paj appreciate your help with metatrader platform but i don't find it very friendly have spent ages trying to configure and have now given up for a while at least .
DislikedHI joypips, This is a great thread, but it is up to us to make sure it does not die. Aediaz gives good advice and instruction. I enjoy the traders' insight and alerts. The traders here are supportive and encouraging. I also have a job I will have to go to. I closed my E/U position with a 10 pip loss. I should had known better than to enter before the U.S. payroll number coming out. Here is my last chart for the day. Have a great weekend.Ignored
Dislikedpaj appreciate your help with metatrader platform but i don't find it very friendly have spent ages trying to configure and have now given up for a while at least .Ignored
DislikedThis double top provide us with the probability (in favor) of more downside, IMO;Ignored
DislikedI spoke to a good mate who is a trader for one of our major banks here in Aus (ANZ).
He says that support/resistance and fibo are the main techy indicators used.
He also said to draw them from close prices, not candle stick high/lows and it is best to draw them on line charts without the high/low prices as it is easier to spot/confirm breakouts.
Is this right? I tend to believe him, because he's loaded with $$$$. Lives in Noosa QLD on a waterfront home (5+ million minimum to get yourself one of them).
What do you think aediaz1?Ignored
DislikedTake a look at daily chart, and draw supporting trendline there. GU might bounce from that, especially now that euro is traveling north again.