Quote:
Originally Posted by GallantFX
Fundamentals Vs. Technicals....as each trade entered by an experienced trader is done after both the technicals and fundamentals are looked at, each trade swings its focus more to one of the two; for example during a news release its more fundamental, and during session openings it's more on technical.
Felix provides excellent fundamentals for new releases......Has anyone had good experiences with technical resources? (FXbootcamp, Rob Booker, etc.)
GFX
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as an ex-equities technical trader for 20 years, I "discovered" Forex 2 years ago, and aside from long term investments in the normal commodities for my childrens trusts, Ive never looked back.
Using the LRC and a touch of experience, one finds Forex to be phenominally technical, even during news when it will reach reasonably easily established resistance (or support) points. But what becomes even more fun is that given a short amount of time, the currency will RETURN TO ITS ORIGINAL TREND, ALMOST TO THE PIP it was at when it diverged.
If that aint technical trading at its best, I dont know what is !
and in full agreement, Felix doesnt tell you HOW to trade, but what to look for in a trade, and while some newbs may want it handed to them on a silver platter, it sure is enough for me -- Kuddos to an experienced trader !
enjoy and trade well
mp
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!