Shameful trading. Self-criticism.
This is forex in DC. EURUSD weekly chart.
After a year and a half, it became possible to close at zero :)
This is forex in DC. EURUSD weekly chart.
After a year and a half, it became possible to close at zero :)
I take this opportunity to wish everyone a Happy New Year! I wish everyone(each) then, what he(she) alone(itself) wishes for himself! :)
After a comprehensive analysis of the EURUSD monthly chart, came to the conclusion that the situation is rather uncertain and alarming, and if nothing is done, then the consequences can be unpredictable.
Here is a prediction. But even, guessing the direction of movement, making money can be even harder than not guessing, paradoxical as it sounds. You can stand in the direction of the guessed movement, but time after time, on pullbacks and hairpins, get stop-losses and, as a result, even on a strong guessed trend, drain the account. Who doesn't believe, such a situation can be easily simulated in any program for historical testing. That's why, Analytics, usually do not trade, так как они, In most cases, правы, and right-wingers almost always drain money.
Let's take, for example, trend systems — they are right in the right direction 30-40% time, but, Nevertheless, зарабатывают. That's why, the analyst doesn't even need to do anything — just follow the trader, trading a trending system and predicting sideways movement, opposite to the trader's signal — in 60-70% cases, he will guess the short-term direction of movement and will become famous all over the world for his accurate forecasts. :)
Forecasts by forecasts, analytics analytics, and the system by the system. This is in the sense of the previous post about fantasies about EURUSD :)
We look a few steps ahead.
here you go, on EURUSD formed, everyone's favorite, clearly defined figure Head and Shoulders. Possible options for further development of events:
1. Bullish bounce from the up line
2. Bearish breakdown of the line down
3. Wiring and Bulls, and Bears (ironing line)
4. Intermediate options are possible (not indicated on the diagram)