Here is a quote and a chart posted by blackeagle on strats thread way back in February this year. See how stress free trading the daily, weekly and monthly charts can be. Every one of Blackeagle, Strat and Alexandras posts are priceless.
”This is what I have. I see 92.30 and 94.50 SRs and the TL from 2007 [...]
Everyone who uses support and resistance to trade with will give you a different explanation about the right or wrong way to draw your support and resistance lines. It is my humble opinion that no one way is either right or wrong. They just have to be right enough for “YOU”, to have the confidence [...]
The only thing I can add is that remember you are only still learning – don’t beat yourself up that you can’t see these or that you see obstacles preventing you from trading. Most newbies just jump in head first like Rambo without any thought of risk. You have progressed beyond that and are recognising [...]
Here is a link to a brilliant thread / article about how best to trade using the support and resistance method.
http://www.forexfactory.com/showthread.php?t=206723
How to trade support and resistance
It tells you how to draw accurate support and resistance levels and how to trade support and resistance properly.
What is support and resistance?
Why do you think price has a tendency [...]
I have yet to find a robot trading system that is consistently profitable without incurring huge drawdown.
However I have found a Zulutrade forex signal provider that makes consistent profits.
After 9 months of testing 100’s of Zulutrade forex signal providers I can finally announce that I have so far found just one trader I am happy [...]
A change of pace today people and possibly the best bit of free forex trading information you will ever find online. I must apologise for my lack of posts over the last few days, not because I haven’t been trading or making pips, I just felt like a break from making charts and typing.
Anyway before [...]
Trading using support and resistance is one of the oldest methods of trading the forex currency markets profitably. Pure price action combined with support and resistance analysis is a very reliable method of spotting trades. Dan Armitage, Zak Lloyd, James Boord and Hemal Pandya are the live forex teachers in the www.fx500club.com and they will [...]
Why bother with offline forex trading seminars when the professional forex currency day trader teachers in the www.fx500club.com live online forex currency day trading school, show you how to spot your own trading opportunities, they also call live trade setups in the room and also send forex signals to your email or mobile phone, the best of [...]