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Trading Forex with Danielcode support and resistance
Mon, Sep 22 2008, 14:10 GMT
by The Trader's Journal Collaborators
This article is taken from the Trader's Journal magazine (September 2008 issue)
The author, John Needham, is a Sydney Lawyer and Financial Consultant. He publishes The Danielcode Report and writes occasionally on other markets. He lives with his family in Australia and New Zealand.
- John Needham continues to explain how the Danielcode provides early notice of support and resistance levels. All forms of analysis work some of the time but none work all of the time so traders are always in search of the “one more thing” that will add reliability and precision to their entries. This analysis adds a level of certainty that is missing form traditional forms of market analysis
Traders use all sorts of tools to trade the Forex markets. Some use patterns, some studies and indicators and some proprietary programs. All of these methods work some of the time but none work all of the time so traders are always in search of the “one more thing” that will add reliability and precision to their entries. For 15 years, I wondered why markets turned where they did. I knew about Fibonacci numbers and other range extension techniques and retracements, of course. But nothing I could find in any of my searches gave me certainty or precision and so I continued to search until I found one more thing. The Danielcode is that “one more thing.” To the best of my knowledge, it is the only totally new form of market analysis in a generation. It works on all markets in all timeframes, which is why I say that ‘markets are ruled by the Danielcode.’
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Other article in this issue:
Published on Mon, Sep 22 2008, 14:10 GMT
DPR International Pte Ltd
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Legal disclaimer and risk disclosure
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.Related reports
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