FX_IDC:USDAUD   U.S. Dollar / Australian Dollar
23 2 1
Very new to forex trading, simply trying to formulate a trading system and going over some of my techicals I thought I would share it with some of the newbies out there such as myself. Seems like an assured trade setup. Also a very strong sell signal depending on the individuals attitutde to risk and available capital it would be a very lucrative trend ride.
I want to start using this tool in my drawings: https://www.tradingview.com/stock-charts-support/index.php/Short_Position
And then set it up in areas where a double top is formed but it didn't do as well as this one, say 1999-8-3 to 1999-11-29 forms a double top, but it fails, figure out your plan to get out if the trade goes against you (use of trailing stop or just static stop level like the tool does to generate a risk/reward profile for your trade plan, higher the ratio the better)

I'm pretty new myself to all this, there's a lot to learn!
Reply
Graignm09 MindsForge
Yeah mate there's so much to learn but I am going to be posting more charts just to familiarize myself with indicators, hopefully I can sort of emulate most of the current and future charts into a respectable system that also works.
Cheers!
+1 Reply
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