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Trader_1707

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Everything posted by Trader_1707

  1. , that's a great question, everybody here wants to know the answer...
  2. buy low, sell high was mentioned by yesterday. perhaps, he had already wrote about this before - i can't remember when. but i myself sometimes use this so-called trading principle and think it can be applied to IG daily vanilla options trading (Indices,FX,Commodities)
  3. that's a good idea with your "buy low, sell high" i think it's worth trying this on vanilla daily options.
  4. buy low sell high Definitly, there's something in it. may be this will better work out on flat market?
  5. Of course, technical analysis does not imply the creation of exact signal to enter the market. Technical analysis, Dow Theory, price action,… etc are just auxiliary tools for market analysis. There were times, when I used only step by step multiple time frame analysis without any indicators - for example, by analyzing the higher time frames, I see that now it’s not a good time to enter the market, but to wait 2 or 3 hours, to check the behavior of price and only after to make a deal - is the best variant.
  6. i think the most suitable applying of technical analysis is in several steps: 1) considering fundamental analysis; 2) "walking around" on different timeframes from lower to higher and analysing on which timeframe the price will change; 3) using of Dow theory (higher highs, lower lows), price action; 4) matching previous 1,2,3 items with technical analysis indicators.
  7. , you as Guru of technical analysis:manwink:, what can you tell about so-called "jumping" of the price from the middle line of Bollinger Bands (also from other two lines of BB)? is this statement correct or perhaps there are some tips and tricks?
  8. hi ! I am also very interested in Bollinger Bands strategy. I think it's worth to pay attention on the middle line - when the price touches this line, the trend turn the opposite direction. Do you have any other "secrets" of using this indicator?
  9. Something tells me (not techincal analysis) that the uptrend of FTSE is not for long time. It's an interesting situation to observe.
  10. I think this situation must be observed during a time. Because this divergence must work out. Of course I am not the follower of technical analysis, but on my practice momentum divergence works out soon or later.
  11. That's correct concerning correlation of FTSE and GBP, but what about the momentum divirgence?
  12. hi , ! have a look at the FTSE daily chart - if to use the Momentum indicator, it's seen strong divergence and the price will go down for a several days. So the technical analyses works rather good.
  13. There is another upstanding method for analysing the market - it's the dollar basket chart - US Dollar Index. Though the most strong influence this 'basket" makes on EUR/USD as it has the biggest weight in the total proportion between major US pairs, but i think it's possible to apply the chart of dollar basket to other partials: GBP/USD, USD/JPY, USD/CHF, USD/CAD and so on. So - called another variant of technical analysis.
  14. , as far as i remember from read books about Warren Baffet, his nickname is ORACLE. I think this is the key to his success)))
  15. Trading is the combination of technical analyses and fundamental analyses. And which one is prevailed at the moment is the decision make sometimes by intuition. There are some cases when fundamental analyses outstrips the technical analyses, but there are some cases when the situation is quite the opposite.
  16. hi, ! Concerning the theme about correlation. Oil prices can affect also on all major FX pairs, i think many traders noticed that during significant oil price movement (up or down) - the EUR/USD or GBP/USD moves in the same direction to oil prices, i.e - oil moves up - EUR/USD or GBP/USD moves up. But there are moments that this correlation doesn't work out, i stil cant understand why?
  17. all this is good, and what kind of correlation pair has FTSE? this question is running in my mind for a long time.
  18. thanks. that's a very usefull picture in such an amazing form))))
  19. May be simply to trade only on the basis of correlation of commodities and FX pairs? For example, Oil - USD/CAD or Gold - USD/CHF?
  20. thank you for the comprehensive answer, , its obvious of using the analyse of higher highs and lower lows, may be will be more better to use also multichart analyses? (together with indicators such as ADX, Momentum and Stochastic Oscillator - as for me I use only these). I mean simultaneous multichart analyse, that is three charts on one screen: in the middle is the basic chart with timeframe of trading, on the left is the chart with the smaller timeframe, and on the right is the chart with bigger timeframe.
  21. , for me was always interesting, when the ADX line, after long-term growth, change the direction (ex. from rise to fall), making in this moment the so-called "barb,jag". So, what is the market in this case - trend or flat? Fundamentally, the trend in this case is still continuing, but looking at the price, it is seen that the flat market is emerging:smileyfrustrated: what would you do in this case? to use stochastic oscillator? or continue to follow the trend untill the ADX would reach the value 20?
  22. I am thinking now about how to use Directional Movement (DMvt) or ADX at best value. May be to estimate the line position of DI+, DI-, ADX ( I mean if the ADX line is rising, and DI- is in rising position, DI+ is in falling position - its the downtrend and so on). There can be many variations of "intercommunion" of these lines and consequently, there can be many variants of trading, depending of the time frame. Or may be in addition to the analyse of lines ADX,DI+,DI-, to use the general multichart analyse?
  23. , these your words are the best rational decision in this situation: "To wait and to see what FCA will do and on what time scale"
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