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                                  Figures reversalThe term "rollover figures" is widely used but poorly understood in general, and requires some clarification. Indeed, many players think that this means that downward trend will "return" in an uptrend after a news or a technical signal.The reality is that instead of such an event will often temporarily halt the current trend and create a zone of indecision which has three possible outcomes:the current trend will resumethe trend is reverseduncertainty will continue and result in a trading rangeThis applies to current events, for the Western technical analysis (double tops, double hollow shoulder-head-shoulder ...) and the Japanese candlestick analysis.Despite this, the study of figures turning is essential because often it is trading at the end of these that will be taken positions. There are gray areas in no apparent order are difficult to classify and therefore not easily studied and used but also figures that recur regularly and whose probabilities of success are interesting enough to give rise to equity positions. The best known are the hammer, the hanged man, the downstream and the various stars.An important point to grasp is th…
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ritesh avatar
ritesh 10 Dec.

Nice article, a must read I'd say. keep more coming +1

doctortyby avatar
doctortyby 18 Dec.

again good article to begin with, good luck in the contest +!

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Trading big figures in the fx market can be very interesting. By big figures I mean those round numbers, divisible by 100 pips, like today on 3rd of august  the level of 1.4300 for EURUSD.  Basically 2 common behaviors can be found around those areas: AttractorsAs a lot of traders place there stop buy or stop loss orders at big figures, high attention is payed to those levels by the big players in the market, who may have an advantage to move the market in this direction. Often a movement can be seen like the morning of 3rd of august, when the EURUSD fluctuated around lower levels during the hours before european market opening hours and then suddenly at around 9 GMT, when the traders put enough liquidity into the market the price jumps sharply to the "big figure" level:Forex dealers activitiesWhen looking more into detail, a second pattern can be detected: when the price jumps to this big figure level it usually comes back 5 to 10 pips below this level immediately afterwards. I read about this behavior first in the book with the lurid title "beat the forex dealer" from Augustin Silvani. He explained it with activities initiated by forex dealers who just want to catch the stop loss…
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traderingo avatar
traderingo 10 Aug.

at the end is it not clear how to trade .

Am ende versteht man nicht was du meinst, also wie man das traden soll? .Das nennt man auch glaube ich stop-chasing und kommt auch ofters in wichtigen support und resistance vor, wo der preis bis 50 pips uber den resisitacne level geht und dann wieder zuruck kommt.

schnitzel avatar
schnitzel 14 Aug.

Hi traderingo - sorry if my description might not have been clear enough. Basically there are 2 ways to trade this: one to "ride the wave" in the direction of the big figure. The other is to enter the trade when the big figure is reached and take profit when the prices go back in the opposite direction. Sure it is up to you to fine tune the exact levels for entering the market, which depends on the currency pair and overall market trend situation.

ritesh avatar
ritesh 26 Aug.

in big unregulated markets these techniques do work. never tried though, everyone's tastes are different. you're welcome to taste my pipping strategy schnit. +1

ritesh avatar
ritesh 28 Aug.

check out my articles too at http://www.dukascopy.com/fxcomm/fx-article-contest/?action=blog&user=ritesh

LinnuxFX avatar
LinnuxFX 30 Aug.

Clear and readable article, good luck for contest ...

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