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Hi Marc,
Please help!
I'm just getting so bamboozled by what is probably referred to as analysis paralysis - by trying to incorporate too many studies into my analysis - yet everybody else seems to incorporate this much and more into theirs, from what I can gather.
I've traded the Australian market unsuccessfuly for a couple of years and have now been trading the USA market for 7 months. I have also been unsuccessful at this, although have only lost 20% of my account rather than 80%, so that's an improvement I guess! ... but the other contributors to this forum seem to be making comforatable profits with ease.
I'm using AGET EOD and have been primarily using daily charts, placing orders in advance during our Australian day and then sleeping while the USA market trades. I've been facilitating this with contingency & limit orders etc.
Just when I think I'm relatively educated and getting the picture agian, I read some of the posts here and realise I have no idea of some of the abbreviated terms the guys are using. Also (on the GOLD post for example), you guys see stuff on the charts I just don't see, with reasoning to support your claims that I cannot see either.
Today I've looked at probably 20 different charts and just can't work out anymore what might be good and bad trades. This is not to mention the fact that none of them seem to have a risk/reward of anywhere near 100% or more.
Your advice and encouragement would be most appreciated.
Please help!
I'm just getting so bamboozled by what is probably referred to as analysis paralysis - by trying to incorporate too many studies into my analysis - yet everybody else seems to incorporate this much and more into theirs, from what I can gather.
I've traded the Australian market unsuccessfuly for a couple of years and have now been trading the USA market for 7 months. I have also been unsuccessful at this, although have only lost 20% of my account rather than 80%, so that's an improvement I guess! ... but the other contributors to this forum seem to be making comforatable profits with ease.
I'm using AGET EOD and have been primarily using daily charts, placing orders in advance during our Australian day and then sleeping while the USA market trades. I've been facilitating this with contingency & limit orders etc.
Just when I think I'm relatively educated and getting the picture agian, I read some of the posts here and realise I have no idea of some of the abbreviated terms the guys are using. Also (on the GOLD post for example), you guys see stuff on the charts I just don't see, with reasoning to support your claims that I cannot see either.
Today I've looked at probably 20 different charts and just can't work out anymore what might be good and bad trades. This is not to mention the fact that none of them seem to have a risk/reward of anywhere near 100% or more.
Your advice and encouragement would be most appreciated.