Aussie Trading Room and Cartoons Gallery
If you been trading forex for 3 years, it sounds strange to call yourself a "newbie".
You can still call yourself a "Learning Forex Trader" regardless of your current results.
Why should it ??? It worked like a charm.
RT, your divergence said we'd come back to 1.04, any clues as to where to next or another point it's said we will reach? Sorry, I still need to learn more about your methods but think they have great potential as I already trade longer term & start without stops (similar to yourself), only using them to protect profit.
Long term cycle analysis has an accuracy range of one to two weekly bars. The top was within range and if the bottom is now in then it too was within the normal range. The next KICK DOWN cycle is scheduled for the first three weeks of november. I'll certainly be looking to sell short then too. Just like clockwork. Like the last month has been. Why do you wait to argue AFTER it bottomed ??? Where were you two weeks ago ???
I have just started to attack Gold, we have a Daily Gartley and Daily divergence my TP is 1650
Providing you do NOT over leverage your account then trading divergence should see your account grow much more than money in the bank, the thing with Forex is the more you have the more you make safely, traders with small account can take much larger risks and that is when they can really come unstuck.
I wish you all the best and happy pips
I aren't arguing, I was merely asking a question, knowing you believe in the cycles, yet observing that you had bull / bear ?? in your heading. I am interested in your seasonal theories but the jury is still out so to speak. I have been predominantly short for some time.
Are you short gold ??? This looks like a speeding freight train. I see resistance at 1770 and after that - 'the highs'. But maybe you're right. A back and fill would be in order.
