DislikedNice to see some spoiler from the new AG.
Before anythingh elese could you give me a sanity check, just to see if i have understood.Ignored
yeah, somethingh as you drawn.
You know, some months ago when i was trying to understand the meaning of "forex", charts and all this stuff, and how to use it, i have discovered FF, the j16 treadh specifically. Wow finally!!!, nice treadh!!!! a lot of material, and theory well explained!! Nice, a lot to study !! but after a while i feel a little unconfortable about candlestick, pinbar, support resistance and all that stuff...yeah they work.. and very well, but why the hell a pinbar or a rejection candle could have the same shape ? why y wonna see a pinbar whit a lot of space ?? and why s/r reverse ? Then i started to read some books, prings books and others..yeah well nice but..still unconfortable, and whit some more question, what the meanings of a resistence that become more "significative" touch after touch ? more the better ? or not ? and still why they reverse to support ? [prings for example offer a psychological reason - quite similar to the chart that emene have posted - if i have understood that chart]. After my first weeks of demo i was able to take even some nice profit [in demo obviously].. wait a pin a beob and push the button..but i was more confused than before. Zero confidence.
Then i have read a post of a guy called ifmyante on j16 -was about hedging and locking a profit, he cited a certain "kenny" as a master of hedging*..who is this damn kenny ? little research RTP, PIE and bam! epiphany!!! It's SIMPLE! It's about people who sell and buy, that's it! It's quite obvious right ? But, damn whit that obvious thing in mind all makes more sense
A chart is just a graphical rapresentation of that! nothingh else! BUOB BEOB PINBAR works but they are a sort of lagging indicator becouse they show you the past. If you understand the dinamycs behind it you can talk about support resistence supply demand zone or timoty zone, simply doesn't matter, it's about people who buy and sell, you wonna understund why they buy and sell in a certain zone, that's it.
Obvoiusly i am a noob, i am here to learn and i am always ready to change idea, expecially after great people whit experience and will to share like emene or tyoon shown their ideas..but my sensation is that we are talking about the same..the proverb said "there is more than one way to skin a cat", right ?
sorry for the long post and bad eng.
*and ironically i have "discovered" forex and market making a research about hedging on google, for reason that have nothingh to do whit forex or the idea to trade.
Sometime the horizon disappear. Twitter: @_whiteout