Rom wrote:Newbiews don't get much respons here from those who are professionals.
I am not a professional
I rely upon professionals.
Professionals (self financed or those who trade funded accounts) who trade FX via a discretionary model will operate via a simple, basic, straightforward, common sense approach that in the main will pivot around directional bias supplemented with supply-demand awareness.
They identify dominant directional bias according to their preferred model & trade impulse/corrective price action, buying dips or selling rallies in sync with the market rhythm.
Nothing more complicated than that.
No need or requirement for these ridiculous EA's or robots....no complicated technical nonsense cluttering up their charts & definitely no multi-round turn scalping sillyness via high frequency timeframes.
Anyone thinking trading at this level needs to be any more complicated than the above is in for a world of unnecessary pain & disappointment.
Much of the foundational material shared on here;
combination-strategies-t140.html& here;
http://forums.babypips.com/free-forex-t ... inued.html is all you need to build a workable & sustainable long term model that will allow a trader to adjust to the ever changing cycles that constantly influence the markets.
And the reason is because supply/demand & directional bias observation most accurately represents & mirrors the dominant influences of the mass market psychology that reflects the views & opinions of the trading fraternity.