Ok, today I met Firman and Eusof, partners along this forex journey. And we had a good chat about some directions and how volatile the market has been over the holiday season. In fact, it's been happening since mid-November. I realised I had to study candlesticks proper. Beginning to realise the vast amount of information each candlestick contains.
I can't figure out something though, how is it that there are huge gaps in the prices of the pairs between the previous market close and the current open. Is it fuelled by the trading of currency over the weekend? Shouldn't the entire forex market be closed in that time period?
Not to be cliche, but there are more questions than answers.
I found that Firman has been using the fibo fans, and he said, to great accuracy before the crazy recent holiday times set in. Suggested he tries drawing support and resistance levels and observe if there were any breaches, as such would be an indication of strong movement towards the direction of the breach.
I need to find a hero! Someone to follow and learn from in the forex world. But where to start? At a deeper level, I wonder if that means I've settled the "Why am I in forex?" at a subtler level. In any case, one way is to read other forex traders' blogs. Undoubtedly, they would be far advanced as compared to me along this path, which means much to learn, YEAH!
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