Hello!
I have been doing a lot of reading on the forex factory just like everyone else here does. I have learned a lot, but one thing i have picked up on is this. Systems that utilize indicators usually hurt my trading, rather then helping it. One thing always remained constant when i looked back at some potential trades, or losing ones that may have made it more profitable or prevented me from hopping in: PRICE ACTION!
I decided it would be a good idea that we all put our minds together and create a document that every trader should know. Something that young traders can post next to their computers to give them some sort of reference point on what to look for with formations and what to expect them to do. I have created a few things to start that mostly originated from James16 aka' Forex LEGEND! Lets create something that may even become a sticky here!!
Here is what i have!
http://www.computermedicsonline.com/PA.doc
I shall keep this one up to date too. So there should be no need to sift through this thread to find the newest one!
I have been doing a lot of reading on the forex factory just like everyone else here does. I have learned a lot, but one thing i have picked up on is this. Systems that utilize indicators usually hurt my trading, rather then helping it. One thing always remained constant when i looked back at some potential trades, or losing ones that may have made it more profitable or prevented me from hopping in: PRICE ACTION!
I decided it would be a good idea that we all put our minds together and create a document that every trader should know. Something that young traders can post next to their computers to give them some sort of reference point on what to look for with formations and what to expect them to do. I have created a few things to start that mostly originated from James16 aka' Forex LEGEND! Lets create something that may even become a sticky here!!
Here is what i have!
http://www.computermedicsonline.com/PA.doc
I shall keep this one up to date too. So there should be no need to sift through this thread to find the newest one!