Trading on this new
Results 1 to 7 of 7

Thread: Trading on this new

  1. #1
    Hi

    Well im a newcomer but I really like to exchange usdchf. They've a nice moves up and down.

    Once we get the news in this way below, how can you exchange and what does it signifies properly and the way eould you exchange it

    $-Amusement @ 1.2396/01....Bearish prejudice.
    R: 1.2410-16 / 1.2454
    S: 1.2362-57 / 1.2333
    There was additional fall to a low of 1.2379 at the $-Swiss and with this the pair remains bearish biased currently. Now on the downside the important Support would be arriving in at 1.2362-57, the latter being the 200-MA on the 4-Hourly charts. A break below this could see the pair target 1.2333, which is the statistically projected Max Low for the day.
    About the upside powerful Resistances are coming in at 1.2410-16 and at 1.2454. The Bearish view holds at the minute but traders must brief only on rallies now.


    Thanx

  2. #2
    Quote Originally Posted by ;
    Hello
    A word of caution, you don't exchange a currency as it seems pretty on a chart, USDCHF has a lot of volatility and you may get burnt speedily.
    In your stage you should be getting to understand how to read charts, understand how to observe the connections between pub, or candlesticks, patterns and how they can help you spot opportunities, or prevent trouble.
    Study this hyperlink to further your eduion and DON'T trade real money yet.
    Https://forexintuitive.com/forex-tra...155-steps.html
    Peter
    Hi Peter

    Thank you for caution, im just demo trading right now.

    I really trade using a simple egy, I use EMA 10 EMA 25 EMA 50 and MACD.

    Is this good or do you have another suggestions.

    Regards

  3. #3
    Quote Originally Posted by ;
    Hello Peter

    Thank you for warning, im just demo trading at the moment.

    I really trade with a very simple egy, I use EMA 10 EMA 25 EMA 50 and MACD.

    Is this great or do you have another suggestions.

    Regards
    Keeping it simple is great at this stage, although it is dependent upon what time-frame you are trading; the longer the better (ie 30 min chart better than 15 min - 1 hour chart better than 30 min etc)
    I could point you in several directions, but at this stage you may come across some of the information hard to completely understand. One piece of advice I will repeat would be to stick to the link I put in my initial message and actually take the time to study it. Https://forexintuitive.com/discussio...tops-hurt.html It's a long thread but is the quickest way to learn about the way the market operates, there are many examples of how chart patterns may provide clues about which direction you should consider trading
    Additionally read ALL the'sticky' threads at the beginner's forum https://forexintuitive.com/discussio...1-usd-jpy.html
    It'll save us all time, you from asking questions that were asked before, and us responding to you.
    There are numerous good trading plans around but it's best, for the time being, to remain with what you are doing before you completely realise both the GOOD and BAD points of MA trading methods and understand what Price Action is.
    Try this for today, open two displays side-by-side, say a 4 hour chart and a 30 min chart (picture attached). The 4hr chart is about the right, the 30min on the left. Your EMAs are added. Examine the longer duration and after that exchange on the shorter period, but learn what the longer image is telling you.
    Additionally, for the time being, when you are learning, eliminate the MACD, it is only helpful at particular times, and you'd be better understanding to make judgements only on what you see on the displays, not relying too many indiors.
    With practice the charts become clearer to you. It's the ONE BIG thing I've heard since joining the Forum, a clean screen is a great display
    Give it a go, it appears hard at first, but Forex trading is challenging, and the learning curve is quite steep. There is not any magic indior that can let you know exactly what to do. Learn how to understand price and the way it reacts over time - remain out of news announcements (by checking the Forex Forum Calendar every day until you exchange https://forexintuitive.com/discussio...-ibook-g4.html) till you are actually good.
    I've run out of steam today, so take care and decent fortune

    Pete

  4. #4
    Nimakahki You also might have a look at this thread it covers the triple screen trading egy, hope this helps just a little.
    http://www.trading-naked.com/library...ing_system.pdf

  5. #5
    The gist of Triple Screen Trading is that you study longer time frames before commerce decisions are made on the shorter time-frame, and was created for stock trading but the principle is exactly the same for Forex.
    By the way, this is among the greatest sites for doing your early search and understanding the tools you're using.

    http://www.investopedia.com/articles.../03/040903.asp

    Pete

  6. #6
    Quote Originally Posted by ;
    The gist of Triple Screen Trading is that you study longer time frames before trade decisions are made on the briefer time-frame, and has been created for stock trading however, the principle is the same for Forex.
    Incidentally, this is among the best websites for doing your early study and understanding the tools you're using.

    Http://www.investopedia.com/articles.../03/040903.asp

    Pete
    Thanks for your articles. . I will take a look. .

  7. #7
    Quote Originally Posted by ;
    Hi

    Well im a newcomer but I actually like to trade usdchf. They've a nice moves down and up.

    When we get the news in this way below, how do you trade and what does it means correctly and the way eould you trade it:

    $-Swiss @ 1.2396/01....Bearish bias.
    R: 1.2410-16 / 1.2454
    S: 1.2362-57 / 1.2333
    There was additional drop to a low of 1.2379 in the $-Swiss and with this the pair remains bearish biased currently. On the downside the important Support would be arriving in at 1.2362-57the latter being the 200-MA on the 4-Hourly charts. A break below this would see the pair target 1.2333, which is the statistically projected Max Low for the day.
    About the upside powerful Resistances are coming in at 1.2410-16 and then at 1.2454. The Bearish perspective holds at the minute but traders must only on rallies today.


    Thanx
    Hello nimakhaki
    A word of warning, you don't trade a currency because it looks pretty on a chart, USDCHF includes a lot of volatility and you could get burnt speedily.
    At your point you should be getting to understand how to read charts, know how to observe the connections between pub, or candlesticks, patterns and how they can help you spot opportunities, or avert trouble.
    Study this link to further your own eduion and DON'T trade real cash yet.
    https://forexintuitive.com/discussio...r-3-study.html
    Peter

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information