FOREX - Trends, forecasts and implications - page 624
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redheaded layout:
Two different approaches but the result is still almost the same - +/-...
OK. There are levels - there are points. How do you know what to do at those levels/points, sell or buy?!
see the shape...
the spread...
All right. There's levels, there's points. How do you know what to do at these levels/points, sell or buy?!
You see a hundred quid lying around. Is it fake or real? What are you gonna do?
Don't ask stupid questions.
You see a hundred quid lying around. Is it fake or real? What are you gonna do?
Don't ask stupid questions.
Come on, there's a corridor. There's a level where it's sure to bounce. You can see it.
But there are levels that bounce right through.
Logically, if we approach a level from above, we buy.
If we approach the level from below - we sell.
There is a level - get in!
here, a typical example is buying
see the shape...
a reversal figure...
Like this one?
in white, highlighted.
Come on - there's a corridor. There is a level at which it is sure to bounce. You can see it.
But there are levels that bounce right through.
Logically, if we approach a level from above, we buy.
If we approach the level from below - we sell.
There is no one where it is certain. The only way to do this is to put money and obtain a result.
The logic behind the levels is correct.
Ilya, I noticed that on the pound they very often draw a good bullish pinbar to resistance and down from it, is it a reversal pattern?)