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In this article I want to share with you my thoughts on current situation and possible future developments of four major currency pairs : EURUSD, GBPUSD, USDCHF and USDJPY.
It is crucial that you have read my previous article Trading The Levels Correctly. If you have not done so this may not make sense for you.
Markings used in this article are as follows :
Green ellipse with a letter ( no number ) means that this is a level from where everything basically starts. It is a level that has had a fake breakout in regards to it. Green ellipse with letter and number represents a fake breakout. Therefore A1 is a fake breakout of level A. Blue lines are support and the red ones are resistance levels.
Purple dashed lines represent round numbers that are or might be important to particular currency pair.
Rectangles are used just to draw more attention to the selected area.

There are two charts dedicated for each pair - monthly and weekly. Let's go ahead.
1.EURUSD
1.1.EURUSD Monthly chart
Direction of a pair is clearly bearish. Price has gone through the very strong level 1.2402 ( C ) with an impulsive move. This level served as a strong support for 8 years in conjunction wit…
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Julia_Zhulinskaya avatar

good info

bibo avatar
bibo 24 Oct.

good one

mcquak avatar
mcquak 28 Oct.

good analytics

Vlad73 avatar
Vlad73 2 Nov.

very good

Natasha888 avatar
Natasha888 10 Feb.

super!

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In this article I want to show you how to pick the right price levels and how to trade from them. Most importantly I will show you how to implement this in the context of the price manipulation.
1.What is a price level.
First of all we need to understand what it is.
In my opinion it is something more than just a level where price changes direction. I think of it as a point where beliefs of a trader get manipulated. Those levels are constructed by big players such as market makers and institutional traders to trick others into placing orders that would be favorable for them.
When such an activity can be observed it can help us in predicting the potential price movements with a higher likelihood. If there would be no price levels there would be no point of interest and therefore no orders placed by traders.
Only two types of price levels exist.
These are horizontal and diagonal levels or better known as trend lines. There is one huge difference between them.
Horizontal price level can only be at a fixed price, and is not subject to change.
However diagonal trend lines don't have that fixed price, it can always change depending on the time of a touch. It means one more variable in the…
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Aviator 12 Oct.

good article

PipPoint avatar
PipPoint 14 Oct.

cool

Julia_Zhulinskaya avatar

very well

Vlad73 avatar
Vlad73 2 Nov.

well done

magictrader16 avatar

pperfec lecture

orto leave comments