Hi friends! this is like a bad movie, pretty funny afterwards but whata hell,
I can take a loss but this is how I felt when it happend LOL,
I find that most indicators and forex don't go so well together,
first I like to say I am realtively new to forex,
I have been trading fx for about 6 month now,
and what I have found is that most indicators are totally useless,
like yesterday, I found a brake of a trendline, and also a brake of the last high,
so I thought, good buy signal! THE DOWNTREND IS BROKEN! HALLELUJA!
I didn't want to enter at the top so I waited for a retrace,
MACD was showing buy and the ADX was rising,
and I got a crossing of the + line over the - line,
and the stochastic was showing well oversold,
so good entry point right? BAM! IM BUYING!
and guess what happends next, everybody start to sell off like crazy :O whaat??
totally unreal and no news out that could have caused this,
I saw one HUGE down bar forming after the other and I thought to my self,
what did I do to deserve this?? OMFG! feeling I am the unluckyest guy alive,
why is this allways happening to me?? WHY! WHY! I must be cursed or something,
what kind of indicators do those sellers use??? or are they plain nuts!? which I don't believe,
who would sell when all the indicators showing green light? on several timeframes,
in the fx world I have learnt these things are happening time after time,
lucky for me I had a stoploss in, but I still lost so much that it did HURT!,
I guess I have a lot to learn, this brings me into the question I first tought of,
I want to ask you what kind of indicator you use when trading forex, if any?
what do you use for entry and sell points?
I can take a loss but this is how I felt when it happend LOL,
I find that most indicators and forex don't go so well together,
first I like to say I am realtively new to forex,
I have been trading fx for about 6 month now,
and what I have found is that most indicators are totally useless,
like yesterday, I found a brake of a trendline, and also a brake of the last high,
so I thought, good buy signal! THE DOWNTREND IS BROKEN! HALLELUJA!
I didn't want to enter at the top so I waited for a retrace,
MACD was showing buy and the ADX was rising,
and I got a crossing of the + line over the - line,
and the stochastic was showing well oversold,
so good entry point right? BAM! IM BUYING!
and guess what happends next, everybody start to sell off like crazy :O whaat??
totally unreal and no news out that could have caused this,
I saw one HUGE down bar forming after the other and I thought to my self,
what did I do to deserve this?? OMFG! feeling I am the unluckyest guy alive,
why is this allways happening to me?? WHY! WHY! I must be cursed or something,
what kind of indicators do those sellers use??? or are they plain nuts!? which I don't believe,
who would sell when all the indicators showing green light? on several timeframes,
in the fx world I have learnt these things are happening time after time,
lucky for me I had a stoploss in, but I still lost so much that it did HURT!,
I guess I have a lot to learn, this brings me into the question I first tought of,
I want to ask you what kind of indicator you use when trading forex, if any?
what do you use for entry and sell points?
Bulls are stupid Animals!especially when Im short!