EURUSD Technical Analysis 19.05 - 26.05 : Bear Market Rally - page 3
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Hey newdigital looks like your analysis backfired. And this is why i insist people connect to signal to avoid misleading.
It was nothing wrong with this technical analysis because it is just support/resistance veles only with the extimation anout primary and secondary trend using Ichimoku indicator. And, as you can see - it is still bearish as a primary with secondary bear market rally:
MetaTrader Trading Platform Screenshots
EURUSD, D1, 2013.05.26
MetaQuotes Software Corp., MetaTrader 5, Demo
eurusd d1
Technical analysis is not the signals to trade.
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Oh yes in the bigger timeframes its still bearish.
You proposal is good and I did it for more than 1 year on the other external forum: I made technical analysis during the weekends for the next week, and after that - I used some signal service to place pending orders (sell stop and buy stop) for whole the week. It means: Monday (sell stop at ... with sl ... tp... at 14:30 ...; and so on ... up to Friday). And I used some ree tool which took those "written trades" and placed them to Metatrader according to the time. So, I had from 0 to 5 trades in a week. As I remember - many people followed this signal but I stopped doing it few years ago because it is very hard work and difficult to make it ... similar with forecasting. Yes, it was profitable.
May be, one day - I will accompany every technical analysis thread here with some weekly signals ... anyway - good idea.