Tagged: CHART READING FUTURE MOVEMENT

FOREX WARNING BLOG- do u want me to keep writing it? is it helping anyone?

I feel like no one cares. Like I’m wasting my time.

If you want me to keep going than please say so.

My whole goal is to try protect people from getting scammed by the whole change in the FOREX market from real to simulated. While 9 thousand people have visited my blog- most come to try put advertising in the comment sections.

I’ve had maybe 25 real comments. Is that all the real readers I’ve had?

If this blog has helped you- please let me know, Gathering the information takes a lot of time and is pointless if no one is making use of it.

COMMENT IF YOU WANT THIS BLOG TO BE CONTINUED….

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8/19/13 FXCM chart scale differences for each pair deludes people: proof

Ever opened a contract with an auto limit in place and it showed up close with one pair but far away for another- and wondered why- its all part of the game. People are visual. FXCM knows – if it looks the same people will think its the same and confidently place an order.  Before you place a big order- place one for a single tiny contract to verify how far away 12 pips really is. The closer 12 pips appears to the position- the more money you will make.

proof: I opened positions in 8 pairs and this shows where the limit showed up in the same screen view for all 8.

 

click on chart picture twice to see full size in a new screen

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chart flaw fxcm

 

N E W !!! 2013 CFTC FRAUD ACTIONS (JAN-FEB)

Copied from the CFTC website          
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U.S. Commodity Futures Trading Commission

Enforcement Actions

HOW CHARTS SHOW FUTURE MOVEMENT-my unique methods

The charts are computer generated based on algorithms. The movement is controlled by a program. The program is predictable if you know how to view its past movement.
When I sit down to trade- first thing I do is look at each currency pair on a minute chart to see which currency pairs have the most movement. Doesn’t matter which way its moving – as long as the maximum couple minute swing range is at least 1″ tall.  Once you identify which few pairs are sufficiently active- open their 30 minute chart. Condense it until you can see about 6 months all at once.
Look at the pattern of movement- by condensing the chart that much- the movement pattern will suddenly be visible. The pattern will always show bumps that become smaller and farther apart as the months go by. Take notice of where in the pattern you currently are. Based on where in the pattern you are- you can easily see if it’s moving up or down in general.

If it’s moving down- you know to try always sell in and buy out. Hold onto sell contracts for several swings to gain maximum profit. Never hang onto bought contracts. Only buy your way in if the market is very active.

The picture shows how the same chart info looks at different time views- and how looking in the wrong view can tell you wrong info.  I only use a very condensed 30 minute to establish that weeks market direction -then use a minute chart to trade with.

Questions? ask as a comment and I will reply.

This method is what makes me successful at trading. Using this method I’ve traded 147  transactions in a row with no losses.