For improving my forex education I will start to make trades with EUR/USD this pair I will take to learn more about forex and with this pair I dont use trading plan, I'll do just like Pipcrawler using stoch fib lines and looking at support and ressistance levels.
I will use daily or weekly charts because its the best timeframe to show your situation about pair. Now I looking and seeing that eurodollar hitting prieviuos support which now become ressistence as I think. In my view ressistence will work because stoch is oversold and bearish divergence appearing and price will begin to fall, Im selling.
On Monday October 24th, 2011 at 07:56PM by Pipcrawler - Like - 0 People
Glad to hear you wanna join the ranks of us discretionary traders. IMHO, I think it's probably the most difficult trading style to master (in which I have a long way to go), but it's the most adaptable to any trading environment. So be patient as it may take a long time to become proficient.
Most important thing is to make your trading journal your best friend and fill it up as often as you can. Good luck on your forex journey :)
On Tuesday October 25th, 2011 at 12:27AM by Ariogala6 - Like - 1 Person
thanks, support like this is that what I really need :)
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