Recent content by dkoleary

I want to study macroeconomics so I can understand the forex market more for my own personal trading. This is because I want to be in forex or other investments for a large part of my life, so I thought it would be better if I understood everything at its core.

This is just imaginary at the moment. I'm sure if i actually created this, there would be a few improvements to make, but I just hate seeing open/close in charts - i currently just use bar graphs (i.e. high/low only without the open/close) I read a lot of this thread and it opened me to a...

Highs and Lows actually show how volatile the market was between that interval, whereas opens and closes are merely just random trades at the start and end of the interval which don't represent anything significant at all. I'm not saying that analysing candle sticks will not work at all. Of...

Ok, but say for candle-sticks, you honestly cant tell me that that is an objective indication. I have come up with a better graph: - graph all the highs and lows for the period and also graph the median prices. You will end up with 3 lines on plotted. Clearly shows the volatility (space between...

could you please tell me a little more about Forecasting, and recommending me some books. Thanks.

Well I'm not saying they don't work. But I have yet to see proof that they do work. When I say proof, I don't mean just someone's success, but I mean hard evidence of how and why they work. Now, on the other hand, FA doesn't necessarily have much proof to back it up either. I am simply...

Ok, when I say TA is bs, I am talking about things that have no clear explanation at all, things that people say they work but cannot offer any reasons as to why. And this is exactly why I don't like TA. I don't like making decisions when I don't understand why I am doing it. Please keep in...

I am a newbie, have been reading forex stuff for about 6 months on a daily basis. I am now interested in trend trading over timeframes of few days to a week or so. Where I can make a trade and come back when I need to close, without having to watch the charts all-day long. After a lot of...