Being able to time trades into possible turning points, allow you to time good risk reward ratio, but direction may still be wrong, implication is, you are long on volatility.
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DislikedThis will be my journal of my adventures and research into trading strategies in the forex world. I am simply keeping this journal so that I can look at it after I conducted the trade and also bounce my ideas of how to refine my own trading strategy. If anyone is interested in discussing strategies here, all are welcomed, if you have some new ideas that you want to bounce of someone, you are also welcomed to do so here. I will only post trades if I feel like it, and only if i have time. I have started trading about 2-3 years ago, and during that...Ignored
Disliked{quote} I will follow your thread. It looks promising. I have a question regarding your statement in post #1. In your first post you stated: "Technical Analysis is simply, the analysis of price, time and volume, as spot forex does not have volume, and I am not sure about futures, I don't have a live feed too, so I do not use volume and I do not use futures." TA is indeed the analyses of price, time and volume. Did you come accross CoT to compensate volume? I do suggest to read about how to compensate this missing factor: https://www.babypips.com/learn/forex...traders-report...Ignored