Forex Strategies Forum

[Abbadon]

Hello TopPips,

Thank you for your post. Im also pretty new to trading currencies (been trading for 3 months now - not very successful I must confess - 20% drawdown until today). It was like a confirmation to me, because I really start getting annoyed with all these indicators.
These times don't seem to like them. Either you enter too late or the prices move backwards immediately after the B/S signal (talking about M5 Chart).

I'd like to ask you - sorry if it's the wrong topic - which sources you use for fundamental analysis. I have some sources myself but they are upsetting me more and more. They don't stop to contradict
each other, for example regarding the exact time of news releases or the expected impact of them.

[Rom]

1.2920 Resistance Holds On EURUSD
We must see a break of 1.2921 previous high to confirm further move to the upside. But EURUSD failed to break 1.2921, it has made a high of 1.2918 and fallen down to our suggested support level at 1.2890. Now we will be looking for price stability and reversals at the current support level 1.2890, to consider any long positions targeting towards the resistance at 1.2900 initially.

Hi TopPips

Very nice thread.
I favor this approach but I lack competence.

I feel the paradigma for your way of thinking is TA, price is going up when support holds, price is going down when resistance holds. Price is going up when resistance is broken, price is going down when support is broken.

So basically, a currency will appreciate if there is strong buying some day next week, othewise it may depreciate?

Timeframe will be hours or days, then take profit?


regards kjell

[faceme]

hi TopPips!!

there no doubt in my mind this is the best system out there, well i bee using this system for the past 2weeks now, is simple and easy to use!!! ,
the way i use is on anytime frame, i start on daily to see where i am, then i look at the support and resistance level to see where the market is heading, then i go back to smaller time frame, like 5min or 1min, and then i do all the drawing, and wait for the resistance to break or the support, and then make my move,
to be honest TopPips, i dont use any indicators, and i dont even look at the price action, am i doing something wrong here,
i am grateful for any kind of advice!!

thank you
young

[Abbadon]

Bookmark this thread and come back to see the charts that I'll post in real time before the market moves. You will have to see it to believe it.

Don't get me wrong, I'm still thankful for your suggestions. But there's not much going on here lately. Where are you?

[Rom]

"No Indicators - No Worries System"
A perfect headline for those who need a system that cost nothing and something they don't have to study. The popularity of this thread is a good as an experience.

Lefevre
. . . The average man doesn't wish to be told that it is a bull or bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think. It is too much bother to have to count the money that he picks up from the ground."

.

[ForexLion]

This is a wonderful strategy. I like to trade without indicators on my charts. Thanks for sharing