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Thread: Elliot Wave and Fibo for the Newbies

  1. #31
    I am so afraid of trading the news,however I like news trading,im wondering if u r using the egy of drawing on fib instrument on spiked candle and then input from 50 or 61 amounts? Plese discuss your news trading egy as these times the transfer gose against the technical in the time of news release,that makes trading the news very dangerous

  2. #32
    I really don't touch news trading at all. I've got an almost irrational fear of this, because as a newbie I got very badly burnt when I attempted to take action. Now I probably know more and I think I might do better, but I like to avoid it.

  3. #33
    Quote Originally Posted by ;
    I do not touch news trading at all. I have an almost irrational fear of it, since as a newbie I have very badly burnt when I attempted to do it. Now I likely know more and that I believe I could do better, but I prefer to prevent it.
    Precisely I withdrew my initial account,therefore lessons learnt but sometimes greed takes over and that I exchange safe n small lots news trading.your fear is very much rationale.

  4. #34
    Quote Originally Posted by ;
    quote exactly I withdrew my initial account,so lessons learnt but sometimes greed takes over and I exchange safe n little lots news trading.your fear is quite much rationale.
    Ah, I see now. I expect your trading will be quite successful in the long run.

  5. #35
    Quote Originally Posted by ;
    quote Ah, I see today. I expect that your trading will be very successful in the future.
    Thankyou ,yes it had been eye opener and I learnt so much after that,I have enhanced a lot.i am happy today,I did some news trading today and got 100 pips but with small lots ,being really cautious.

    Wishing you a luck Too

  6. #36
    Quote Originally Posted by ;
    quote thankyou ,yes it had been eye opener and I learnt so much after that,I have improved a lot.i am happy today,I did some news trading today and obtained 100 pips but with small lots ,being really careful. Wishing you a fortune as well
    Thank you!
    Did you utilize the Bank of England's statement about the interest rate?

  7. #37
    Quote Originally Posted by ;
    quote Thank you! Can you utilize the Bank of England's announcement about the interest rate?
    I'm using technical over fundamentals for trading,only read the fundamentals for the sake of trading. Last week there were couple of news on bank interest rates.we will see new lows n highs coming week.i follow the waves after the market moving news.

  8. #38
    I use the Bank of England's statement regarding the interest rate

  9. #39
    Quote Originally Posted by ;
    quote I am using technical over fundamentals for trading,simply read the fundamentals for the sake of trading. Last week there were few news on bank interest rates.we will see new lows n highs coming week.i follow the waves following the market moving news.
    I am not sure I understand. How does you use technical analysis to trade news? Are not they more understandable through fundamental analysis?

  10. #40
    Quote Originally Posted by ;
    quote I am not sure I understand. How can one use technical analysis to exchange news? Are not they more understandable through fundamental analysis?
    I believe you misunderstood me or I wasn't apparent in my explanation.we do technical analysis of pairs we exchange right on foundation ? News cant be exchanged on technical analysis ,it must be on fundamentals. I had been giving my views on specialized foundation because the majority of the time pair follows the key technical price action following few hours of news influence.

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