hello everyone on forex factory , let me start by saying something about myself and where im coming from. my name is andrew (21) i am currently going to school for business admin and i was introduced by a friend to the market about 1 month ago. i have limited knowledge of jargon and the market as a whole but im learning. my friend that introduced me tot he market has since gone live now since labor day w/ a standard account of 2500 USD and has since then double it to 5000 and change. his approach to the market as i have come to understand it is a buying and selling pressure approach (i guess thats what you could call it). he showed me the charts he pays for (a couple hundred a month) they have candle stick volatility graph along with buying and selling pressure lines running with it. he showed me to look for fresh crosses and good spread between buying and selling pressure along with good buying or selling volatility depends on if selling short or buying long all while keeping in mind where resistance levels are and where the previous daily highs and lows are. (btw this is not 4x made easy is some other charting software)
so then i stumble onto this forum which seems promising and i start to read the beginners stickys. paying close attention to PeterFM thread (i liked that alot really put me in perspective on how much homework i have ahead of me and the time frame on which it will take). Anyways i was wondering first of all if this buying selling pressure charts are a good way to look at the market. i glanced through the james16 chart thread (i know i have to read it that is what everyone is saying in there posts) but i am just so confused on what im looking at, i can kinda understand others charts but james16 and some of the other so called "master traders" have like 30 lines going this way and that and i just dont really even know what im looking at or looking for.
i am assuming now that this buying/selling pressure charts are BS and some service scam thing but for now that is all i know; however my friend is seeming to be having success with them. i originally came here looking for free charting software like his.
now that i have rambled on can you see i am confused lol.
?basically looking for free charting software with buying selling pressure. ?some guidance on what im looking at in this james16 charting section.
i forgot to mention now looking at this hog podge of words that i have demoed at gftforex 360 deal book for a month now with no success and have opened a live 1000 USD mini account with them, basically to keep the demo account and they are where i plan on going live. i choose them because my friend uses that broker and im familiar with there software now. they have been around since 97 (i was scared about the broker disappearing wanting something with track record)
thanks in advance andrew
so then i stumble onto this forum which seems promising and i start to read the beginners stickys. paying close attention to PeterFM thread (i liked that alot really put me in perspective on how much homework i have ahead of me and the time frame on which it will take). Anyways i was wondering first of all if this buying selling pressure charts are a good way to look at the market. i glanced through the james16 chart thread (i know i have to read it that is what everyone is saying in there posts) but i am just so confused on what im looking at, i can kinda understand others charts but james16 and some of the other so called "master traders" have like 30 lines going this way and that and i just dont really even know what im looking at or looking for.
i am assuming now that this buying/selling pressure charts are BS and some service scam thing but for now that is all i know; however my friend is seeming to be having success with them. i originally came here looking for free charting software like his.
now that i have rambled on can you see i am confused lol.
?basically looking for free charting software with buying selling pressure. ?some guidance on what im looking at in this james16 charting section.
i forgot to mention now looking at this hog podge of words that i have demoed at gftforex 360 deal book for a month now with no success and have opened a live 1000 USD mini account with them, basically to keep the demo account and they are where i plan on going live. i choose them because my friend uses that broker and im familiar with there software now. they have been around since 97 (i was scared about the broker disappearing wanting something with track record)
thanks in advance andrew