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Thread: 1349129- Toxic's Strategy for Trading EU and GU

  1. #61 You can automatically minimize the read posts in your account in the 'Forum Settings'
    I just can't quit pips!
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    @toxic
    i love your way of analysis of this strategy but i want to give you few advice if you would take them.
    1.try to also use pivot point analysis to corroborate your support and resistance analysis it works very fine.
    2. Don't make the mistake of taking support and resistance as a price point but rather as an area. What i means by this is that assuming a resistance line falls exactly on 1.4459 don't take this price as your resistance point but rather give a margin of error of like 10 to 15pips hence you take the resistance area as between 1.4444 to 1.4459 it can save a lot of trades

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #62 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Quote Originally Posted by seadoffx     
    @toxic
    i love your way of analysis of this strategy but i want to give you few advice if you would take them.
    1.try to also use pivot point analysis to corroborate your support and resistance analysis it works very fine.
    2. Don't make the mistake of taking support and resistance as a price point but rather as an area. What i means by this is that assuming a resistance line falls exactly on 1.4459 don't take this price as your resistance point but rather give a margin of error of like 10 to 15pips hence you take the resistance area as between 1.4444 to 1.4459 it can save a lot of trades
    Thank you for your advice mate. I will keep an eye on those in future.

    THREAD closed as account's equity is too low to recover.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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