One of the many technique that doesn't require any technical indicators to predict the market movement is simply the support and resistant point. The idea of this is to let the market decide where the point of fluctuation is and then they follow it.
This method is no doubt one of the most famous one use by the price action traders who depended on the market to make the move and they follow up. Some novice traders who are over reliance to certain indicators are unaware that the market is actually move in this way. Overwhelm by their own confidence and overlook the market movement by their indicators behavior most often cost them dearly mistakes.
If you study the market carefully even though at certain point it follows the indicators, one need to make a deep observation where is the fluctuation point. You can study this on daily chart and see. That's why professional traders would prefer to look at the price action first before using any indicators, and determine the fluctuation point.
Next time when you trade try to look into the fluctuation point before taking on your indicators you will see the different in trading compare to merely using indicators alone.
-------------------------------------
KIS 2010 (1 PC/1 Year) - $8.5
KIS 2010 (3 PC/1 Year) - $15
http://renew-antivirus.com
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Trade result for EUR-USD and AUD-USD on the 4th June 2016 As expected the EUR-USD and AUD-USD should go for major correction after an ex... -
Let's take a look at the historical chart of the major currencies traded in Forex over the course of 37 years period since 1978 until pr... -
Strong bearish signal has pushed the EUR-USD deep to oversold position, but is it going to stop soon when the Euro Zone market open or conti...
-
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe... -
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe... -
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe... -
EUR-USD trading last Friday 19 Feb 2016. There is a strong sentiment the EUR-USD might be heading for major correction upside as the MACD an... -
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Perio... -
The movement is now totally out of hand. Volatility is unpredictable and yet it is vigorously moving up and down between support and resista... -
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
No comments:
Post a Comment