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metalhe4der
Jan 23, 2014 6:07 PM

Quick charting advice/reminder - Aussie trend Short

Australian Dollar/U.S. DollarFXCM

Description

Saw this opportunity, figured I'd share it in case it helps anyone. Don't fool yourself into using indicators you don't really need. If you happen to understand the indicator you're using completely, worked out, and back tested a certain system that works for you, - great. Otherwise, refrain from cluttering your charts if you don't need it.

It's all in the probabilities, figure out which patterns/opportunities work, and try to replicate those. [think of it as using the Pareto, 80/20 principle where you're maximizing what works, and dropping what doesn't].
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