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12/23
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In the second part of the story will be about the levels of support and resistance. This is all my personal achievements, which I did during my training. Any indication of the only levels I hope you article will help in this case is not easy forex trading.
Support and resistance levelsAt these levels, changing the distribution of buyers and sellers, as the price dictates the supply and demand ratio. Recall the law:
"If the desire and ability to buy exceeds the supply in the market, the price increases. In the reverse situation, when the sentence above demand, the price will go down. "
Does not really react to price support and resistance levels, and traders. The big players just concentrated on them their orders, waiting for the price breaks the next frontier. In this case, the levels are reversed.
If one day the majority of the big players decide to urgently close a deal to buy and start selling, the market will fall sharply. Thus, it becomes clear that these levels do not affect the situation in the market, but rather demonstrate the balance of power.
Next we will focus on the false breakouts and rebound.
Sooner or later, the market is changing. Price, pausing in the channel,
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ogof avatar
ogof 5 Sep.

What's not to whom art is not useful?
I thought that would be more interested in this topic.

Elani avatar
Elani 10 Sep.

dear Konstantin, thanks for such a valuable article. 

peachynicnic avatar

something technical again !!

bharatholsa avatar

Useful !!

ogof avatar
ogof 22 Sep.

Dear friends, probably more articles will not be as dukaskopi not like my English, and they are removed.

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14/46
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► Introduction
In this article we will discuss how to find key support and resistance areas quickly and easily. We will use a simple method to reach this goal. This is a step-by-step guide. Some charts and examples are also included. They will help us understand this method better and visualize different points we’ll discuss.
Although this method is very technical, it does require some practice at first. I suggest that you first read this article. Then, open some daily charts of different currency pairs and try to find the key support and resistance levels in them. If you have some knowledge of Supply and Demand levels, this could be handy. I hope you will find this article helpful for your trading. :-)
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► Currencies To Use
The method is a pure technical method. Therefore, it works for all currencies. You can use it for any currency that you feel comfortable trading. Actually, you can use it for other markets too. For example, you can use this exact method for finding key support and resistance areas in Gold, Silver, Stocks, Futures and so on.
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GreyEmin avatar
GreyEmin 30 Dec.

yeah good explanation.....I will use it :)

geula4x avatar
geula4x 30 Dec.

@GreyEmin Thank you :-) Happy trading :-)

Hugo2 avatar
Hugo2 3 Jan.

Buena expicacion, Feliz Año

geula4x avatar
geula4x 8 Jan.

@Hugo2 Thank you :-) Happy trading in 2014! :-)

sankit avatar
sankit 9 Jan.

well written and beautifully presented ..

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20/46
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► IntroductionIn the last article, "Simple And Profitable Method For Trading Breakouts", we talked about finding a Barrier that price has tested and watching it for Breakout. In this article we will discuss a more general topic: how to find key price levels. These levels sometimes get tested several times, until they finally breakout too.Key price levels are one of the most important technical analysis tools. Finding these levels is very important for us traders. Such levels usually attract price to them. These levels often act as support and resistance. Trends may start, end or reverse there. Also, key price levels are usually good entry, take profit and exit points for trade positions.In this article we will discuss how to find key price levels. We will use a simple, straight forward approach for achieving this goal. We will analyze the Daily, 4 Hour and 1 Hour time frames. However, you can use the same technique for any time frame you trade. Some recent charts of EUR/USD are also included, for a better understanding of this method and how easily it can be applied.By the way, this is a very technical method. I think that it can easily be automated. If any JForex (or the newer Vis…
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geula4x avatar
geula4x 26 Apr.

@Victor Thank you for your comment and vote. Much appreciated :-) Happy trading today :-)

tgdrela1 avatar
tgdrela1 27 Apr.

Thanks for the article. I will write a tool for this and post it.

geula4x avatar
geula4x 28 Apr.

@tgdrela1 Thank you for your comment. Such a tool would be much appreciated! :-) Happy trading this week :-)

piter44 avatar
piter44 28 Apr.

Very nice article, I use price action strategy on my live account and it's what we are looking for in PA. +1

geula4x avatar
geula4x 28 Apr.

@piter44 Thank you for your comment and vote. Much appreciated! :-) Happy trading this week :-)

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5/68
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My manual trading system is 70% based on price levels. I think that most traders use some kind of levels – pivot points, Fibonacci retracements, trendlines, price action levels, etc. Of-course there are profitable traders, who do not use any kind of levels. But in my opinion levels do increase odds to be profitable. So in this article I will write about different price levels. I will try to give basic understanding about levels and how do I classify them. Methods of finding price levels 1. Every trader is aware of Fibonacci retracements. There is a GBPUSD 1 hour chart with Fibonacci retracements in an image below . As seen in the image some levels are respected, some not. Basically Fibonacci is nothing special or magic – it's just a tool to devide recent price move into percents. And according to Fibonacci some numbers are important in our universe. It's 0.236 (23.6%), 0.382 (38.2%), 0.5 (50%), 0.618 (61.8%) and so on. I would suggest adding 1.236 and 1.5 – this would add some more levels to watch. My observations show that these levels are respected often enough. 2. Pivot points. The name tells a lot – pivotal. This means, that pivot points are levels, where…
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aurelijus avatar
aurelijus 28 Apr.

Not bad, will be waiting for next one.

gintaras avatar
gintaras 29 Apr.

Never thought about magnet levels. Interesting approach! Sekmes!

adask avatar
adask 30 Apr.

Thank you all for a kind comments. Will be posting next article about price action levels this week.

blackjack avatar
blackjack 30 Apr.

GOOD ARTICLE I LIKE IT ; I HOPE YOU WILL WIN

blackjack avatar
blackjack 30 Apr.

IN MY TRADING I LIKE PRICE ACTION LEVEL AS WELL AS FIB .USING LEVEL IS GOOD BECAUSE IT WILL BE EASIER TO CALCULATE RISK AND WHERE YOU STOP LOSS SHOULD BE PLACED .AGAIN GOOD ARTICLE I WISH YOU TO WIN

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