Hi Anamorphic
Have a look at Niel Fullers site trading the day chart, ie each bar is very good and the strategy can be adapted to trade on the 4hr and 1hr chart
Have you seen now dont quote me on the spelling I think it's Neil fuller trading the daily chart pin bar action, check that out it is a very good start IMHO
Price action alone is the only way I have ever made money, regardless of what market it is, the more indicators, alignments (based on historical averages) the more confusing IMHO
Price action all the way
I started my trading journey properly about five years ago. I spreadbet and after having tried several different instruments, time frames, indicator strategies and spreadbet providers I have settled with trading the S&P daily on a one hour chart. I trade from 08:00 to...
:smart::smart:Broking is very different from trading. Don't go to uni first go and travel and see some amazing places, throw yourself into a culture and language environment alien from your own, if you survive that you will handle most things. Just going to uni will be fun but you are...
Rules - you need a trading plan one that has been back tested by you, trade an instrument you understand, don't over leverage yourself, set stops - know your entries and exits. Don't over trade.
I started off using Finspreads they were pretty good and moved to CityIndex last year. Their old platform wasn't the best and they earned a reputation for it. However they have now released a much slicker version which I am happy to report is excellent, although in periods of high volatility eg...
This is the strategy I have been using for the past few days and it proving to be my best yet. I use no indicators at all.
I assess the range from 07:00 to 08:00 GMT and plot the high and the low. Using 5 minute candles I wait till either of the extremes are broken and the candlestick closes...