Forex Trading Price Action Blog
Subscribe to YouTube: Read more. No setups spotted today, but I discuss last weeks failed setups, and explain losing streaks in Forex. The USDCAD setup looks very good, so keep a close eye on it. When you see a chart with a ton of indicators and trend lines, it is likely a trader trying to overcompensate for a lack of certainty.For example, Forex Trading Price Action Blog have talked with traders whose screens look something like the picture below.
Too Many IndicatorsI have even seen some traders that will have 4 or more monitors with charts this busy on each monitor. When you see these sort of chart configurations, you hope that at some point the trader will release themselves from this burden of proof.What if we lived in a world where we just traded the price action. This means no lagging indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend.
Price charts reflect the beliefs and actions of all participants (human or computer) trading a market during a specified period of time and these beliefs are poWelcome to My World of Forex Trading.Welcome traders to my Forex trading blog. My name is Dale Woods, and like you - I am a passionate retail trader. Continua. Fanatical Analysis, Tangible ResultsFor the past 8 years, ParaCurve has been an information provider for those seeking definitive clarity in price action trading, analysis, and chart forecasting.
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