There are many ways to trade the financial markets.
One of my favourite would be Fibonacci. I use Fibonacci to plan for my entries and exits. With one of our new tools in our toolbox -- Seasons color, the visual effect of the colors help traders to identify candlestick signals at support and resistance levels.
With the help of colors, traders can act much faster and taking the trade with confidence.
This morning, 6a (AUD Futures contract) traded down to Fibonacci second support level (261%), price starts to find support at 0.7704. At this level, price tested 3 times and bounce off with "spring color", SHOUTING to traders that price is supported, go for LONG position.
A rewarding morning trade with 30 tics/pips.
RISK DISCLOSURE STATEMENT:
THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE FUTURES MARKETS. YOU SHOULD THEREFORE CAREFULLY STUDY FUTURES TRADING BEFORE YOU TRADE.