Understanding the Price Movement using the Reference Time

Hi everyone

I love doing through forex currency transactions, and this I have taken since 2009. I understand, at least to understand price movements based on the time reference I learned from someone out there .

In this analysis, using basic statistics to measure price movements as well as integrate the fundamental information of daily events.

Through my thread, I will post some of my live open, with the aim to understand and correct the mistakes that I did.

I am also open for suggestions and criticisms from all members that are here for better trading in the future.

Well, this morning I try to shoot on GU. My assumption is that GU still in trending down. So, the yesterday retrace is the opportunity to OP, and if GU still continue to the retrace up, I will cut loss on last day high (1.48008)



Happy GGH...

That's an amazing chart. Took me about 15 seconds to locate the actual price.

I really hope this chart is a late april fools joke, if not you seriously need to get back to basics and learn to trade properly.

Have a read of this:-

http://www.forexfactory.com/showthre...28#post8205328http://www.forexfactory.com/showthre...=8205328#post8

Hallo Rifid

Thank you for remind me to trade from the basic. Yes it is. I am not the expert and I am not trade by indicators. I trade by my brain and use indicators as the tool helper for my brain.That is two thing different point of view by me.

I started this for my personal perseption of price movement based on my serching, learning, doing and trading. I try to use my real account, not only demo, for make sure that I really think about this.

If you or somebody not happy, I apologize for that, I just write with my style of trading.

Btw, I just add the shoot of GU. I will cut loss if the price will continue the yesterday retrace and make a full wave.

Hope no offence was taken Nodali, i was just a little taken back by your chart.

As a naked chart trader, seeing that chart reminds me of driving a car in thick fog.....you cannot see the road{candles,price} clearly and unfortunatley you will end up crashing. Its sad that we have been brainwashed into thinking that to be a successfull trader we have to plaster our charts with all these indicators. Have you had success with them? Your trade explorer say no. If one continues to do the same thing with the same attitude hoping for a different result , nothing will change and disapointment will surely follow. Good luck on your trading journey.

My view.
Target, resistance above MA

Well, I just want to update my shoot. The seatbelt has been used. Where the price going? I will look before the New York time. Happy trading.

Will the EU fly high tonight? I don't know, but I make my oppurtinity above 50%.



Well, I did the same thing for USD basket, and let me see, if there is another oppurtunity.

Got Green Huh...

Above is the last shoot for GU. I shoot because of seller getting weak and buyer comes. I suppose it will reach 1.53656

Got green huh...

Here is my analysis for EU for tomorrow.

A myth in forex trading for beginner:

Do trading in mayor pair only.

I said: Do trading on pair that you are familiar with and you know how to train your dragon.

Got green huh...

For USD/JPY



Happy trading

Since the GU seems weak fundamentally, then I decide to sell with a traget profit at the low price of 1.20257


Got green huh

Then, where is the price will go? Who knows

Let see.





Got Green Huh....

Perhaps, I got lucky today. Here is my last shot on EURJPY.



The price retraced from both the -1 weekly Bollinger Band (pink) and the -1 daily Bollinger Band (lime), so I attempted to find a favorable entry point before the London session (risky entry because it is too late). The target price is the +1 weekly Bollinger Band.