Quote from fandelem:
I just don't see how you can easily predict currencies into the future with so much world news shaping the direction of the currency, daily, sometimes hourly..
Stocks.. maybe.. look at past performance, last few quarters, projected quarter, etc.. can guess where stock will head..
But currencies.. I don't know that will be hard to convince me you can predict without knowing ahead of time who will win what election, econ reports, etc...
Any type of technical computation in my book that is successful would be once you identify a trend, how to maximize the profits trading the trend, or stay out of the trend and wait for high volume range bounds and have technical computations on that giving you indicators... on a daily basis max...
my two cents