there is not much i disagree with you mick, by and large the view or the way of thinking must be correct to make money, with this view we must consistently apply it as tho there is no other view, if it makes up our reality from experience.
I have read your thread, 'can it get any easier' but even after countless attempts to make fibs work for me, i have failed, this is not to say they do not work because I have found them to be accurate in hinde sight, it is just in the hear and now which I have found difficulty applying them and the level of discretion needed to spot them has confussed me, but needless to say anything where you are taking direct reference from price is in my opinion the most effective way to trade....
you are participating on a thread:
http://www.moneytec.com/forums/f78/m...odollar-22396/
which i am giving my insight and way of think to approach the markets...i will not discuss the tactics i employ as my edge is hidden within however the way i view the market has merit and has many parallels to general trading even outside of the forex market.
the principles to trade anything in my opinion are one in the same, buy cheap sell for a profit....I just find amazement how this very simple concept to make money is completely disregarded in the area of financial markets..that very few actually sit down to think about how they would determine if something was cheap to make them want to buy it or expensive to make them want to sell it..and this is where the majority of my research and thinking has stemed from...
best wishes.