Here is one for the part timers who can't be at their computers all the time. Also it is for the big thinkers who really understand the power of these indicators and also looking long term. I haven't been trading that long ( less than 3 years which is nothing) but I do understand that someday I will not be trading all the time. Wouldn't it be nice to look at the charts for a little time every day and wait for the big moves? You can make big money that way but it take time to learn and also big stops. So don't do it right away. But look at this chart and move. See how the triple started showing you a long move many days ahead of the move. Also notice that the blue line did go short during this setup but did not touch the pink line. Important. Now look at the green line in dynamic. It told you to wait until it started to go long also. See how the green line stays above the blue line for weeks! Important to notice. May be an indication to stay in the trade. It you did catch this trade you can slowly move the stops up. This is a 300+ pip move. Now also see the ADX 13 is perfect with the green line between the pink and blue. The green line in adx will stay at the top as an indicator that the move is still strong. Since it is a daily chart and this is the pound you must know that the pair will move 100+ of pips a day within this bigger move long so you must practice.
- Joined Feb 2007 | Status: Member | 2,749 Posts
Willem
Forex recipe for success = Patience, discipline & hard work.