FOREX - Trends, Forecasts and Implications (Episode 18: August 2012) - page 792
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Levels of what?
And you should wonder why they are the same. Maybe this is where the "dog's in the hole" is.
To avoid banging my fingers on the keyboard and reinventing the wheel, I'll quote the same Doctor:
"It occurs when there's a large accumulation of transactions in one area. You need to understand exactly WHAT is going on here. Imagine that in some price area there are a lot of deals (there is a lot of trading). Then the price moves out of that area (in either direction). The trades that are not closed - how do their holders feel? The side that is on the plus side - we know that the crowd cannot hold a profit for long - usually closes it quickly. The side that holds a loss - what does it do? Right - psychologically (we know ourselves a little bit) - they pray and wait for the price to come back, to close at least at zero. So they place take units (limit orders) on their entry point. Thus, a cluster of limit orders emerges - a barrier to price movement. We do not have to look far for examples. We traded the level of 2593 in June-July, returned to it in August and exactly one pip after another on the futures - the high of the week 20-24.08".
What difference does it make what they coincide with?
You go out for a minute and start counting the number of ticks at these prices, the correlation is 99.9% (will need to check, no one wants to write?)
What do ticks have to do with it?
By the way, if it's not too much trouble, keep an eye on the drift of your levels - any questions? ))))
But their "drift" is exactly what you need to keep an eye on so as not to miss the time when the market situation starts to change, and for all of you these levels, they are just a part and not the main one.
http://fxcoder.ru/services/cmeva
So as not to beat my fingers on the keyboard and re-invent the wheel, I will quote the same Doctor:
"It occurs when there is a large accumulation of transactions in one area. Here you need to understand exactly WHAT is going on. Imagine that in some price area there are a lot of deals (there is a lot of trading). Then the price moves out of that area (in either direction). The trades that are not closed - how do their holders feel? The side that is on the plus side - we know that the crowd cannot hold a profit for long - usually closes it quickly. The side that holds a loss - what does it do? Right - psychologically (we know ourselves a little bit ) - they pray and wait for the price to come back, to close at least at zero. So they place take units (limit orders) on their entry point. Thus, a cluster of limit orders emerges - a barrier to price movement. We do not have to look far for examples. We traded the level of 2593 in June-July, returned to it in August and exactly one pip after another on the futures - the high of the week 20-24.08".
What difference does it make what they coincide with?
Your doctor is judging the crowd by his own reasoning, if it were that simple, the market would be very predictable, don't you think?
The interesting thing is that it is, we just make up our own difficulties and then overcome them instead of looking at things simply)))
The market is not that simple just because of psychology. You don't need to predict it.
But their "drift" is exactly what you need to watch out for in order not to miss the time when the market situation starts to change, and you all need to watch out for these levels, they are only a part and not the main one.
Your doctor is judging the crowd by his own reasoning, if it was that simple, the market would be very predictable, don't you think???
No way! Where will he go now? - where the doctor says it should go! (no way, what's up? - analysis of what's up)
2606 so far )))