Hi,
I'd like to post some examples of what forex price action starts to be for me.
Have no too much time now, to say all i'd like to, so expect post with deep background and all thanks later
Now.
Short background.
After trying [just a year and maybe 3-4 hundreds GBP traded on small account instead of demo] I stared to figure out.
Clear chart will tell you, what YOU can see from it. On what kind of data YOUR detectors are set. when YOU can notice significant point that can tell you what is to be expected.
For me such points in chart are places, where bars are getting flat [pic.1].
I realised that after that, trend usually gives some nice rallies 3-4 times bigger than SL [pic.1].
I can see flat price by my eyes without any idicator. However I'm gonna try if Boilinger Bands can help me. [It will stop me, when THE STRONGEST INDICATOR gives reading: "go home Chris it's not best day for your trades"
To make some good learning i decided to use Boilinger Bands [i'll change it if not gona work for me]
Here are settings
upper band from BB[5] dev. 2 aply to high
low band from BB[5] dev.2 aply to low.
Attached template are great for learning. You can see there only necessery BB no prices.
For me this thread is opportunity to do the forex, to think deeply of what am i doing and to feel like a tutor ;P
I hope to share with you my expirience, knowlidge [some psychological stuff]. And maybe good points to think of entry [Im gonna place my EO, but only for your cosideration, and eventually your responsibility if traded
]
And the most important,
I place the thread to make some green pips.
good luck!
Chris
I'd like to post some examples of what forex price action starts to be for me.
Have no too much time now, to say all i'd like to, so expect post with deep background and all thanks later
Now.
Short background.
After trying [just a year and maybe 3-4 hundreds GBP traded on small account instead of demo] I stared to figure out.
Clear chart will tell you, what YOU can see from it. On what kind of data YOUR detectors are set. when YOU can notice significant point that can tell you what is to be expected.
For me such points in chart are places, where bars are getting flat [pic.1].
I realised that after that, trend usually gives some nice rallies 3-4 times bigger than SL [pic.1].
I can see flat price by my eyes without any idicator. However I'm gonna try if Boilinger Bands can help me. [It will stop me, when THE STRONGEST INDICATOR gives reading: "go home Chris it's not best day for your trades"
To make some good learning i decided to use Boilinger Bands [i'll change it if not gona work for me]
Here are settings
upper band from BB[5] dev. 2 aply to high
low band from BB[5] dev.2 aply to low.
Attached template are great for learning. You can see there only necessery BB no prices.
For me this thread is opportunity to do the forex, to think deeply of what am i doing and to feel like a tutor ;P
I hope to share with you my expirience, knowlidge [some psychological stuff]. And maybe good points to think of entry [Im gonna place my EO, but only for your cosideration, and eventually your responsibility if traded
]And the most important,
I place the thread to make some green pips.
good luck!
Chris
