How To Read A Forex Chart.
How To Read A Forex Chart
One of the reasons people fail at trading they need to look back at who taught them to begin with.
You see the reason 97% fail is plain and simple the information out there and that is the truth. I can guarantee of the 97%, most learned how to trade with an indicator or some fancy this or that.
Because how else are they supposed to get you to spend everything with them unless they have a fancy gadget to sell.
What Do You See?
I want you to take a second and look at that chart and tell me what you see? Because once I show you this you will never look at charts the same.
Every system out there tells you to do what? buy on the break sell on the break? What if i told you that they were leading you to a certain death?
Think I am kidding? How else do you get the masses to spend there hard earned money? Oh simple, teach them with some bullshit system that might win 30% of the time and you have a cash cow.
Open Your Eye’s
Below I Have A Chart That Might Make You Scratch Your Head, But I need You To realize the truth in what you are looking at. You really need to see what I am Telling you here.
The truth is that when you are setting your buy or sell, I even know where your buy and sell and stops are.
And so does your broker, and yes broker sweeps are real and do happen.
Someone has to pay for that house in the Hamptons my man. Look I know what I am Trying to show folks for FREE Mind you Is the truth about any pair and stocks for that matter.
Do Not Reinvent The Wheel
I have tried to tell folks this before and it has fallen on blank stares. But look at it this way, if everyone is buying what should you be doing to have the highest probability of winning a trade? Simple, selling.
If you do not believe this article, go to any weekly time frame and snap some lines and tell me what happens at the end of the week.
Higher Time Frames
The reason most hedge funds stick to higher time frames is that they have clear view of what folks are doing.
Now with that being said, I will not dispute there are systems on smaller time frames that folks have made work.
And I say bravo to you, and I have said all along that every system needs to be based on how someone likes to trade.
Everyone was screaming Go Long The Pound, and what happened? Bet you can see it now? That is right you knew before they did, and I bet You Can Even see where there stop would have been.
What Is Done Is Done
Now that you can see what I have tried to open your eyes to, you will never look at the charts the same again. That I do know, to this day I can not look at a chart without seeing this pattern.
I started this to help folks in forex and do not make a thin dime from here. I am not selling some BS course, just really trying to help folks.
I know all to well how frustrating this can be for folks and have had many bad days and am trying to save you the pain.
David Is A Sixteen Year Veteran In The Forex World. He Gives His Advice On What Works And What Does Not.