forex strategy | forex forecast | forex signal | forex signals | forex scalping | BCOUSD | Gold | XAUUSD | Brent Crude Oil | technical analysis | historical data
Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
Support / Resistance
The fundamental of where everything kickstart for reversal always at support and resistance level...at this point all technical indicators including price actions doesn't really matters. Sometimes it goes for overbought / oversold beyond support / resistance defying all technical indicators but when the quick reversal happen it also defy all the technical indicators. However how do we know when the quick reversal will happen? This is the elusive key to success.
One thing I've learnt about the forex market is not entirely predictable - it's actually up to the big players to dictate the moves. They could go all over defying technical indicators and then will reverse defying all technical indicators as well. It doesn't matter how much they want the volume to move up or down they can execute it any amount they like and then reverse to correct the position also at any amount. Eventually the market quite again and relax the situation..
The impatient and patient traders totally irrelevant in this case -- but the lucky ones are. Being predictive is not enough for success in forex - no matter who you are whether the masters of 30 years experience eventually getting caught in the big moves. Playing forex is like being lucky walking in the field of land mines.
Reducing losses is necessary...!!
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