...Block out all the noise and keep them simple.
You MUST keep trading simple, this is one of the biggest rules to succeeding in these markets! I see people with 1 million different things going on when they chart up, 100 different trendlines, 200 different support and resistance levels, ask yourself how the hell are you meant to see what is going on? Too many things on your chart will just confuse you. You can also make money off trading just a handful of pairs, no need to keep looking at every pairing going as again that will just confuse you.
Keep it SIMPLE like my GIRLFRIEND haha.
On the chart you can see a psychological level of 1.16 drawn on, i think if price closes below this at market close this week then we will see some downside moves of around 200 pips to 1.14 support, which as you can see has been used as lovely support and resistance previously.
Next week will see some volatility in USD as we have NFP and the debt ceiling crisis (if you dont know what this is then message me and i will be happy to go through it with you) So please trade carefully if you are trading.
If you have any questions then please just ask.
Cheers.
You MUST keep trading simple, this is one of the biggest rules to succeeding in these markets! I see people with 1 million different things going on when they chart up, 100 different trendlines, 200 different support and resistance levels, ask yourself how the hell are you meant to see what is going on? Too many things on your chart will just confuse you. You can also make money off trading just a handful of pairs, no need to keep looking at every pairing going as again that will just confuse you.
Keep it SIMPLE like my GIRLFRIEND haha.
On the chart you can see a psychological level of 1.16 drawn on, i think if price closes below this at market close this week then we will see some downside moves of around 200 pips to 1.14 support, which as you can see has been used as lovely support and resistance previously.
Next week will see some volatility in USD as we have NFP and the debt ceiling crisis (if you dont know what this is then message me and i will be happy to go through it with you) So please trade carefully if you are trading.
If you have any questions then please just ask.
Cheers.