Recent content by Fisherfisher

Hello, I have been trading FX using technical analysis and am struggling to become consistent. When back testing the market moves randomly and I cant seem to find a edge. I don't know anyone who trades and sometimes feel like its not possible to beat the market and be consistent using TA. Is...

Thanks for your input :) so wait for a higher highs and higher lows to form a trend, enter at previous high and then hold until a lower high has formed. I agree indicators ect are over complicating things.

Ill keep at it, I don't know anyone who trades so sometimes its hard to know if your going down the right path. Trying to learn from the internet is hard as there is so much bad information and everyone seems to have a course for sale which makes me question them. I have been learning for a few...

yea I use trendlines also and keep an eye on round numbers. Maybe I should use a couple of confluences. If previous resistance is lined up with a fib level and trend line then take the entry. when going over the charts I seem to find a strategy that works but when backtesting with soft4fx (...

For example in this trade, daily and weekly are in a uptrend so I look for longs. I wait for a 4hr retracement for a entry, in the image price pulls back to the 50% fib, I would put my stop under the .618 fib and aim for -.27 fib. but some would reject .382 fib, .618 or .786 would you just enter...

Hello everyone, I have been trading using price action only using the weekly and daily charts to find the trend and the 4hr for a entry and exit. I get the direction of the trend right most of the time but I get stopped with poor entries. I am trying to find a good confluence to use for an...

Its good to have a simple system to be able to stick to. What type of win loss ratio is it producing?

Hi, good luck in your trading. I've been trading part time for about 2 year and still getting my head around it all. Ive thought about going full time but its big step! Hows your trading going so far? have you self taught yourself?

WOW! great post Atilla

I really appreciate your input, good advise is hard to find! ill have a look on my entries and find away to make sure the trend had reversed before i enter the trade. Along as i can make a consistent profit however much it may be id be happy :cheesy: I'm determined to make a success of this.

Thank you for testing the system, i have been trying to improve it and i think i am going to use the adx indicator aswell. Using rsi 33 or 66 for entry then rsi 66 or 33 to when the di+ and di- cross over against the position (- over + on a buy) for an exit.I think this will help cut loosing...

Ok thank you

Thank you I really appreciate your time, what software to you use to test your systems?

OK thank you, I was thinking of using a moving average as well.

I was going to use a daily chart to hopefully deal with the time I'm at work. maybe using rsi to confirm a trading pattern is the best approach. thank you for your advice