Currently my job is the only one making improvement. I have been promoted, and I also transferred to another department that is doing more respectable stuff. But I am still a middle level employee. Just less embarrassing now. And last Friday, I rewarded the break through by buying myself a watch on Amazon. Excited to receive in March.
As for Forex, I think I will close my funds in GFT, and shift it to IG (finally).
And just now I am just looking at Candlesticks. No other meaningful things to do. And I guess I had a deeper understanding of things I already knew.
Why does so many people talk so much about Support/Resistance?
Because, that is the level where many big players will take actions. Maybe the government will intervene to stop its currency from further deteriorating. And it is interesting to see how the story unfolds at the level. Maybe the government is unable to stop the frenzy. And this causes a Breakout.
From what I think, it is the most meaningful thing about candlestick charts. And I think many people will feel the same way too. And those that can understand it, might be able to profit from it.
From the above graph, it makes sense why it is reasonable to pay attention to Support/Resistance zones. Quite a few times, Prices react to it and make big movements.
One reason why people react to the zones, is due to peoples' memory. Look at the peak at 1.37 in Dec 2012.
And in 2014, many people still remember the huge slide in 2012. You can see the price dipping a few times at 1.37 in 2014, due to peoples' memory.
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