I bet some of you know the concept about S and R, hehe... and also the "system" i will talk about : No Brainer Trades from BillyRayValentine (BRV) on ForexFactory!
The full thing is presented on FF but i felt, into the madness of indicators...
Wanna have the "same" info that ur broker got?
Get market depth level 11:
EFX: Experience Forex Freedom
Get the demo, then register and get your demo key.
Level 2 show the volume of "any" lot available at that time.
I was looking at ForexFreedom indic base on CCI and tough its a good idea to combine several CCI whit obviously different period -14/34/50. ForexFreedom indic repaint since CCI indic itself makes dips into oversold and overbought zone, but...
Any of you ever red that book? I'm going trough it now and find it very useful. Just need maby some modification about the tech since Forex got no volume and phase 1 and 3 are often cut in low TF.
Anyway, have a look and tell me what you think about...
I just discover a way of trading and would like the feeling of some traders around here.
The thing is simple and i bet some of you already use a mixte of this technic / indic.
To resume it as simple as it can...
Since I'm a fan of EUR/USD i tough that we could share our idea about that pairs.
Nothing deadly serious but almost! What's your feeling about nexts moves, past ones, reasons of those, news to come, etc... Just anything that is related to the pairs...
Since i got some free time i would like to share a tech of mine. This is all manual and don't seek for any EA.
The most basic concept i think about forex or the equity market is.... support and resistance. From that point i'd develope my own system...
After a little research on coding and starting from some others EA, i created one based on Stochastic and I-Trend cross.
It Buy/Sell : when stochastic and I-Trend are positiv or negativ - I-trend level filter available.
It close position:...
Go Long when price break a barry level whit MACD and stochatic in the way of the trend, not in reveral zone (80-100).
Go Short when price break a barry level whit Macd and stochastic in the way of the trend, not in reversal zone (20-0)