Today Im gonna try to look for opportunity to sell USD/CHF. Most likely it will go down to hit bottom of BB 24 deviation 2. My TP is at BB 24 deviation 2 and second TP is bottom of BB 72 deviation 2. Will sell this during London Open (if it gives us strong indication to go down)
Here's the...
I am going short for both GU and EU
look at attachment file for chart
what do I use? LW MA 4 and MA 8, BB 24 dev 1, and timeframe is H1
(I also use M5 timeframe to confirm trend but I dont check trend during asia session)
babypips.com/school has everything you need
then go to forexfactory and learn one or two threads there in "trading system". make sure you open an old thread and find a proven method for at least a year
Not sure what you are trying to say but if you look closely at D1 or W1 timeframe, going up is completely normal before it falls again. I know there's crisis in Europe but this is the reason why technical analysis is always more important than fundamental.
personally we should stop talking about rumors. I dont understand why a lot of traders trust or discuss rumors way too much. It's simple. read the news when it comes and trade it mixed with your technical analysis (unless your TA sucks so bad)
better not start any business if your budget is very limited. Personally i would spend those $20K (if my budget isn't far off, like let's say $30K - $40K) in internet marketing business.
i dont understand how you can compare "taking risk" with "gambling". Sure most things in life is like taking risk but it's still not gambling. IN gambling you are almost destined to lose. that's how the gambing houses make money. Business always has risks but it's still not gambling. Trading is...