Hello everyone on forex mill, let me start off 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 understanding of the market as a whole but im learning. My friend that introduced me tot he market has since gone now since labour day w/ a typical account of 2500 USD and has since then double it to 5000 and change. His approach to the market like I have come to know it's 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 together with it. He showed me to look for fresh crosses and decent spread between buying and selling pressure along with good buying or selling volatility depends upon if selling short or buying long while keeping in mind at which resistance levels are and in which the prior daily highs and lows are. (btw this is not 4x made simple is some additional 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 actually put me in perspective how much homework I have before me and also the time period on which it will take). Anyways I was wondering first of all if this buying selling pressure charts are a good means to look at the market. I glanced through the chart thread (I understand I must read it that is exactly what everyone is saying in there articles ) but I'm so confused about what im looking at, I can kinda know others charts but and a number of the other so called master traders have like 30 lines moving this way and that and I dont actually know what im looking at or searching for.
I'm assuming now that this buying/selling pressure charts are BS and some service scam item but for now that is all I know; however my friend is appearing to be having success together. I originally came here searching for free charting appliions like his.
Now I have rambled on can you see I'm confused lol.
? Basically searching for free charting software with buying pressure. ? Some guie on what im looking at within this charting department.
I forgot to mention now looking at this hog podge of words I have demoed in gftforex 360 deal book for a month now with no success and have opened a dwell 1000 USD mini account together, basically to keep the demo account and they're where I plan on moving live. I pick them because my friend uses that broker and im familiar with there software now. They have been around since 97 (I was fearful about the broker evaporating needing something with track record)
thanks in advance andrew