Seems that problem for many "starting or not" traders here is that they trade too small ranges with too small timeframes and they miss the big picture.
Then adding and adding to loser trades which accumalate sometimes to a point where one have to accept the loss or potentially blow your account.
If my advice is any worth, i suggest to watch 15m-4hr timeframes for intraday with Fibonacci levels and Stoch and RSI. When they all match and better, when pairs and timeframes are in sync with eachother and oversold/overbought condition is true, the trade is as safe as it likely gets.
I have ok lcd 22" screen at home, so i can fit many correlated/incorrelated pairs + gold/oil comfortably without switching windows. I really need all those to trade really accurate and without pain.
Cheers
Then adding and adding to loser trades which accumalate sometimes to a point where one have to accept the loss or potentially blow your account.
If my advice is any worth, i suggest to watch 15m-4hr timeframes for intraday with Fibonacci levels and Stoch and RSI. When they all match and better, when pairs and timeframes are in sync with eachother and oversold/overbought condition is true, the trade is as safe as it likely gets.
I have ok lcd 22" screen at home, so i can fit many correlated/incorrelated pairs + gold/oil comfortably without switching windows. I really need all those to trade really accurate and without pain.
Cheers
They think they are smarter than I am.
