Sive,
I would like to help out as much as I can. With your permission and the people at FPA I would wish to be able to answer some of the questions which are posted to you. I am not talking about the heavy technical stuff. But mostly those which arise from people not reading the basics or not been here from the start. I think I am not stupid enough to be putting my foot in it.
The FPA guys can help by putting this into a special section.
My intention is to help out and nothing beyond that.
Ernest
Hi, Ernest,
I will appreciate that. I've told somehow already. If somebody is asking something, and you guys know the answer - do not hesitate to answer. It's OK.
Sive,
I commend you for extending your educational analysis so traders can learn how to base their trades upon logical market structure. Hopefully they will take the trouble to learn rather than follow your trade ideas like a flock of dumb sheep.
It has concerned me that the Henry Liu news trading analysis on FPA chose to extend into making random calls leading up to news events without any sound basis upon which to take the entries and then without any guidance for trade management. Bearing in mind a high % of FPA followers are very obviously novice traders I felt that was extremely irresponsible.
In this context you are filling an important gap and novice news trading thread followers would do well to pay close attention to what you are teaching here.
I am fully aware of the considerable time you spend preparing your charts and reports. I hope trivial and/or lazy questions from some repondents will be minimised to avoid imposing further upon your time. As you said you do need to be permitted a little time for your own trading !
David.
Hi Dave,
In fact, I spend most of time time on preparing researches rather then on answers in the thread.
But this is also important, thanks.
Concerning Henry... Well, I do not think that all stuff is so obvious. He has passed his own difficult way to success, and he has found his own way of trading that is suitable to him. In fact, hi did the thing, that everybody should to aspire to - find your own style of trading.
Although this style of trading is not suitable for me, I think that it not bad, because it can swell your wallet
I see only one problem with this approach (may be because I do not use it) - this style of trading is very difficult to apply to Crude Oil for example, or S&P...
Hello Sive,
can you advise what platform do you use to generate those charts with the multi-Fibs shown?
do you have the indicator for MT4?
Hi, this is CQG. It's rather expensive, so, I think that if your assets 100K+ it's make a sense. As I know, such kind of multi fibs does not exist for MT4.