Originally Posted by
;
Well, what most have stated is accurate. It a single call to learn what work best for you. I sleep more throungh daily Central Standard Time. My girl friend works and calls to speak when she off work, around 1-2 a.m. my time. Boot Time and start watching. Throughout the European Session I will observe EUR/USD go up and when the USA session I will see the contrary, NOT ALWAYS!!!!
Now as far as Technical. I believe a individual must use the things that they feel work best for them. RSI, try altering Time Periods, rather than a Default of 14 attempt 20 or 30. I really do try everything on the exact same time period. If, RSI on 20, then SMA/EMA on 20 including Bolinger Bands. One thing I have found, is a individual could use too many indiors and O-silly-stuff. Here in America we have a saying; KISS;'Keep It Simple Stupid'. I use most things to get an notion of how the Market is moving. I learned to see Candles long past in the Stock Market and they've become my Friends. I know all of them by name. Doji, Morning Star, Hammer etc.. However, they only tell me what another candle will do!!!! 3 hours later they can be going opposite of my trade. Many people use Indiors and Oscillators, from this Psycology Perspective we could use them to our advantage to comprehend what folks believe, but, only to an extent that the Market will allow. True Economics plays a significant part in Technicals (My Opinion). What I use are these; RSI, SMA/EMA, Fibos (Fibonacci). Bolingers are OK too. However, I not like too many lines all over my charts. If, I use Bolinger Bands, I usually remove the Fibos. News coming from the afternoon usually tell me in which a Pair is in reference to the Fibos anyway. Also, when we put the Fibos on our charts we may not necessarily have them where others do. We may use different High/Low, but, I have found in most cases it may be near enough.
I do around three types of trades. One is day trade and Technicals are great here. The other two trades I take more time. Here I mostly look at History and Fundamentals.
Just remember; there many ways people do this. You need to learn what work for you. You get too many thoughts and it can cause more confusion that help. Only take what you believe you can use to help you and Develop your Method from that point. You can spend years trying different items. Develope a Stratagy and make it work from research and looking at past Charts to find out whether your idea can work with adjustments.
It like painting a House. Some people today paint left to right, others paint up and down, both will work whether the individual learns to paint!!!
Hope this helps more than simply confuse!