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11/23
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Introduction :
My first thoughts on Forex were that it is driven by hydraulics - pressure. I am a technical trader and have maintained this standing and built my practice around it. I am sure there are many theories on price movement, however, I shall share my personal view.
Content :
The best way to describe my opinion on price movement is through the analogy of a labyrinth of walls and mazes. To me, the price is not random but rather like a Bouncing Ball arcade game. Each wall offers a degree of pressure and drives the price in a direction. Some walls will offer a lot of pressure, some walls just a little. If the price is coming off a strongly pressurized wall, it might fly through a lesser wall. But mostly there will at least be a pause at a wall, no matter it's strength, although not always and often, if it has already bounced, it might pass through a second time without argument. As the price moves in a direction, it will bounce off many walls, back and forth, until it comes to rest against a support or resistance that is too strong. At that point, it will reverse and begin the process again.
The truly exhausting thing about Forex is that there are so many walls, from the 1 M…
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Polinka avatar
Polinka 30 July

Good luck!))

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Stix 31 July

Thanks Polinka ,ANABEVZ , VikaChechenkova ...

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Stix 31 July

Also thanks to Olga18375 , Ange_Farouche , Elani ...

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Stix 31 July

Noyarsh, Neu_spir8 !, leon09 and to FXDream, lupyyyy, Likerty and llolor. Much appreciated !

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Stix 31 July

Many more thanks to INFINITEisTHElimit for the Genius Inspiration... ! :)

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5/65
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  Momentum is defined as a force that keeps an object moving.  In the world of Forex, we are using momentum indicators (stochastic, RSI e.g.) that measure this force by calculating the close of price bar in a selected period, allowing us know the rate of price change. The majority of traders utilize a cluster of momentum indicators, although many of them do not fully comprehend the distinct differences between momentum and price trend.  Moreover, many traders have established a wrong logical assumption:  a momentum reversal results in price trend reversal.  Thus, I would like to define momentum in trade and how to utilize it to establish a trade set-up. Price trend is the actual direction of movement in a currency; it can be either bullish or bearish. Momentum gives the alteration in the demand and reflects the necessary time to reach the certain price level- i.e. the rate of price change. These definitions can be used as a logical inference. Price and momentum may not always in the same direction. Therefore, momentum reversal does not always co-occur with a price reversal.  Otherwise, I would have islands that named attributed to momentum indicators. The movement of price and…
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gorozcoh avatar
gorozcoh 23 Nov.

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gorozcoh 25 Nov.

Good luck. Visit me at blog http://www.dukascopy.com/strategycontest/?action=blog&trader=gorozcoh

krishere avatar
krishere 13 Dec.

A very nice article but could have been putup even more nicely...

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