I have been using an MVA cross over system that has been working for me for quite some time. The nice thing about it is that trailing stop below the one MVA manages my risk perfectly except for the fact that I get whipsawed on every singly move, thus failing to run the whole move and sometimes...
I trade the currency market and see that the trends change very quickly on the shorter timescales, and it is sometimes impossible to identify and trade a trend when this is the case. Any reason why this is the case ?
I understand it when people talk about buying in the dips and selling at the highs, but how do you bring it all together in the market to find an entry point and I am specifically referring to the forex market ?
I have been trying to obtain more information on basic Fibonacci analysis techniques as this is a style that has intrigued me immensely. Do anybody know of a source I can contact?