For me, this is your BEST article ever! Wow you got a good following , and you have me aswell good job. Switch to TradingView chart. Analyzing a Forex Fibonacci Retracement Strategy. It's really nice Sir!!
Features of a Line Chart
The obviously beautiful layouts, tons of trend lines, support and resistance levels and indicators are nice to look at but interpreting what they say is difficult.
Even though the setup is pretty good you do not take it because you are paralyzed by the amount of technical data you are having to analyze. You have been officially paralyzed by your own analysis. It happens especially to traders who have been into trading between 6 months and one year which is the period in which people become a little bit obsessed with perfecting their entry techniques from what I have seen at least.
If you feel you are in this situation, then you need to make a change. When I got paralyzed by my analysis I found out that the absolutely best solution was to go back to the simplest form of a trading chart, the simple line chart. This is a setup that shows you price action merely as a line moving on your screen, it is fantastically easy to interpret and it shows support and resistance levels with a clarity that is not rivaled by any other type of chart perhaps only by renko charts.
The simple line chart easily allows you to determine where price is headed and to draw support and resistance levels without breaking a sweat. Checkout Nial's Professional Trading Course here. Jon P January 1, at 5: Taseen September 17, at 6: Pavel July 26, at Best blog that i ever read. Mohd Zhafran March 7, at Bashir February 12, at Kanz December 10, at 6: Jotex December 10, at 3: This article is mind blowing.
Lee August 7, at Sanjay July 2, at 2: Thank you so much. Karen June 13, at 1: Nial, thankyou for todays lesson. TasosK May 28, at 6: You make the whole issue look so simple and easy…!! Cezary May 23, at Dean May 8, at 5: GlobalTrader March 11, at 6: Great as ever…thank you Reply. Bob February 19, at Ron January 31, at 6: Dick January 7, at 9: November 22, at 5: Henry November 11, at JOE November 10, at 5: Hi Nial, This is an invaluable article.
Nasir October 29, at 2: Thanx Nial n God bless Reply. Dean October 26, at 9: For me, this is your BEST article ever! Steve October 23, at Robert Garrison October 23, at Thanks nial really good information, patience is my big problem.
Jose October 23, at Aryan October 22, at 6: Peter October 22, at 6: T Allen October 22, at 3: Great Article Nial and thanks for the illustrations with charts. Hi Nial A realy good refresher lesson for me, it realy is about keeping it simple.
Many thanks Steve Reply. Hi Nial Great stuff I shall practice this stratigy. David October 21, at Gurpal October 21, at 8: Hi Nial, Hope you are well. Thank you for all your help Thanks and Regards Gurpal Reply. Bohumil October 21, at 7: Roger October 21, at 7: Hi Coach, Thanks for spending the effort to put up an enriching article like this.
Lucas October 21, at 6: All the best for you!! SAMM October 21, at 3: Colin October 21, at John October 21, at Ashwani October 21, at 8: There is nothing like simple. Irfan gani October 21, at 6: Alois October 21, at 4: Hi Niel I was thrilled, not many understand. Shyam Thapa October 21, at 1: Nial Sir, I am a stock day trader using all your price action set ups and getting success day by day.
Kori October 21, at Anton October 21, at Hi Nial, clear explanation and concentrated wisdom. Paul October 20, at Hi Nial Great stuff as always.
Thanks for your support Nial. Dennis October 20, at Thanks to your articles Reply. October 20, at October 20, at 9: Hi Nial Great article! Jacek October 20, at 9: Lionell Dixon October 20, at 9: Thanks for another Great Artical Nial!
I spent many years to test the system, learning to a forex millionaire, and finally we successfully combine 23 indicators that can predict the future. This currency trading technique, trading strategies and forex signals are new and unique, which combine the analysis of best forex signals and best forex robot.
For that to earn huge profits with little risk, we use a robot to open sell positions when opportunities arise in 5m or 1m.
So, my forex strategy is very different from the currency trading strategies in the market. I am using VPS and put the best forex robot at 1m or 5m, but I still monitor the trends at H4, if the trend will turn around, I would be prepared to close all open positions and getting put forex robot in the opposite position. You can see the pictures how forex robot and forex signals works below. Check my performance in MFX account.
Forex Lines will prove useful for all liquid markets, regardless of your currency trading experience.