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Cantrell24x
Trading is all about recognizing a pattern in an indicator and going with it. Recognizing those patterns takes time and experience.
In my humble opinion, when these guys say, "I'll help you," take them up on it.
You will see different styles of trading...swing, trend, breakout, etc, but by being exposed to the different styles, you will find one that makes you say, "now I get it!" The light bulbs will go off.
Personally, I use a combination of exponential moving averages (EMA for short), Moving average convergence/divergence (MACD for short) and ocassionally fibonnacci studies. All of this in the context of 4 hour and 45 or 30 minute charts to determine trend and a 15 min for entry. What I see using those tools is different from what others see.
For example:
I had a position in USD/JPY yesterday am at around 2:30 est. Sold it at 119.75. Some got in at other times and still did well in the same trade using different tools and interpretations, but with the same conclusion. cha-ching.
Another trade EUR/$$ bought at 1.0495 in the afternoon on the Jan 9 with a vry tight stop loss. May target was in the 1.0525 range for the Asian session. The thought was good, the trade was not. Stop loss hit for a small loss before it went up.
You will find what makes sense to you, but only through study, hard work and experience.
Xtsunami
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