So no one can forecast the charts? OK, keep beveling that it's not possible or learn to do it, use the amazing tool that has a high percentage accuracy .
Click on the chart pinned , and you will see how it works.
Trade with care
Thank you for your support.
As promise I am posting the updates
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos Facebook: https://www.facebook.com/ProwaveTrader Training : add to skype mangal457
Here's an example of why technical analysis is fallible.The example is on Gold.However as a trader we have to to understand what is behind the moves on the chart.And yes,you have to be careful with fundamentals as well.Like I said before,we are in markets that have and are being totally manipulated.Don't believe me though,listen to the former head of the Dallas Fed.If that's not enough,Central Banks have been intervening in free markets for quite some time.So,what does it mean?It means that it is very difficult to establish " true price discovery and true value" because we are no longer in free,democratic markets.Manipulation is rampant.When you have for example both The United States Treasury Department and The U.S. Federal Reserve coordinating their massive trading desks with unlimited margin,then beware and be careful.Understanding Central planning is something to keep in mind and very important. http://www.zerohedge.com/news/2016-03-12/gold-only-sound-money
@RobertHerdman , one word "postmortem" and that is the problem for all fundamental traders. They know why , when they have already lost their account. Check my gold analysis and you will learn something. Basic technical analysis is NO GOOD. I don't use then , no MA's, no S&R, no Pin bars, NO BS!!! it's all about reading the charts, understanding the way the markets behaves (because everything, be it new, manipulation or any other factor it is all built in the chart.)