I found a lot of our older members doing great charts and describing the tendencies etc etc.. I really expect to learn, but where do I start? Forex appears to be so large. Anyone can direct me on how to get me moving?
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I found a lot of our older members doing great charts and describing the tendencies etc etc.. I really expect to learn, but where do I start? Forex appears to be so large. Anyone can direct me on how to get me moving?
Only throw it in the wall and if it doesn't stick then it is probably ready... Oh wait, that's rice
If you want to know about indiors, then you should research a little C programming, or at least become somewhat knowledgeable about the programming of the indiors you want. To see the coding you use the Editor. The simplest way to start the code is to right click an indior and then click Modify. The indior will need to be in the Custom Indiors folder to get this done. Then the Editor will start the programming of this indior.
Allow me, for an instant, to jump your knowledge forward to near pro level. Okay? Observe how you will find coding related to some form of word utilizing MA or utilizing Moving Average Array. You will notice that in many indiors. This signifies is that the indior is measuring the range space, the price moves in the number of phases you input into the indior. There are a number of factors, like slowing, which in essences is simply adding to the initial input number.
Example. Draw a 10 period moving average on your chart. Then open a Stochastic Indior and set it into 10/3/3. The ranges from 0-100, hence 50 is its midpoint. Each time the stochastic crosses the 50 point line, what exactly did price do at the moving average?
For the most part, many indiors behave this way. If you're trading from your 10 SMA, then set all your indiors into ten intervals, then probably they'll all tell you when price goes below or above the 10 SMA at precisely the exact same time. Their ranges will vary, or in other words, the way that they tell you how far away in your 10 SMA price is changes. But at the cross of this 10 SMA, all of them say the same thing. Since they range otherwise, some reveal the cross using their own 0 line, while some others, such as stochastic, do it using a 50 line.
What does this tell you about indiors? It should tell you a lot. Additionally, allow me to also tell you that I developed an EA years back that could demonion trade moving average crossovers in the Strategy Tester in seconds. I could study any 2 moving average crossovers, and even any 2 pairs. In other words, if you use 2 time intervals and wish to exchange the 1/10 of this 5M chart only when the 1/10 of this 30M chart agreed. I tested and tested variations going into 200 periods and found there were no crossovers which made consistent profit. SOOOOO what exactly does that tell you about indiors? No moving average crossover is consistent, and nearly all indiors are composed against moving average crossovers. Now you know why I have a very low opinion of gurus telling me how to exchange, or trying to sell me anything. Nothing is consistent for profit, lol.
You can be profitable though. You need quantity, so you need to exchange when the traders are active. So Far as your indiors, they can be somewhat corrected, but that is an entirely different topic
Hi You can here https://www.cliqforex.com/trading-sy...s-markets.html Ratios Harmonics: a Different Way to Trade , then you can make it on your own discreation . These one pretty rugget , but a good PA start . You dont have to go extra miles , anythings you seen or never see , you will see it in cliqforex .
cheers
Dear, no need to learn any indior
indior is meaningless unless you are a high level professional with powerful statistics and math, in that scenario, you take the path of wall st quants. If not, then read price.
Our intention is to predict, everyone knows that, but not everyone know how
for 'how', you need to learn how to read and decipher the price first
drag a chart, and examine it from the very left, and why it dropped? Why it dropped out of here? Why it dropped to there? Why it fell in such a quick pace (or slow way). If it dropped like this, that must mean xxxxxx occurred. Why it fell and then reversed, then dropped again??? .... Day by day, month by month, gradually, you are able to decipher exactly what the price has been doing from the very left to continue pub. To put it differently, you know what the price has gone can sensibly tell the story. This day may be years after today, but you also make it on this day!
Btw, your concept (of decipher price move) doesn't have to be real/verified. If only your concept exists harmonically with the market price move, your theory/trading will be OK.
Last, learn and practice concurrently, do not only do only 1 item. By practice, I mean investing.
Read Wyckoff's Novels. They are available in the Wyckoff forum in Trader's Laboratory. This can get you thinking about the market in the right manner- i.e. not in terms of candles and indiors, but with respect to the market being a continuing market involving buyers and sellers. Every transaction is the result of a buyer and a seller agreeing to a price. Price stops moving up since sellers ran out of buyers - price must then fall to find the next willing buyer. Price stops going down when buyers run out of willing sellers. Price must then rise to find willing sellers.
Best of luck -
Start with the stuff that is free. Babypips and Forex peace army colleges. Afterwards pick a trading style and also specialize:
You require a lot of screen time but if you want to abbreviate your learning curve, then need to read this book.
Fundamental technical analysis include forecasts on various timeframes support and resistance levels and Moving average indior. It's simple to grasp its equity yourself - await abrupt spikes and drops and follow their motion.
Because all seniors, will start Baby Pips, oh Measures
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