This is actually not a personal experience, but the experience of friends who have been following the forex. The current for a while he stopped playing, reason seniorforex guide him has not been allowed to come into play forex again. Because in his community, who experienced a failure will be materially assisted by his friendsdikomunitas forex.
Friend the author gives an overview of how the Forex market. He told me it's usuallywhen the open buy turned out to be the price even down, whereas when he open sellturns out price rises. This is definitely making it feel awry instead? Various indicators and Expert Advisors he has tried but still could not deliver them achieve a success.Inject inject demi still performed even account for the sake of accounts already vanish.Imagine what you'll feel when you are in the position of being a friend of the author.You will definitely feel thrown at some point "nadir", crashing into a psychologicalcondition called "frustration", "depression", even "trauma".
Therefore at this time the article the author wants to share the tricks to help yoursniper and other traders, in order to be free from frustration. The trick is harnessing the Support and Resistance. Resistance function for the marked level where price movements difficult to break through to the top. While support to mark the movement of which is difficult to penetrate to the bottom.
But unfortunately a lot of traders who utilizes the level under the resistance as theentry to take a position with the stop loss selling a few points above resistance. This condition is often exploited by large players by taking positions in such a way, so the price is thus moving upward in a short time and made a lot of stop loss exposed the liquidation before the prices go back down under resistance. It is known by the term"stop-hunting", a condition that often becomes a source of loss for the novice trader.
Why it takes a reliable strategy and business occupy sniper in Forex trading? Thiscaused the market moves randomly, so that traders could not know for sure the timefor the sake of time which way the market will move, Forex is not an exact science in which 1 + 1 = 2 or 2 x 2 = 4.
Well, than you keep complaining why Your stop loss hit "stop-hunting" many times, much better if you could berkawan with the "stop-hunter" and use it to take advantage.
You can use price levels "00" as a "stop-hunting zone". Stop-hunting zone couldoccur at the price of EUR/USD level 1.3900, 1.4000, or even 1,500. For USD/JPY could either be 65.00 price levels, 108.00 100.00 105.00, or. The bottom line, "stop-huntingzone" usually takes place on the area figures rounded favorite currency pairs (major as well as cross) with a distance of approximately 15 pips at the bottom and at the toplevel "00".
Usually when price levels are approaching this zone, start trading conditions warms up and dynamic. The condition of ' stop-hunting ' can happen at any time. Supposethe price of EUR/USD moves up nearing the 1.4500 level and is currently still at the level of 1.4470. You can make use of the possibility of ' stop-hunting party ' by placinga stop-order ' buy ' at 1.4790 level with 1.4815 targets or about 25 pips, and stop-losssimply mounted on a level 1.4775 or 15 pips.
If the condition of a "stop-hunting party" is usually the price will keep moving uppenetrate level "00" to 15-20 pips so your profit target that 30 pips can be achieved. If"stop-hunting" this cancel your order may not have been had executed, or if yourrisks are executed just 15 pips away.
With play Forex, people can be rich quickly, but can also be poor quickly as well. For ittakes training and in-depth study before plunging into the real market. Ahold first in-depth strategies, as well as follow the regulations in disipilin, then be sure your trading will be smooth and you will earn a profit.
Reference:
http://forex.muhammadarifin.com
http://www.fx-strategist.com/
http://xmiracleart.blogspot.com
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