I've been trading for long but I finally realized that technical analysis is USELESS!!!
When I started to trading forex I made money...when I started to add indicators (moving average,macd,parabolic sar....) I lost money...So I came back and started to trade naked with only candle and pivots...and I made a ton of money...
But few days ago I was thinking:"Forex market is a 24h market and everybody can take his own close price to calculate theme..."so I tried to trade with nothing on my chart simply looking at the price action and at open, highs and lows of hours and sessions and I have to tell that I had ALL winning trade!!
Coming back to my thoughts I realized that the only data that all traders in the world have equal are 1 min, 5 min, 15 min, 30 min, 1 hour and weekly ones (due to the different gmt settings of our platforms!)...so we can find the levels we need to trade ONLY in these time frames.
Reflect and try to look at a naked chart only searching for open,highs and lows of sessions...It's so clear how to make money...
I'll continue to post next days..stay tuned!!!Don't stop follow me...I might surprise you;I don't have the Holy Grail andI can't give it to you...but I could give you some good advice if you want!!!!
PS:I've to tell that in all this time I'm posting on this blog I was contacted by only a few people...
I've done this blog also to share experiences...I don't eat you...come on guys...feedback!!