Forex Useless Analytics August GPB/USD

INTRODUCTION

Hello, i'm beginner Forex Trader here. In 2007, i know Forex for the first time from my brother. From that time i learn by seeing what my brother doing, and hearing what my brother's mumbling about. I wasnt doing my own trade untill 4 days ago. Yes, i just start trading 4 days ago.

Before i trade big lot, first i neet to test my trade's skill, intuition, sense, management, pshycology, so i'm trading small lot from 0,01 to 0,05.

ANALYTICS METHOD

Recognizing the market's behavior by analyze candles. Using Boilinger Band, and reading news update for support. But in this post i dont write about how i analyze the market, but just telling you what action i will do from my analytics.

If you have another result, i'm really gladfull to hear from you.

1st ANALYTICS

I'm drawing Monthly Trendline (sloping down pink line), Price Barrier (two horizontal pink line), and you can see Monthly Boilinger Band (pink dotted line), and Weekly Boilinger Band (blue dotted line). note: Monthly BB you see is Medium and Lower BB.

You can see the prize is climbing into the Price Barrier and also Upper Weekly BB. This is crytical time to decide whether the price will going up or going down.

If this month's price testing or breaking the Barrier/Weekly BB, and closing inside/below the barier, definitely i'll go SHORT.

If this month's price closing below the Barrier without ant testing, means potential for SHORT. But there is a risk about 500pips, that's why it's better to wait until the price arrived into Price Barrier and decide. Patience is virtue.

If the price closing above the Barier/Weekly BB, i'll wait for one to two days to make sure that the price is really fix above the Barrier, and i'll go for LONG.

So lets wait this month's closing. See you next time.