You can also have a look at:
chart thread
https://www.forexforum.co.za/trading...nal-245-a.html
and lots of interesting videos and articles for noobs like ushttp://www.learntotradethemarket.com/
You can also have a look at:
chart thread
https://www.forexforum.co.za/trading...nal-245-a.html
and lots of interesting videos and articles for noobs like ushttp://www.learntotradethemarket.com/
There are a couple combined means by which by which you can implement and execute price SR levels. Using previous vital highs/lows as key regions to take a bounce off or by simply applying the identical egy via fashion lines.
Wait until price defines the management to you by breaking out of congested regions or by creating new highs/lows then expect the retracement or pullback and enter onto a re-test. This allows to get a great entry with very little heat occasionally, plus you also have allowed for the retracement that's very crucial...
Use the illustration below as reference, long on GOLD (XAU/USD) once price penetrated the fashion came back down tested the line and then implemented BUY.
Hope that this helps
[quote=;5525885]There are a few joint ways you can implement and implement price SR levels. Using preceding vital highs/lows as key regions to have a bounce off or by simply applying the same egy via trend lines.
Wait till price defines the management to you by breaking out of congested regions or by creating new highs/lows then anticipate that the retracement or pullback and put in on a re-test. This allows to get a great entry with very little heat at times, plus you also have permitted for the retracement which is very critical...
Use the illustration below as reference, extended on GOLD (XAU/USD) once price penetrated the trend line came back down analyzed the line and then implemented BUY.
On its way....Blue zone next possible place for profit taking
Hi Nickopip, I'm a newbie as well and have found TradingIt.com very helpful for a great learning place. Moderators have been very valuable!
Stina that I would need to agreethey take very similar set ups in the live trading room as I donot bad for a free service I must say, also got my free customized programming done with them, any ea or indior programmed at no cost. Finally a great eduor offering great free services for the consumer.Originally Posted by ;
This is the best place for trading, u can find a lot of trading system can discover how to handle your emotion whilst trading, learn the way to get a fantastic money management, together with other member opinion u can get a better trading system thats match on your own.
Attempt to start http://www.babypips.com theres a good site for new trader fundamental technical and fundamental analysis.
Within this forum, u can get a lot of interesting things. U can find out from other member to improve your trading program, remember MONEY MANAGEMENT is the main think when u trading, and trading isn't the way to get a lot of money in a really short time when that occur only thankfull coz market give u some bonus.
For me trading is more like gardening; plant seed, water the seed, then kill the pest as time goes by that plant which u care will provide u the very best fruit,then harvest the fruit. Coz trader arround me believe that trading is a fast way to be wealthy,and I understood that totally false. U need a constant way to better your trading so that u can enhance your profit... IMHO
So wrong. Lots of those systems are crap, and many members here are not profitable. Personally, I do not need opinions of unprofitable traders. And finding those that are indeed profitable over the long term is like finding a needle in a haystack.Originally Posted by ;
Seriously?Originally Posted by ;
Like mentioned, most of the systems here are garbage!
Sometimes you'll get the odd nugget among the dross of articles but in the majority it's entertainment value only, and also that's limited.
With a system, cash management, and subject you shouldn't really have any emotions to manage.Originally Posted by ;