Indicators show the past. Price Action "Indicates" the future.
just wanted to register my presence on this wonderful thread and to thank all the pros for making newbies like me feel welcome. i have been burning the midnight candle to ensure that i go through this enormous thread and will start posting my amateur charts soon....
once again, many thanks to james16 and co for this thread.
DislikedIndeed! No better purpose!
C'mon...buy some EURUSD with me - you can do it...c'mon![/quote]
Went long off the daily DBLHC, still in drawdown at the moment, beginning to wonder. http://www.forexfactory.com/images/icons/icon8.gifIgnored
Dislikeddow and E/U drops by ~ 50pips over the past hour...
feel like some panic leaked news???Ignored
You will drive yourself nuts both mentally and trading wise if you try to figure out why the market moves. Most of us stick to just reading the chart. It takes so much of the guess work out and trying to overthink the real simplicity of the markets. As James says, he ignores the news like the plague. I am in 110% agreement as I usually am with the big guy
Dislikedthanks mike... what puzzles me is no news in past hour,
but it happened that in 4 markets, E/U, U/Chf, stocks (and oil?) there are correlated big moves... which look werid.
and price action seems to be a sudden response instead of a planned.
how sure how to trade this moves... or exit and wait?Ignored