data on a chart is data on a chart.

17 lug 2016

it doesnt need to be a traded currency pair to be readable as a chart. mastering forex goes a lot more than just being able to trade curreny pairs and stocks, you can actually use your skills to read many other types of data plotted on a chart. this is not a traded currency pair and there are no needs for spikes and "market maker manipulation" yet we see rejection candles that end up as a loss, we see random spikes that go up only to end up going down. only difference is the charts we trade are much cleaner for the same reason that we are making transactions and moving prices on them all day. we are not the only ones who trade currencies, big companies do too and so do random people and we all participate together in this market and we all drive prices up or down together. and our transactions form patterns that give a certain result. here we have a pattern on the colombian peso, will it end up giving us that "certain result"?

21 ago 2016

Nota

well we got our bull leg as expectied but price returned before hitting boxed resistance zone. still trying to figure the best day to change my dollars into pesos since 3200 was never hit and usdcop is in a neutral zone.

8 set 2016

Nota