The Basics | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Back to basics or information overload? 12 replies

Tutorial style book for technical basics? 2 replies

Currency Trading: Understanding the Basics of Currency Trading 0 replies

Starting from the bare basics... 3 replies

Options & futures basics 1 reply

Attachments: The Basics
Exit Attachments

The Basics

  • #61
  • Nov 3, 2019 7:43am Nov 3, 2019 7:43am
I will start posting live trades in here using the indys i will post entry stop and a realistic tp feel free to tear the trades down
Turn your wounds into wisdom
  • #62
  • Nov 3, 2019 7:46am Nov 3, 2019 7:46am
Quoting Macd-rsi
{quote} since I was newbie then later I was beginner then later I was intermediate then later I was advanced then later I was theories-maker then later I was nothing then later this morning I read this thread Fibos!! 2 days ago I discovered the cure of fibo troubles "Theory of inclined fibo" for example GBPUSD, you expect to retrace from fibo 61% -- but later he reach fibo 65%! actually this fivo 65 is actually fibo 61% if fibo lines are inclined to some degree upon justified reason. regarding title: basics are mathematics of forex, not MAs(something...
thanks for input good points there that add value
Turn your wounds into wisdom
  • #63
  • Nov 3, 2019 7:59am Nov 3, 2019 7:59am
Quoting Macd-rsi
they build fibo on Horizontal S/R I build advanced fibo on trend lines (inclined line) both help together ask your self why prices pass 61% by few pips (say 35 pips at fibo 67% for example) then drop heavily !! actually it reaches 61% - but on trend lines--something seen by hearts, not by eyes.
of topic this i use a macd but i pay more attention to the histogram
Turn your wounds into wisdom
  • #64
  • Nov 3, 2019 8:04am Nov 3, 2019 8:04am
consider inclined fibo lines
imagined as a trend parallel lines
I am working on!! may it work out

regarding Macd--I believe only in opposite cross-I explained in full detail here:
https://www.forexfactory.com/showthread.php?t=952162
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #65
  • Nov 3, 2019 8:13am Nov 3, 2019 8:13am
Quoting Bk55
{quote} I think you should reconsider your TP your trading into a brick wall by not looking at larger time frame Can you see the monthly support ? why would you target a few pips under that monthly support with a daily entry {image}
If the trade gets near this area I will of course be managing it. I analyze, trade and manage one time frame without regard for higher or lower time frames. I do not participate or subscribe to the dogma surrounding multi time frame analysis.
Freedom is not free
  • #66
  • Nov 3, 2019 8:21am Nov 3, 2019 8:21am
Quoting Abe16
{quote} If the trade gets near this area I will of course be managing it. I analyze, trade and manage one time frame without regard for higher or lower time frames. I do not participate or subscribe to the dogma surrounding multi time frame analysis.
You are right and in short we will have here a showcase what easily found here on thousand of pages. If it make sense or not, what the herd suggest must be right? It is no secret that so many new trader lose inital capital. For me is clear why and i also must this point realize after lost money.
Perfection is the enemy of good enough!
  • #67
  • Nov 3, 2019 8:26am Nov 3, 2019 8:26am
EURUSD Daily
Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-11-03 at 7.23.45 AM.png Size: 280 KB
Freedom is not free
  • #68
  • Nov 3, 2019 8:26am Nov 3, 2019 8:26am
Quoting MichaelSch
{quote} You are right and in short we will have here a showcase what easily found here on thousand of pages. If it make sense or not, what the herd suggest must be right? It is no secret that so many new trader lose inital capital. For me is clear why and i also must this point realize after lost money.

simple monthly fractols pointed the support out
Turn your wounds into wisdom
  • #69
  • Nov 3, 2019 8:30am Nov 3, 2019 8:30am
Quoting Abe16
EURUSD Daily Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart. {image}
i have been watching mate we had a weekly 50% swing pb followed by a bearish inside bar but no follow through yet
also you need consider that your short UJ meaning your seeling the dollar and short EU buying the dollar
Turn your wounds into wisdom
  • #70
  • Nov 3, 2019 8:32am Nov 3, 2019 8:32am
Quoting Bk55
{quote} simple monthly fractols pointed the support out
Do you trade the monthly chart? Waiting for months building a setup? Sorry for a new trader who are will to learn trading it is long time. Before the first setup is building he is eventually old, no clue what if the first setup was not good. Must tell the childs watching the next. Also no good advice here.
Perfection is the enemy of good enough!
  • #71
  • Nov 3, 2019 8:34am Nov 3, 2019 8:34am
Quoting MichaelSch
{quote} Do you trade the monthly chart? Waiting for months building a setup? Sorry for a new trader who are will to learn trading it is long time. Before the first setup is building he is eventually old, no clue what if the first setup was not good. Must tell the childs watching the next. Also no good advice here.
pointless reply try being constructive
Turn your wounds into wisdom
  • #72
  • Nov 3, 2019 8:36am Nov 3, 2019 8:36am
i always do my analysis on monthly first then down
Turn your wounds into wisdom
  • #73
  • Nov 3, 2019 8:37am Nov 3, 2019 8:37am
Quoting Bk55
{quote} pointless reply
Give simple what you mean a newbie can start with. Explain it more in detail, so we can see.
Perfection is the enemy of good enough!
  • #74
  • Nov 3, 2019 8:38am Nov 3, 2019 8:38am
it not rocket silence if you enter on daily you should be looking at weekly monthly direction
Turn your wounds into wisdom
  • #75
  • Nov 3, 2019 8:43am Nov 3, 2019 8:43am
Quoting Abe16
EURUSD Daily Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart. {image}
its non farm this FRIDAY IT might give a good entry on EU a whipsaw
Turn your wounds into wisdom
  • #76
  • Nov 3, 2019 8:49am Nov 3, 2019 8:49am
Quoting Abe16
EURUSD Daily Price is in an area where I believe sellers are. Waiting for confirmatory price action to sell with a target below the low on this chart. {image}
My thoughts but theres no need to rush in
Attached Image (click to enlarge)
Click to Enlarge Name: eu swing pb 11111111.png Size: 163 KB
Turn your wounds into wisdom
  • #77
  • Nov 3, 2019 8:55am Nov 3, 2019 8:55am
Quoting Bk55
{quote} its non farm this FRIDAY IT might give a good entry on EU a whipsaw
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-11-03 at 7.53.50 AM.png Size: 195 KB
Freedom is not free
  • #78
  • Nov 3, 2019 9:01am Nov 3, 2019 9:01am
therse many possible outcomes to consider the nly one to be right will be the market thats always right peronaly if get an entry of the 61.8 with breaish price action on dailiy for conformation i will taget next fib first take some bank and let the rest run free im not saying we will get a harmonic im pointing we could
Attached Image (click to enlarge)
Click to Enlarge Name: theres many possible outcomes.png Size: 164 KB
Turn your wounds into wisdom
  • #79
  • Nov 3, 2019 9:03am Nov 3, 2019 9:03am
I take profit in stages it helps keep draw down low when a winning trade turns on you
Turn your wounds into wisdom
  • #80
  • Nov 3, 2019 9:05am Nov 3, 2019 9:05am
Quoting Abe16
{quote} {image}
cheers its normally first friday of the month thanks for pointing out i would of looked anyway i always tune in for nfp
Turn your wounds into wisdom
2 traders viewing now