Fundamental and technical analysis go hand in hand, along with many, if not all economic
and world news events.
file: predicting price movement............find it
Weeeeeeeeeeeeeee Doggie ! I think I've got it !
Who is really running the FX show ? Have you ever seen the markets move the wrong way after
a major news release ? It makes no sense to me..........however , the CENTRAL BANKS
may have a different agenda, and what a better time to move the market.
Who are these evil market movers ?
Don't stay in bed, unless you can make money in bed.
George Burns
My FX trading system ( with due diligence to the above info, which I refer to as
being "in the game" ) I also use this stuff :
1) SUPPORT
2) RESISTANCE
3) FIBS
4) PIVOTS
5) TIME FRAMES (month,week,daily,4 hr)
6)TRADE SETUP (1 hr,30 min,15 min)
7) PINPOINT ENTRY (5 min, 1 min if scalping)
8) EXIT (S / R, fib, pivot)
9) TIMING is everything in relation to economic announcements and major
markets open / close. Also certain times of day are more predictable for scalping.
10) DUMB LUCK..........comes in handy on occassion
maybe a little MACD or Stochastics
There are a number of pretty good indicator based systems posted on ForexFactory
forum:
or any other charting service
Success consists of going from failure to
failure without loss of enthusiasm.
Winston Churchill
This is how I trade the "spot" FX market....but FX "options" is a whole different ballgame.
It is primarily about risk aversion. Risk is a scary thing....it is what trading is about.
Trading Tip : Double top or double bottom with a MACD divergence =
90% + probability. The range of movement may vary......so watch this trade closely.
NO PAIN.........NO GAIN.........NO GUTS.......NO GLORY
