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kiy

Followers 53
Posts 16175
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Alias Born 08/19/2010

kiy

Re: kiy post# 1171

Friday, 08/03/2012 2:18:28 AM

Friday, August 03, 2012 2:18:28 AM

Post# of 19859
simple enough...
See post replying and first post thursday on NEWS driven Markets and recent comments on trend and moving average...note the comments about support/resistance I made last few days and their importance...and reading your indicator when price is at these chart lines...don't want to here it from me...here's a trader speaking from experience...
Some basics with a focus on currency charts...currencies are not always that easy to trade,,,note his reasoning for not speeding up the settings on the indicators...choice he makes is his experience says slow it down and listen to what he says about 1 and 5 minute trading="YOU'RE in for the EXCITeMENT"...the correct word and my word is...IT IS GAMBLING...its the same debate I had with ziko on the difference of a 2 or a 3 RSI...I have no use for a 2 RSI but can see some advantage of a 3 RSI...then the fact is you need one hell of a lot of experience with the basic settings of an indicator before changing it and doing this on a 5 minute chart makes it even more crazy...I seldom speed up an indicator without having the basic setting of that indicator there also...
One hour here is good=...Basics...
Top Ten Basic Technical Indicators
***Alex...INTRO page...?...for this link basic trading understanding some of the more popular indicators




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