About usefulness of technical analysis and its reliability (GBP/AUD.)

About usefulness of technical analysis and its reliability(GBP/AUD.)

I am infrequently web’s browsing for world stock and Forex market

Whenever I see main topic and issue of tomorrow price, I would deeply depress people’s idea for mis-handling these matters

Especially approaching mythology of fundamental analysis not only stock market but also Forex (foreign exchange) market)  

And I frequently and automatically resent the peoples who are leading wrong side of this matter. yes it is wrong,totally  

I feel like it is even unpardonable sin if someone insists wrong way for us to go, for our life is limited and confined with certain period life time not to be wasted.  

nevertheless  myriad dealers seems to disagree with me that they have been wasted time and life, lingering in fundamental mythology of it
even read out all the newspaper and all online information of it. 

I know it is not easy to comprehend since all the language is not easy if you agree that chart is language 

though  it is one of hardest language.  it is very convenience tool that you can be unshackled from the uncontrollable  immense of data of public              

My dear readers:

Behold!

Never approach our issue from the fundamental analysis but totally ignore it 
and be friend with technical analysis 
(if you agree with me that we have a certain period life time)  

  

This will be good example  why we should keep away from it 
but be friend with technical analysis 

For example  

I would like explain for Great British Pound (GBP/AUD.) how it goes for profitable works
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If it is correct what I advised, I wish you to be join with me and trust it. and cheer up 

If it is not correct let us turn away from it 

However
it is not only example but also profitable information 

and will be big fortune if you have and keep it for years

Since it is speak out its future trace of fatalism of gravity of chart. 

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What processes it will be taken in terms of long, middle and short terms period view.

I hope it will be useful each diverged investors for time sensation.
also

I hope it will not be misinterpreted, disregarding of the size of wave’ displacement (so called it is the relative value of time frame)

Otherwise it can’t be misunderstand of my interpretation ( in same way you can apply it for 5 minute chart, if you are a scalper )

Finally I hope you to truly and carefully check out my credibility  and reliability throughout my past record written on my personal Blog that have been posted for years both English and Korean speakers in such items Forex, international index (Dow Jons) commodity oil and gold price etc. and compare what is really happened to “before and after”

http://odysseylee6.blogspot.com/  (mainly for English speakers)

http://odysseylee69.blog.me/      (mainly for Korean speaker)

I hope it is not meaningless time for you, scrutinizing  all the my past record whether if it is correct or
insignificant of just dazzling incomprehensible chart language or not 

1. Monthly chart Monthly chart (GBP/AUD.G) for long terms view

2. Weekly chart (GBP/AUD.) for middle terms view

3. Daily chart (GBP/AUD.) for short terms view

Let us hear what chart is saying from 3 years to 3 weeks story of GBP against AUD

It will be preordained by the sequence of a big wave and small wave orderly 

Hence it is started with monthly chart to see the big wave first.

  

1. Monthly chart Monthly chart (GBP/AUD.G) for long terms view

①    is 10ma(moving average) you may see that it is supported. It means it is very strong trend for upward movement  

②    is stochastic index which is my favorite and is precede movement of 5ma when it is golden cross  

③    is breakout for 5 months candles and breakout the it’s trend line    

In whole chart view, it is breakthrough down trend line. We are about to turn to point of uptrend in the displacement of monthly chart  

2. Weekly chart (GBP/AUD.) for middle terms view

Let us zoom in/out the those 8 monthly candles

We may see the more detail story of it 

①    is stochastic shown by divergence of 5ma

②    is another stochastic shown by superposition of 10ma

③    is shown by under ripe of golden cross of 20ma but it is showing that the gold cross will be soon happened if it is true of sequenced process

④    is previous high point 1.81985 which is breakthrough from the rectangle black box. Hence we may apply box theory from now on

⑤    is the weekly candle stick out from box.  

in order to see the more detail story inside of black rectangle behind story, let us ask the daily chart , enlarging of those part.       

3. Daily chart (GBP/AUD.) for short terms view

①    is stochastic shown triple bottoms of precede of 5ma

②    is 10ma of stochastic 2 times ratio of 5ma stochastic of course it is precede signal of movement of 10ma

③    is down trend line showing is a pattern of triangle or wedge pattern which means that big players strategically accumulated of it  

④    is derailed from down trend and start uptrend statically and is shown also today’s closed price 1,83203 ( today it is July.4.2014)

⑤    is showing the date which will be accorded with posting date of my blog.

From now on, review and compare the entire chart, monthly, weekly and daily chart. 
You may notice the discord with weakly chart’s box theory and with daily chart triangle pattern. 

It is tiny difference of box theory and triangle. But main issue is whether if trend lines are breakthrough or not. In my eyes it is obvious the trend line is breakout which means that it is starting point of uptrend.

To the my readers

It is wave’s size of daily chart. if you want to know tomorrow price of it, you have to see 30 minute chart even more small size of wave and its displacement, you may use 5 minute candle chart.

Remember it is not for 1 minute or hour price of it, rather it is for 3 weeks and 3 month even for 3 year traders

Hence

if you have intention of dealing with such a time frame, buy and hold it now tomorrow and ignore it since “A watched pot never boils”

Furthermore it will be good reference for long terms investors

I wish those investors to visit from time to time my blog for checking it’s fatalism of GBP/AUD

p.s

I have often been asked “what is yours strategic” “tell me few sentence”

Many fellows think chart skill is transformable from a brain to a brain and is comprehensible enough but it nature is not such a thing rather it is only attribution of man obtain from experience which you should felt in your born

That is one of reason why an expert expose their methodology, to the public, due to knowing that it is hardest language which listeners  can not be obtainable

If not so

Including me, many experts will never tell you their power and secret, specially our era of selfish and individualism    

let us say in this way : 

If there are two ways, what are you going to select one of both?

1) The easiest way is telling to the public

How to earn the money?

2) the most difficult way to himself

How to earn the money

Indeed!

They do not know the methodology!

If they know,

they will not bother themselves to teach you the technical trading after paying Advertisement, and so on.    

They do know it

They will click the keyboard inside of toilet secretly without knowing you

Behold

And be a wiser

Do not trust their humanity that they are restless to make you millionaire instead of themselves

There is no such a thing in the world, fretting or paying them to open the methodology of trading.

Do not waste time and life but Build your world by yourself!

Bon voyage!

Yours odyssey lee