First of all I’m a newbie both to Forex Trading and the BabyPips forum. This is actually my first post here.
I have a demo account and even though I have a long journey before I’m ready to trade with real money I want to start experimenting while I learn.
So here is the deal.
I’m getting my pivot points for next week (11.24.08) from dailyfx.
So far I have the highs and the lows. Now I need to be able to determine whether it’s going to be a buy week or a sell week and I have no idea how to determine that quite yet.
I was wondering if you guys could help me out with the following questions I have.
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Is there anyway to determine buy/sell week by looking at those pivot points from dailyfx? If so how do I do it.
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Is there a site that provides that information (buy or sell week) that you would recommend me checking out? What are some options?
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I found this weekly forecast: if you look at the graph does it mean that it’s going to be a buy week for USD/YEN and GBP/USD and SELL week for the rest of the currency pairs?
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Are there any FREE and paid weekly forecast websites that combine both technical and fundamental analysis witch are highly recommended and have a good record?
Any help will be strongly appreciated.
Sebastian