I couldn't agree more with WJFX, if your just starting out, don't confuse yourself with a lot of indicators, price action, or bars should be primary focus. Also, unless your planning on watching your computer 24/7, best to focus on a longer time frame like 8 hour charts or even dailies.
I couldn't agree more with WJFX, if your just starting out, don't confuse yourself with a lot of indicators, price action, or bars should be primary focus. Also, unless your planning on watching your computer 24/7, best to focus on a longer time frame like 8 hour charts or even dailies.
Hi Trader
Every Indicator has very beautiful Meaning So U can view Any time Frame That U Like very Much!!
And MACD, RSI Stochastic they are very Well known Indicator..and etc
Just Try a AROON Isolator!!!.. If U need How To Use Aroon I will Tell U if U need..
Well Euro Went on a tear since Thursday of last week. Missed the long entry on Friday after US news release. Got long today. I'm staying long Euro$ until Daily charts stop following the 8ma and 20ma North. Weekly Charts show a possible continuation to 1.4720 & 1.4900 area. Best to Stay long and buy pull backs until Daily / Weekly charts show otherwise.
Trade what you see, not what you think. Act on what is happening right now.
Well Euro Went on a tear since Thursday of last week. Missed the long entry on Friday after US news release. Got long today. I'm staying long Euro$ until Daily charts stop following the 8ma and 20ma North. Weekly Charts show a possible continuation to 1.4720 & 1.4900 area. Best to Stay long and buy pull backs until Daily / Weekly charts show otherwise.
Opened another position looking for trend continuaiton on 15m chart during US session but, price action went flat.
Took 74 pips on first position and took -10 pips on 2nd position. Daily charts still showing uptrend. I'll be watching for pull backs to get long agian.
Trade what you see, not what you think. Act on what is happening right now.
Yes, But Indicators has Some Story about Ur Next Level Of Trend!!!
I do Believe Which Alls The Trends Go So It will Go!!! Pair Never thing About the RSI 30 or 70!!!
I have seen the Gbp/jpy 9% RSI One Time...
So All are For Ur Example If The market are Flat So U Can Do Trade And Made Some Profits By Using some Indicator or Isolator!!!!
REMEMBER ALL PEOPLE ARE IMPORTANT AND JUST WAIT WHICH THING TAKE U MORE IMPORTANTLY!!!!
Vincy, I just want to offer this out there. Maybe I'll put my foot in my mouth about this later but, for now:
What is RSI based off? Past price. MACD? Past price. All Moving Averages. Past price. Trend indicators? Past Price. What I have found usefull for me is (for me only) Watching how price is reacting at levels now. MACD, RSI, and SMA's don't show me where Price found resistance or support before or when the FX market is going to be most active in which trading session, Asia, Europe, London, or US. I have found a lot of truth in the attached presentation by Greg Capra. His videos can be found at www.moneyshow.com.
Just providing another per spective to "Indicators".
Trade what you see, not what you think. Act on what is happening right now.
Completely agree djindyfx. All comes down to price for me, Round numbers, support and resistance levels, while keeping an eye on the longer timeframe SMA and a 20 day EMA. Its all about the first few bounces, and keeping an eye on how OFTEN the price bounces off an area of support or resistance thus knowing that a certain area becomes less likely to hold. RSI, MACD... if you keep an eye on the price movement you get a better "feel" for things in my opinion.
Thank you so much dear, I am learning English my wife is teacher in English so this is good.
This is like today we need another one Long Entry as Asher tell on his blog, I see his blog every night and morning. Some friends here say Asherr is vacaction but I not understand his blog is recent yesterday and today.
Originally Posted by arodriguez
Hi,
If you get hard time asking questions in English, you might send me an email with your questions in French...
Thanks Mr. Long. good video about RSI. do you have a video about MACD and ADX? I just would like to see if my interpretation is similar than yours. OK on RSI...
A.
Thank you....we do have a video on the MACD at this link, but do not have plans for an ADX video in the near future. Thanks for the recommendation.
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I understand that the Trading Station platform was updated over the weekend, and wanted to know from you is there a guide of the sort that can give me some of the new updated features. I was in the process of setting a "One Click" entry using "Trading Mode" but wasn't able to setup my entry. Your help is greatly appreciated.
Last edited by WJ_FX; 08-04-2009 at 12:11 AM.
Reason: wrong term
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Originally Posted by TRADERTRAV 
