Hi there,
I have some time reading around this site , and after i have made some research on my own, i found that i need an extra hand from fellow traders...
this is what i would like to do, i am a daytrader at heart and i know currency do a lot of trending, and i have the trending part of my strategies covered, so that is not my problem, my problem is when the market sideways, and my questions which i would like some advice are the following:
1) is there a way to know before the market goes sideways?
2) is there an indicator that could tell you the strength of a price movement so when i do some of my daytrading-scalp type (5 or more pips) i dont get caught or extremely small movements?
3) anyone here does extreme short term (like catching lotsa over 5 pips moves,remember the spread commision) daytradings? i would like to know more about how to do it...
please dont recommend me to learn forex at some place, i have my experience background, i think my problem is that comming from the stock market which price movements were pretty fast i could spot short term bottoms and gauge the potential,,, but my method doesnt seem to work on the forex market... so that is why i would like some advice..
thanks for your preciated time and willingness to help me out..
Ivan Seidl