I listened to the chart, remained patient and bagged 60pips - why ONLY 60 pips? because The market then said, GO LONG so I immediately closed the trade regardless of how much I was making and obeyed. Now Im long. SIMPLE, but its not easy to do. Now the room is saying SHORT, but the market is saying LONG.
Me being in the room is to share what Ive learnt, not to pursuade anyone. I let the trading do the talking.
Keep up the good work