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quicksilver03

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Posts posted by quicksilver03

  1. Re: Price Action, Naked trading only

     

    What about using trendlines and support/resistance lines, is it still considered naked?

     

    As far as I know, anything you draw manually on a chart still falls under the "naked" definition. On the other hand, anything that's the result of a mathematical calculation (i.e. indicators) definitely doesn't.

  2. Re: Hedging is out

     

    I am currently with a US broker who will not allow hedging. Is there any easy way to take my funds out from my broker in USA to another in Australia - I mean is there any interbroker channel that's available in US?

     

    Have you tried contacting some Australian brokers already? Perhaps such a channel exists, or they might have something similar to help you transfer your funds to them. They should definitely be able to advise you on the best course of action.

  3. Re: I NEED HELP WITH FIBONACCI

     

    the greatest challenge i am facing with Fibonacci is determining where the market is going to be heading.

    sometimes i make the setup for sell and it ends up buying instead.

    can anybody please shade more light on how to setup Fibonacci on a chart properly.

    thanks

    paragon.

     

    Try looking for the most recent highs and lows (for example on a 4H chart): draw your Fib from left to right, so if the highs are rising you'll have a setup on the long side.

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