Hi, Charlie,
I noticed that your friend uses a bit different technical indicators than you are. If you have a minute, can you explain in short your logic behind using yours? I am trying to learn the best combination and both you and ….. are the professional traders that make most sense to me; I also tend to learn best from what you explain. Thank You.
Andrej
I tend to use a number of moving averages such as the 8,21, 50, 100,200 and 500 as they can really help with short and long term trends. They also help identify support and resistance. I use my bands for identifying trade setups and as you will have seen they work very well and finally I use the most important of all, my momentum charts to tell me where the market strength is. I will try to remember to mention this again on Friday’s update…. Charlie
Friday’s live trading – $900 banked this morning….
Charlie gives a review of the currencies plus has a nice run on the Yen…..
3 Comments
Hi, Charlie,
I noticed that your friend uses a bit different technical indicators than you are. If you have a minute, can you explain in short your logic behind using yours? I am trying to learn the best combination and both you and ….. are the professional traders that make most sense to me; I also tend to learn best from what you explain. Thank You.
Andrej
Hi Andre,
I tend to use a number of moving averages such as the 8,21, 50, 100,200 and 500 as they can really help with short and long term trends. They also help identify support and resistance. I use my bands for identifying trade setups and as you will have seen they work very well and finally I use the most important of all, my momentum charts to tell me where the market strength is. I will try to remember to mention this again on Friday’s update…. Charlie
Hi Charlie,
What is this bands that you are using? How come the moving average help to identify support and resistance? Regards, Clodualdo