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Situs Masterforex-V Review Situs web lain dari perusahaan ini meliputi Masterforex-V.su, Masterforex-V.org, dan Profi-Forex.org Masterforex-V adalah perusahaan pendidikan forex. Master forex-V menawarkan materi pelatihan forex. Masterforex-V39s traders school mencakup dasar-dasar perdagangan forex, analisa teknis forex, analisa fundamental forex, futures mata uang dll untuk learing pribadi Anda di pasar forex. Diskusi Langsung Ikuti diskusi langsung Masterforex-V di forum kami Profil masterforex-V yang diberikan oleh NicoleFX, 8 Jan 2015 Trading MasterForex-V World Academy berusia 10 tahun dalam bisnis dan 4 tahun berturut-turut dikenali sebagai Pelatihan FOREX quotBest di Eropa. 2009-2013quot. -Dengan dindingnya membuat lebih dari 100 penemuan di bidang analisis teknis dan gelombang pasar keuangan -MasterForex-V World Academy menyambut Anda untuk menggunakan Free Traders School-Bergabunglah dengan Free Live Trading Room kami dan nikmati pengalaman berdagang dengan Pelatih perdagangan profesional - Bergabunglah dengan Free Live Trading Room kami dan nikmati pengalaman trading dengan pelatih perdagangan profesional saya hanya ingin menambahkan 2 sen saya. Saya sudah banyak menghabiskan waktu membaca buku Masterforex-V dan sekarang saya bisa memberikan pendapat saya. Pertama-tama saya ingin memperkenalkan diri. Nama saya Anthony Schneider. Ya, Anda benar, saya adalah orang Jerman setengah. ) Tetap saja, saya tidak bisa bahasa Jerman, tapi ada beberapa darah Jerman yang mengalir melalui pembuluh darah saya. Saya adalah trader forex dengan pengalaman trading 2 tahun saja, tapi saya sudah memiliki sistem trading yang bagus. Sejauh yang saya tahu, sistem yang buruk (atau tidak ada sistem) berarti rasa sakit di pantat pedagang manapun, dan kalian semua sangat ingin memiliki metode trading yang akan menjadi Holy Grail untuk Anda. Jangan ingin mengecewakan Anda, tapi tidak ada Grail, dan Anda harus terlebih dulu memahami ini untuk menemukan sesuatu yang akan membantu Anda. Saya telah menemukan sebuah sistem, yang bekerja untuk saya di situs ini. Ada 3 buku di situs - yang ke-1 dan ke-2 gratis. Pada tanggal 1 Anda bisa membaca semua dasar tentang forex: sistem yang berbeda, buku-buku terkenal oleh forex klasik, kesalahan umum para pemula. Dan seterusnya, banyak hal yang bermanfaat. Saya tidak mengatakan bahwa saya tahu segalanya sekarang, tapi beberapa pengetahuan dasar dan sistem DEFINITE - iya. Saya menghabiskan waktu 1 setengah tahun sia-sia, dan itu seperti kilat di kepala saya untuk membaca buku ini. Dalam buku ke 2 saya telah menemukan semua indikator teknis utama dan yang lebih penting - deskripsi pasti bagaimana cara menggunakannya. Saya telah membangun sistem saya berdasarkan buku ini. Saat ini saya mencoba menggunakan dan mengujinya setiap hari di demo account. Beberapa perdagangan yang saya lakukan pada yang asli. Saya tidak ingin memaksa Anda dan keputusan Anda, tapi saya dapat mengatakan bahwa ini sesuai untuk saya. Paling tidak semua orang bisa mencobanya dan hanya membaca bab-bab itu, yang dia minati. Saat ini saya sedang belajar di Masterforex-V Trading Academy. Saya akan berbagi dengan Anda pemikiran saya tentang sistem pendidikannya nanti. Tapi Anda bisa mengirimi saya sepucuk surat via E-Mail di nthintyandex.ru dan tanyakan pertanyaan yang Anda minati. Saya akan mencoba menjawabnya sesegera mungkin. Semoga sukses dalam trading Anda Dengan Salam Hormat Anthony Schneider.Forex Rahasia dagang oleh trader profesional Situs ini didasarkan pada buku-buku 8220Forex Rahasia dagang oleh trader profesional atau apa B. Williams, A. Elder dan J. Schwager tidak diberitahu tentang Forex Ke traders8221 Analisis teknis MasterForex-V Trading System Entry dan Exit Points di Forex Trading Buku-buku ini ditujukan untuk orang-orang, yang telah terbiasa dengan prinsip perdagangan Forex dan ingin belajar bagaimana menghasilkan uang secara sistematis di Pasar Forex. Minggu, 29 April 2007 Pasangan mata uang pivot point adalah salah satu keystones dalam trading di Forex. Pertama-tama, mari kita perkenalkan sebutan berikut (pengertian), yang diperlukan untuk subjek. Tinggi adalah maksimal di hari sebelumnya Rendah adalah minimum di hari sebelumnya Tutup adalah harga penutupan di hari sebelumnya. Secara umum, ada tiga kriteria utama. 1. Ada cadangan saham (jelajah) - yaitu perbedaan antara Rendah dan Tinggi per sesi perdagangan. Misalnya, mengenai pasangan GBPUSD, perbedaan ini bisa melebihi 100 poin dalam satu hari perdagangan. 2. Pembaca juga harus mempertimbangkan titik balik pergerakan pasangan mata uang (pivot point) dalam sesi perdagangan harian. Dengan demikian, mudah untuk menghitung kemungkinan keuntungan yang bisa didapat trader secara teratur. 3. Jika trennya adalah teman (lihat Buku 1), maka perlu bekerja seiring arah trennya. Dengan kondisi tersebut, pendeteksian titik pivot tren dapat mencegah kerugian yang dapat dikondisikan oleh faktor-faktor berikut 8226 Perubahan arah tren. 8226 Selain itu, konsep tentang titik pivot tren ini memungkinkan kita untuk memahami kapan sebuah kesepakatan harus dibuka dalam tren baru - yaitu pada awal pergerakan pasangan mata uang namun tidak di tengahnya. Penulis terutama tidak merekomendasikan untuk membuka kesepakatan di akhir tren baru. Secara singkat untuk mengatakan, keterampilan untuk mendeteksi titik pivot sebenarnya diperlukan untuk memperoleh keuntungan secara reguler di Forex (karena disayangkan, pengetahuannya tidak mencukupi). Sistem yang diberikan membuat dasar taktik Pivot Points, yang terkenal di seluruh dunia (secara rinci, lihat spekulan-fin.rupage.phpid64). Titik pivot dapat dihitung sesuai dengan rumus: Pivot (HighLowClose) 3 (sebutan yang diperkenalkan diajukan di atas). Setelah perhitungan Pivot, seseorang dapat menentukan tingkat ketahanan dan dukungan sesuai dengan rumus yang diberikan di bawah ini: R12Pivot - Low S12Pivot - R2Pivot Tinggi (R1 - S1) S2Pivot - (R1-S1) R3High 2 (Pivot - Low) S3Low - 2 (High - Pivot) Disini R1, R2, R3 adalah level resistan S1, S2, S3 yang level supportnya. Jadi, pada intinya, taktik Poin Pivot adalah biner (binomial). Artinya, langkah selanjutnya adalah kelanjutan logis dari yang sebelumnya. Titik pembalikan (pivot) adalah batu kunci gerakan ini. Trennya sedang berlangsung. Selanjutnya, titik pembalikan (pivot) dari tren yang diberikan digeser. Bukan tanpa alasan semua bank tingkat pertama dan lembaga dana memanfaatkan perhitungan sederhana tersebut selama 50 tahun dan lebih (lihat forum.fxclub.orgshowthread.phpt26915). Singkatnya, taktik klasik Pivot Points ini sudah dikenal di seluruh dunia. Namun, penerapannya masih belum bisa mengubah rasio pedagang yang berhasil menjadi pecundang (120). Sekarang pembaca harus mencoba melihat kekurangan metode klasik untuk mendeteksi Pivot Points. Tujuannya adalah untuk memahami kelebihan teknik Poin Pivot menurut sistem Masterforex-V. 1. Bagaimana seseorang dapat memilih kerangka waktu yang tepat untuk menghitung maksimum (atau minimum) dan harga penutupan. Kita harus ingat bahwa pasar Forex berfungsi dua puluh empat jam sehari secara teratur. Artinya, di Eropa, Amerika dan Asia pivot berbeda dalam kondisi yang sama. Alasannya adalah bahwa ketiga variabel tersebut (High, Low, Close) berbeda di berbagai negara. Mari kita tekankan lagi. Tinggi adalah maksimum hari sebelumnya Rendah adalah minimal hari sebelumnya Tutup adalah harga penutupan di hari sebelumnya. Sebagai contoh, seseorang dapat melihat grafik yang menggambarkan pergerakan pasangan USDJPY selama 22-24 Mei 2006. Di sana terlihat jelas bahwa pivot di Moskow, Tokyo, London dan New York akan berbeda secara kardinal. Terbukti, itu dikondisikan oleh perbedaan dalam hari kalender. Akibatnya, ketiga komponen Poin Pivot klasik digambarkan dalam ungkapan yang diajukan di atas (HighLowClose) 3). Poin Pivot dihitung secara aritmatika. Hasilnya agak merupakan besaran aritmatika-mean (sebagai moving average) daripada penentuan titik sebenarnya, setelah melintasi mana mata uang secara logis membuat lonjakan (lompatan) ke arah yang berlawanan. Misalnya, pivot arithmetic-mean magnitude bisa sama dengan 50 dari recoil. Seperti yang terlihat, nilai ini tidak bisa membantu di flat. Terlebih lagi, bahkan bisa berbahaya di flat jika mundur bisa mencapai 62 dan 76. Misalnya, trader bisa membuka kesepakatan pada 50-recoil terhadap trend. Pada saat bersamaan, mata uang di 62-recoil membuat U-turn (pembalikan) menuju kelanjutan tren sebelumnya. Sebagai contoh, pembaca bisa melihat Bagan 2.4.2. Angka ini jelas menunjukkan bahwa pada tanggal 6 Juni 2006 EURUSD telah jatuh dari level maksimum lokal di 1.2981 turun menjadi 1.2922. Setelah ini, ia naik 76 - ke 1.2962. Selanjutnya, dalam tren intra-hari, pasangan mata uang telah naik ke titik 1.2594. Kira-kira ini membuat sekitar 400 poin. Selain itu, pembaca harus memperhitungkan faktor-faktor berikut. Selama satu hari mata uang bisa melewati Pivot Point menuju arah yang berbeda beberapa kali. Inilah sebabnya mengapa Pivot Point klasik tidak dapat dianggap sebagai titik nyata, di mana kesepakatan harus dibuka. Sebagai contoh, mari kita periksa pergerakan pasangan EURUSD pada 14 Juni 2006 (lihat Bagan 2.4.3 - Bagan M-15). Untuk memulai dari pergerakan mata uang pada tanggal 13 Juni 2006, pivot telah membuat (1.2617 1.2529 1.2545) 3 1.2564). Pivot harus dinamik. Penulis menyatakan hal berikut. Pasangan mata uang bisa menembus 70-100 poin di sesi perdagangan Eropa. Pada sesi Amerika, poros harus mengubah nilainya - sebagai titik balik pembalikan (sebenarnya). Misalnya, bisa jadi koreksi pembalikan awal nilai Pivot sebelumnya. Dalam kondisi seperti itu, trader bisa menutup dealnya sebelum dimulainya pembalikan yang dipertanyakan. Jika tidak, trader dapat terus melakukan kesepakatan yang terbuka seiring tren selanjutnya (kesepakatan jangka panjang). Hal ini dimungkinkan jika harga tidak akan melewati Pivot menuju arah sebaliknya (berlawanan). Mari kita periksa sebuah grafik yang menggambarkan pergerakan pasangan GBPUSD selama 29-30 Juni 2006. Seperti yang bisa dilihat, pasangan mata uang tersebut telah menembus Pivot Point selama tren mingguan. Namun, pasangan mata uang ini belum pernah melewati titik pivot menuju arah berlawanan selama tren sesi - meskipun fakta bahwa pasangan mata uang ini telah melewati beberapa ratus poin selama satu setengah hari. Dalam kerangka waktu yang berbeda pivot harus menunjukkan titik yang berbeda. Seseorang harus membedakan pembalikan tren intra-hari dari pembalikan dalam tren intra-minggu. Kemudian, sekali lagi, kecenderungan durasi beberapa minggu menghadirkan pola yang sangat berbeda - dan seterusnya. Namun, menurut pendekatan klasik terhadap masalah Pivot-Points, hanya satu nilai yang dipertimbangkan - yaitu pada hari sebelumnya. Makanya, muncul secara logis pertanyaan berikut. Pembalikan tren mana yang dilakukan pivot. Sekali lagi, pembaca harus mengingat bahwa pivot ini dihitung sesuai dengan rumus yang diberikan di atas (HighLowClose) 3 pada hari sebelumnya. R. Axel (dari Dow Jones Agency) telah mengembangkan teknik perhitungan pivotnya sendiri ketika tingkat hari sebelumnya tidak sesuai dengan formula ini (HighLowClose) 3. Perbedaan ini juga menegaskan bahwa metode klasik untuk menentukan Pivot Points tidak sempurna. Seseorang bisa membuat kesimpulan berikut. Contoh-contoh yang diberikan di atas dengan jelas menggambarkan perbedaan mendasar antara pendekatan terhadap gagasan Pivot Point sebagai titik nyata pembalikan pasangan mata uang di Forex. Artinya, ada pendekatan klasik Forexis dan, berbeda dengan itu, sudut pandang Masterforex-Vs. Menurut sistem yang terakhir, prosedur berikut harus dilakukan. 1. Seseorang harus menghitung koreksi dan pembalikan di berbagai TF - untuk memulai dari sesi intra hari (M15) dan sampai beberapa minggu (D1). Ini jelas menggambarkan perbedaan antara koreksi dan pembalikan. Misalnya, situasi berikut bisa terjadi. 8226 Pembalikan dapat terjadi selama tren sesi ketika pergerakan pasangan mata uang tidak melebihi Pivot dalam tren mingguan, yang sama dengan koreksi sesi mingguan namun tidak pada pembalikan. 8226 Pembalikan dapat terjadi selama tren sesi ketika pergerakan pasangan mata uang tidak melebihi Pivot dalam tren mingguan. Ini adalah tanda pertama pembalikan yang bisa terjadi dalam tren mingguan. 2. Korelasi antara dua jenis tren tersebut memungkinkan kita untuk melakukan hal berikut. 8226 Untuk mendapatkan keuntungan selama tren sesi. 8226 Untuk memahami dualitas (binaritas) ke arah pergerakan mata uang (kelanjutan atau pembatalan (penghapusan) dalam tren sesi atau jenis yang lebih lama. 3. Rekor turun 50 mengindikasikan bukan pembalikan tren namun perubahan kuantitatif dalam Hal ini tersirat baik perkembangan lebih lanjut dari pergerakan pasangan mata uang atau transisi pasangan yang diberikan ke flat.Menurut Masterforex-V, seseorang harus mengkorelasikan kecenderungan ini dengan faktor lain - seperti waktu pergerakan, korelasi antara mata uang sekutu Pasang dan level teknis di berbagai TF, dll. Sekarang mari kita anggap masalah ini seperti yang ada di Masterforex-V Trading Academy. Sekali lagi, kita harus melihat grafik dimana pergerakan pasangan EURUSD selama 5-6 Juni 2006 digambarkan. Pembaca harus mencoba untuk mendeteksi Pivot Points sendiri. 8226 Poin Pivot dalam tren intra-hari 8226 Poin Pivot dalam sesi tren mingguan Informasi ini sangat berguna Karena itu, seseorang dapat memahami hal berikut Fakta (dan memanfaatkannya). 1. seseorang dapat mendeteksi titik di mana tren intra-day beruang dimulai 2. Seseorang dapat mendeteksi titik di mana permulaan tren mingguan beruang dapat dipastikan dengan pasti. 3. Pada dapat melihat pada titik apa tren koreksi berat (kuat) - atau trend recoil - bisa terjadi. 4. Seseorang dapat memahami kondisi pembalikan tren dan perubahannya dari jenis beruang ke banteng. Namun, ini belum terjadi dalam kasus yang dimaksud. 5. Selain itu, trader harus memperhitungkan pembalikan titik balik (failure). Mengenai aspek ini, seseorang bisa menyatakan dalam kesepakatan untuk waktu yang lama. Masterforex-V Trading Academy dalam bahasa Inggris - masterforex-v.su Untuk pekerjaan di Forex, setiap hari setiap trader harus mendeteksi tingkat teknis dari resistance dan support. Seperti yang telah disebutkan di bab sebelumnya, deteksi tingkat teknis dari perlawanan dan dukungan agak rumit. Pedagang (dan pemula khususnya) jelas harus membedakan tingkat berbagai pasangan mata uang. Dengan mengeluarkan dari kriteria ini, seseorang dapat memproyeksikan rencana komersial untuk sesi perdagangan dan mengembangkan taktik kerja sehari-hari. Saya kira tingkat teknis yang paling optimal diajukan oleh Axel Rudolph dari agen Dow Jones Newswires. Ada contoh tingkat teknis pada tanggal 7 Juli 2006. Menurut analisis teknis yang diberikan ke pasar mata uang Eropa oleh Axel Rudolph dari agen Dow Jones Newswires, USD akan turun (turun) - lihat grafik pergerakan yang dibuat pada 7 Juli, 2006 selama 24 jam. EURUSD EURGBP EURJPY EUR SWISSI. Resistansi ke-3 1.2914 0.6997 148.12 1.5766 Resistansi ke-2 1.2842 0.6988 147.80 1.5742 Hambatan 1. 1.898 0.6968 147.50 1.5713 Titik pembalikan (pivot) 1.2775 0.6957 147.15 1.5699 Dukungan pertama1.2758 0.6942 146.96 1.5689 Dukungan kedua 1.2730 0.6920 146.55 1.5669 Dukungan ke-3 1.2685 0.6913 146.20 1.5650 Mari kita periksa pergerakan pasangan EURUSD di siang hari. Pasangan ini bertujuan pada resistance minor (aksesori) di level 1.2789 (ini adalah level koreksi fibonacci dengan 61,8). Jika level ini akan tembus, pasangan akan mencapai titik 1.2842. Untuk pasangan ini, level support 1 berada pada level 1.2758 (minimum pada hari minggu). Jika, sebaliknya dengan ekspektasi, level ini akan tembus, pasangan bisa menguji kekuatan minor (aksesori, second order) support di level 1.2730. Dalam Bagan mingguan. Pergerakan pair EURUSD tergambar. Ini adalah tren naik. Pergerakan pair EURGBP disajikan dalam daily chart. Satu dapat mengharapkan pasangan untuk mencapai (sampai di) resistance sekunder di level 0.6968. Jika level ini akan tembus, pasangan ini akan menuju resistance di titik 0.6988. Tingkat dukungan pertama berada di 0,6942. Jika level support ini tidak akan bertahan (stand up), pasangan mata uang akan mengarah ke level support di 0.6920. Dalam grafik mingguan. . Kita bisa melihat pergerakan pasangan EURGBP. Ini adalah tren naik. Pergerakan pair EURJPY tergambar dalam daily chart. Pasangan ini bertujuan pada resistance minor (aksesori) di 147.50 - sampai support pertama di 146.96 tidak tembus (minimum harian pada hari Selasa). Melebihi nilai 147,50, pasangan ini akan mengarah pada resistance minor (aksesori) di 147,80. Di bawah 146,96, tingkat dukungan adalah 146,55 dan 146,20. Pergerakan pasangan EURJPY digambarkan dalam grafik mingguan. Ini adalah tren naik. Selanjutnya, pergerakan pasangan EURSWISSI digambarkan dalam daily chart. Pasangan ini lagi menempatkan pada percobaan resistance minor (aksesori) di level 1.5713 (ini adalah maksimum dalam medium yang diberikan). Jika level ini akan tembus, pasangan ini akan menguji daya tahan resistance di level 1.5742. Dukungan pertama berada di level 1.5689. Yang berikutnya ditempatkan di 1,5669 (nilai minimal pada hari Kamis pagi). Ada pergerakan pasangan EURSWISSI yang tergambar dalam grafik mingguan. Ini adalah tren naik. Dan sekarang kita anggap dengan pasangan mata uang berikut: GBPUSD USDJPY USDSWISSI Aussie dollarUSD. Resistansi ke-31.8496 116.67 1.2446 0.7510 Resistensi ke-2 1.8475 116.01 1.2396 0.7503 Resistensi pertama. 1.8415 115.84 1.2364 0.7481 Titik pembalikan 1.8370 115.20 1.2292 0.7464 Dukungan 1.8320 115.02 1.2262 0.7449 Dukungan ke 2 1.8270 114.34 1.2197 0.7439 Dukungan ke-3. 1.8200 114.00 1.2135 0.7405 Mari kita periksa pergerakan pair GBPUSD pada hari itu. Pasangan ini bertujuan pada resistance minor (aksesori) di level 1.8415. Jika level ini akan tembus, pasangan akan mengarah ke titik 1.8475. Untuk pasangan mata uang ini, minor (aksesori) support berada di level 1.8320 (maksimal pada 23 Juni). Tingkat dukungan berikutnya membuat 1.8270 (maksimum pada 27 Juni). Ada pergerakan pair GBPUSD yang tergambar dalam grafik mingguan. Apakah itu mundur dari tingkat dukungan Mari kita periksa pergerakan pasangan USDJPY dalam sehari. Pasangan mata uang turun lagi, mengarah ke support minor (aksesori) di 115.02. Jika level ini akan tembus, pasangan mata uang akan mengarah ke level support di 114.34. Resistansi pertama terletak di 115,84 (maksimum di media). Kami sekarang tinggal pada pergerakan mingguan pasangan USDJPY. Kenaikan tersebut terhambat oleh level resistance. Mari kita periksa daily chart pergerakan USDSWISSI. Satu dapat mengharapkan pasangan untuk turun ke minor (aksesori) support di 1,2262, sampai pertumbuhan akan dibatasi oleh resistance di 1,2364. Jika level resistance ini akan tembus, kenaikan pada pasangan mata uang ini pada hari Jumat dapat membatasi resistance minor (aksesori) di 1,2396. Support berada di 1.2197, yang lebih rendah dari level 1.2262 (minimum di medium). Sekali lagi, seseorang dapat mempelajari pergerakan pasangan USDSWISSI, yang digambarkan dalam grafik mingguan. Kenaikan tersebut terhambat oleh tingkat resistensi. Ada pergerakan dolar Aussie dollar pair yang tergambar dalam daily chart. Pasangan ini bertujuan pada resistance minor (aksesori) di 0,7481. Jika level ini akan tembus, pasangan ini akan mengarah pada tanda 0.7503 dan 0.7510. Poin ini maksimal pada tanggal 9 Juni dan 12 Juni. Dukungan 1 minor (aksesori) terletak di level 0.7449 (minimum pada hari Jumat pagi). Tingkat dukungan ini harus bertahan (bertahan) jika pasangan mata uang menguji level ini untuk kekuatan (durability). Jika level ini akan tembus, support minor (aksesori) di 0.7339 akan menghambat peluruhan pasangan mata uang ini. Ada pergerakan dollar USD USD tergambar dalam grafik mingguan. Orang bisa melihat mundurnya dari level support. Titik mundur (U-turn, poros) sama dengan jumlah harga minimum dan minimal dari penutupan tawar menawar di hari sebelumnya, dibagi tiga. Mahasiswa Masterforex Trading Academy telah mengembangkan sebuah indikator - sesi Pivot RS. Hal ini dimaksudkan untuk menghemat waktu yang bisa dihabiskan pada titik penandaan setiap hari (U-turn, poros) dan 3 level resistance dan support (lihat level resistance dan support dari Axel RS - forum.masterforex-v. Orgindex.phpshowforum24 Kami sekarang memikirkan keuntungan dari analisis teknis yang diberikan oleh Axel Rudolph ke pasar Forex 1. Bagi seorang trader, sangat mudah untuk melihat titik balik (pivot) point dan 3 level resistance support sehubungan dengan ke 8 Pasangan mata uang dasar di Forex Tentunya, pendekatan seperti itu menghemat waktu 2.Satu hal harus memperhatikan judul review analitis Axel. Pergerakan mata uang lebih lanjut pada hari tersebut juga harus diperhitungkan. Rudolph Alex telah dengan jelas mengekspos pasangan mata uang Arah pergerakan di awal perdagangan di Forex 3. Dalam grafik yang diperhatikan 7 Juni 2006, seseorang dapat melihat bagaimana pasangan mata uang sekutu, yang berada di luar pivot, telah berhasil menembus level support resistance 1, 2 , 3. Ini dikondisikan Dengan penurunan suku bunga USD. 4. Mari kita memikirkan kemungkinan mendapatkan keuntungan di Forex. Seperti yang dapat dinilai oleh contoh-contoh yang diberikan di atas, trader dapat memperoleh keuntungan dengan pergerakan pasangan mata uang untuk memulai dari level 1 dan naik ke level supporter ke-3. Komentarnya Pembaca harus memperhatikan perselisihan antara siswa Master Trading Masterforex-V Trading dan pemimpin Forex Brokers Forex Club. Broker Forex ini, setiap hari mengeluarkan Dow Jones Newswires, entah bagaimana berhasil untuk terus memberikan ulasan analitis yang mengandung tingkat Rudolph Alexs kepada para pedagangnya. Hanya siswa Masterforex-V Trading Academy yang menjadikan salah satu pialang Forex terbesar klub Forex di Rusia untuk memasukkan Investigasi analitis Rudolph Axels ke Dow Jones Newswires untuk para pedagang. Kami sekarang memikirkan kelemahan tingkat teknis di Forex, yang disampaikan oleh agen Dow Joness. 1. Setiap sistem tidak dapat diandalkan jika seseorang tidak memahami esensi dari itu. Jadi, apa yang bisa dilakukan saat level Axels tidak akan dikeluarkan besok. Jika tidak, R. Axel bisa salah. 2. Bagaimana seseorang bisa mendeteksi tingkat R. Axels sendiri dalam beberapa jam sebelum publikasi berita. 3. Bagaimana seseorang dapat mengetahui tingkat penolakan dalam setengah jam lebih awal dari R. Axel akan mempublikasikannya Dengan cara itu, siswa Masterforex-V Trading Academy entah bagaimana mendapatkan informasi ini lebih awal daripada yang muncul di Dow Jones Newswires ( Line line), yang dikeluarkan oleh Pialang Forex terkemuka di Rusia 4. Anda dapat menghitung pasangan mata uang pivot (titik pembalikan) sesuai dengan teknik berikut: titik pembalikan sama dengan jumlah maksimum, minimum dan harga Ditutup pada hari sebelumnya, dibagi tiga. Namun, poin ini tidak akan pernah sesuai dengan nilainya, yang akan disampaikan Axel R. Axel keesokan harinya. Benarkah menghitung pivot sehingga membuat kedua nilai ini bertepatan 5. Teknik mana yang bisa digunakan untuk memeriksa kebenaran tingkat R. Axels. Misalnya, pada tanggal 7 Juli 2006, tingkat keempat perlawanan untuk pasangan EURGBP dihitung sebelum berita terbit. Hal itu membuat puncak lokal di sesi Amerika. (GBP berada di 1.8540 EUR berada di 1.2860). Ada contoh lain. Pada tanggal 10 Juli 2006, R. Axel telah menunjuk level ke-3 support GBP sebagai 1.8415. Pada saat yang sama, sebagian besar peserta Masterforex-V Trading Academy menutup penawaran mereka di 1.8365 - merupakan minimum lokal pada hari itu juga (10 Juli 2006). Bagaimana seseorang dapat mendeteksi minimum lokal hari perdagangan dengan akurasi hingga 1 poin di paruh pertama sesi perdagangan ketika GBP telah bergerak melalui 160 poin. Dengan tujuan mendapatkan keuntungan secara teratur, siswa Masterforex-V Trading Academy mempelajari kekhasan tersebut. Tentunya, pendeteksian titik pivot dan level resistance yang 3-4 diperlukan untuk mendapatkan keuntungan secara teratur. Namun, pengetahuan hanya dari metode ini saja tidak cukup. Masterforex-V Trading Academy dalam bahasa Inggris - masterforex-v.su mundur dari tingkat teknis. Intinya, bagian ini didedikasikan untuk hal berikut. 1. Untuk meneliti pendekatan klasikis Forex terhadap masalah penentuan perbedaan antara tingkat kejenuhan teknis yang benar dan yang salah. 2. Untuk mengekspos kekurangan, melekat pada masing-masing sistem klasik, yang menyebabkan kerugian pedagang di Forex. 3. Dengan memberikan analisis terhadap masalah ini, untuk menguraikan metode solusinya. Seseorang dapat menggambarkan keadaan saat ini dari analisis tingkat teknis di Forex sebagai berikut. 1. Metode terpadu untuk mendeteksi tingkat teknis di Forex belum diuraikan (lihat Bagian Tingkat dukungan dan hambatan dalam Masterforex-V TS 2. Suatu teknik yang memungkinkan kita untuk memperkirakan apakah pelarian itu benar atau salah tetap tidak Dikembangkan juga. Seseorang dapat menandai dua jenis pergerakan pasangan mata uang di Forex: a). Ada yang bisa terjadi terobosan nyata (nyata) melalui level teknis, setelah itu pasangan mata uang bergerak menuju level berikutnya. B). Di sisi lain, mundur dari tingkat teknis, pelarian palsu disertakan, adalah mungkin. Bagi para pedagang kerja, aspek berikut ini penting. 1. Ada kecenderungan datar - yaitu tren lateral antara level pertama dari resistance dan support. Ketika sebuah mata uang masuk ke koridor harga ini, arah pergerakan selanjutnya tidak pasti. 2. Menurut definisi, trennya adalah pergerakan pasangan mata uang yang diarahkan sebagai hasil terobosan sejati (sebenarnya) dari level teknis datar. Sebuah). Jika pergerakan pasangan mata uang diarahkan ke atas, maka pelarian menembus level resistance pertama (breakout ke atas). B). Jika pergerakan pasangan mata uang diarahkan ke bawah, maka terobosan tersebut menembus level support (breakout downwards). Hal ini jelas digambarkan dalam grafik yang diberikan di bawah ini. Bagan 2.1. Pelarian palsu menembus tingkat resistensi dan kembali ke zona datar. Bagan 2.2. Pelarian benar dari tingkat dukungan dan awal dari tren beruang. Ada aturan yang harus diperhatikan trader. 1. Di bawah kondisi flat. A) Entah keluar dari pasar (terutama jika kisaran tren lebih sempit daripada cadangan saham statistik rata-rata (kisaran jelajah) untuk pasangan mata uang tertentu per sesi perdagangan). B). Jika tidak, seseorang dapat bekerja dengan mundur - yaitu untuk melakukan transaksi pembelian dari tingkat dukungan dan penjualan dari tingkat hambatan di bawah kondisi kisaran datar datar, kira-kira sama dengan cadangan persediaan statistik rata-rata (kisaran jelajah) untuk suatu barang Pasangan mata uang per sesi perdagangan. 2. Dalam tren, saya akan merekomendasikan untuk bekerja hanya ke arahnya (tren adalah teman saya). 3. Pelarian benar melalui tingkat teknis menunjukkan awal dari sebuah tren. SEBUAH). Artinya, jika pelarian menembus tingkat perlawanan, tren banteng sudah mulai. B). Jika tidak, jika itu terobosan melalui tingkat dukungan, tren beruang sedang berkembang. 4. Perkembangan tren (course) adalah gerakan yang diarahkan dari satu tingkat resistensi terhadap yang lain. Hal ini digambarkan dalam Bagan 2.2. Setelah menembus level dukungan pertama, mata uang tersebut melaju dari satu tingkat ke level lainnya - sampai mundur. Ini berarti tidak melanggar melalui tingkat berikutnya atau pelarian palsu melalui salah satu dari mereka. Dalam Bagan .2.2. Pelarian palsu melalui level dukungan ketiga (datar) juga digambarkan. Ini menunjukkan bahwa gerakan tren yang diberikan temporer ditangkap atau sudah berakhir. 5. Atenuasi gelombang tren (ujungnya) adalah tren gerakan yang diarahkan berubah menjadi gerakan lateral (datar). Flat ini ditandai dengan tidak tembus melalui level resistance atau pelarian palsu (the recoil). Dalam Bagan.2.2. Seseorang dapat melihat pelarian palsu melalui tingkat dukungan 3. 6. Pasar berada di bawah kondisi gerakan tanpa henti. Karena itu, dalam sesi perdagangan, tren akhir dalam bentuk flat membuat titik awal tren perkembangan lebih lanjut. Hal ini digambarkan pada Bagan 2.2 - antara tingkat dukungan 2 dan 3. Seperti yang ditunjukkan pada Bagan 2.3. Support 2 berubah menjadi resistance 1.A minimum lokal berubah menjadi support 1. Dengan demikian, sesi perdagangan berikutnya masih bisa dilakukan di bawah kondisi flat, level supportresistance ditentukan secara ketat. Jika tidak, ex-support 2, setelah menembus resistance 1, bisa membuka tren bullish. Masing-masing, jika support akan tembus, tren bear akan mulai. Bagan 2.3. Tingkat resistensi dan dukungan. Dengan demikian, semua peraturan yang bisa menjamin praktik menguntungkan di Forex bisa dirumuskan secara singkat sebagai berikut. 8226 Seseorang harus mengerti (merasakan) perbedaan antara level support dan resistance (lihat bagian sebelumnya). 8226 Seseorang harus tahu aturan pelarian sejati melalui level dan mundur dari mereka, pelarian palsu disertakan. 8226 Seseorang harus melihat korelasi antara flat dan trend dalam berbagai kerangka waktu (TF). Komentar. Seperti yang bisa dilihat, aturan yang diberikan di atas yang menyangkut korelasi tren datar agak sederhana. Makanya, timbul pertanyaan berikut. Mengapa lebih dari 95 pedagang, yang tahu peraturan ini, kalah di Forex Jawabannya jelas. Artinya, seseorang harus benar-benar membedakan pelarian sejati melalui tingkat teknis dari yang salah. Bila tingkat teknis pelarian benar, seseorang harus membuka kesepakatan ke arah tren yang dimulai. Bila pelarian tingkat teknis salah, seseorang harus membuka kesepakatan terhadap arah yang berlawanan. Ini sangat sederhana (jelas), bukankah itu perlu untuk membedakan dengan jelas (katakan) tanda-tanda pelarian sejati dari yang salah. Kami sekarang memeriksa bagaimana perbedaan antara jerawat yang benar dan salah melalui tingkat teknis dijelaskan oleh klasikis Forex. Secara umum, kaum klasik memproklamasikan hal berikut. Pertarungan sejati, berbeda dengan yang salah, terjadi saat volume perdagangan meningkat. Dalam kasus pelarian palsu, volume perdagangan tidak meningkat. Dalam perdagangan Exchange, Alexander Elder menyatakan hal berikut. Sambil membuka kesepakatan beli, situasi terbaik adalah saat breakout ke atas dalam grafik hari ini akan dikonfirmasi oleh indeks teknis yang bisa mengindikasikan formasi tren naik ke atas yang dimulai pada chart mingguan. Volume perdagangan yang lebih besar melekat pada jerawat yang benar. Sebaliknya, sebagai aturan, kejantanan palsu ditandai oleh volume perdagangan kecil. Selain itu, ketika pelarian itu benar, indeks teknis mencapai nilai maksimum maksimum baru menuju arah perkembangan tren. Pelarian palsu sering ditandai oleh perbedaan antara harga dan indeks. Koridor harga tertentu lebih melekat di pasar daripada tren. Mayoritas jerawat melalui batas koridor harga salah. Such breakouts can involve into the game a gambler who follows the trend- earlier than the prices return to the standard. The false breakout is the amateurs plague. At the same time, professionals adore such false breakouts. Neimans viewpoint is the following. In their majority, false signals can be checked ( detected ) with the help of the volume indices. In the first ( primal ) currency movement towards the level of supportresistance, the trading volumes are increasing. At the last stage in currency movement towards the level of supportresistance, such volumes are diminishing. That is, at the beginning of this reversal figure development, the volume is increasing due to the trend previous price movement. When the figure development is coming to the end, the volume is increasing due to the price movement in the direction, opposite to the previous trend. It is the sign that nobody is interested in prolonging the old trend. In a chart, it can be depicted as follows: L. Borcelino in his Manual of de-trading (see forum.masterforex-v.orgviewforum.phpf9 ) presents another characteristic of the double peakminimum. The second peakminimum is formed with a trading volume smaller than the first one. In fact, the second peakminimum cannot be as highdeep as the first one. Nevertheless, it is the repeated attempt at moving towards the same direction. And what is more, such double peaksminimums can develop their 3 rd. 4 th. etc. waves ( versions ). Such doubletriple peaksminimums can be formed within a short period - as well as during a much longer time interval - from several minutes and up to ten years. In contrast to the false breakout, the true one is characterized by the trading day closing above the technical level breakout. This position must be hold up not less than during 2 days. J. Murphy in his Technical analysis of future markets also investigated the problem of criteria of the true breakout through the trend line. It is not a simple problem. In detecting such criteria, subjectivity of a kind is unavoidable. As a rule, the trend line breakout via the price of closing of bargain ( deal ) is more important than just a breakout within a day. There are price filters. They condition ( prescribe ) that the trend line must be broken through by a certain value. In addition, there exist time filters. Among them, the most commonly used is the so-called the rule of two days. In contrast to the false breakout, the true one is characterized by the trading day closing behind ( above ) the technical level broken through. This position must be hold up not less than during 5 days. In his Technical analysis. The full course, D. Swagger studied the problem of signs of a truefalse breakout. According to him, the following situation is rather common ( ordinary ). Prices just slightly deviate from the original trading range and only for several days. Later on they return back. One of the reasons of such pattern is the following. The market participants want to safeguard ( insure ) themselves against the heavy movement in prices after the trading range breakout. Therefore, they issue protective stop-orders in the vicinity to the trading range. The result can be the following. Sometimes even an inessential movement in prices towards the outwards of the trading range can stimulate ( provoke ) realization of a considerable number of the protective stop-orders. As soon as this primary flow of orders is saturated, the breakout comes to an end - if it is not strengthened by fundamental reasons and support purchases. Otherwise, the breakout can sustain if there are large deals on sell in the case of the breakout through the lowest bound ( bottom ). Such sells can fortify ( strengthen ) this tendency. One must take into account such specificities in the price behavior. As an indicator of the tendency beginning, the trading range breakout probability is much higher if the prices still remain beyond the range after several days - e.g. after 5 days. When waiting for the confirmation of the breakout, one can partially miss the profit per several days at the beginning of the tendency. All the same, this tactics helps eliminating many false signals. In contrast to the false breakout, the true one is characterized by overcoming of the 3- movement behind ( above ) the technical level broken through. According to J. Murphy, sometimes even the breakout with the price of closing is not enough to be sure that the true breakout through the trend line has happened. To exclude false signals, the majority of analysts use various time- and price filters. The 3-breakout makes an example of a price filter. Mainly this criterion is used for estimating a long-term trend line breakout. The price of closing must leave the trend line not less than by 3. However, this rule is unacceptable to some financial futures - e.g. to deals with interest rates. D. Swagger mentions that other signs of the confirmation can be used - such as the minimum percentage change in the price. T. Chand has studied the channel breakout (see On the other side of the technical analysis - 1997). His rule of entering is the following. If the todays closing is higher than the maximum price in the last 20 days, one must buy at the closing. In the case of the downward position, one must sell at the closing. Going out of a long deal must be realized at a new 5-days minimum or with the stop-loss. Going out of a short deal must be realized at a new 5-days maximum or with the stop-loss. The stop-loss makes 1500. This is a typical trend-following system. In Encyclopedia of trading strategies, D. Cats and D. McCormick examined breakouts on the basis of prices of closing. The test 1 is based on the channel breakout. In this system only the prices of closing are used. Here one does not take into account the entrance with the market price into the stock exchange tomorrows opening and the deal costs (the commission ( brokerage ) and slip). In this system, the rules are the following. If a current position is short or neutral and market price is higher than the price of closing in the last n days, one must buy at the tomorrows opening. On the contrary, if a current position is long or neutral and market price is lower than the minimum price of closing in the last n days, one must sell at the tomorrows opening (open a short position). The only parameter is inherent in this system. It is n (the number of days under analysis). Chart 2.5. The breakout of upper bounds of narrow trading ranges (GBP September, 1990). Under the condition of a heavy trend movement, a deal may be opened even after 5() days. This case is hardly can be contested. However, what must be done in the other situation, examined by Swagger as an example of the analysis of another type. Chart 2.6. The breakout of the previous minimum as a signal of sell. Soybean oil. Continuous futures. Chart 2.7. Support at the level of the previous relative maximum and resistance at the level of the previous relative minimum (DM, continuous futures). How to correlate such recommendations given by Swagger with the principle of work on the breakout of the resistancesupport level only on the 6 th () day We now dwell on the difference between breakouts through the resistancesupport levels under the conditions of 8226 the strong signal (), 8226 the signal of intermediate strength (), 8226 the weak signal (). It is the classification according to E. Neiman in his The traders small encyclopedia (see forum.masterforex.orgviewforum.phpf9 ). I conventionally divide such signals into the three groups. It makes it easier to understand Neimans approach towards determining the signal strength - and, respectively, to find out the strong and weak points of this theory. A). Within the trend, the signal is strong (). B). In the period of a flat, the signal is moderate (). C). In the direction opposite to that of the trend, the signal is weak (). These types of the signal are depicted in Chart 2.8. Chart 2.8. The signal types . The recoil from the level occurs, and the false breakout does happen more often than the true one. It is the work with recoils from each of the technical levels. Again, let us return to On the other side of the technical analysis by T. Chand. He has examined the recoil ( rolling-backsystem ). According to the old rule, the deal must be made on buy when the recoil is directed towards the support. Many traders like such situations. Really, the risk is minimal, whereas the potential profit could be rather high. On the contrary, one can buy in case of a strong trend and sell when the trend is weak . The key point consists in distinguishing the recoil from support. The recoil is a slight correction of the trend. The recoil kinds can vary. For instance, one can determine the recoil as the currency movement in the last 3 days. Otherwise, it can be regarded as the approach to a moving average (MA). The latter can be considered as that of 20 or 50 days duration. It can be a simple or exponential one. All the same, the price can touch the average or cross it. The entrance into the 1-band in the vicinity to this MA is also possible. After scrutinizing the conditions, one can decide where the buy could be profitable. For instance, it can be done at the tomorrows opening, at the yesterdays maximum, or at the maximum chosen within 5 days. A lot of variations of this system can be developed in this way. First, we will regard the recoil as a new minimum within 5 days under the condition of the upward-directed trend and new maximum within 5 days under the condition of the downward-directed trend. Further, we must determine the notion of a trend. The minimum must remain above the 50-day simple MA, whereas the maximum must be below this MA. Other versions are possible. A trend coming into the existence must be confirmed by ADX-14 exceeding 30. Otherwise, as an index of recoil, one can use RSI-14 or stochasticity. Getting into the critical zone, the reversal and leaving this critical zone make the signal. In Stock exchange secrets, L. Connors and L. Rushky state the following. In trading on the deviations ( oscillations ), the most appropriate model is the trading on the trial of the previous peaks (maximums or minimums). Such tests enable us to indicate the double breakpoint ( rest-point, salient point ). Thus, one can find a perfect position for opening a deal. Under such conditions, the risk of losses is minimal. The detection ( test, probe ) of a minimum, where the long-term position must be opened, can take place slightly higher or lower. All the same, the support cannot be established before the realization of the detection ( test, probe ). The majority of our models has become formed exactly after the successful detection ( test, probe ) - i.e. after the previous maximumminimum approbation by the market and returning to this value again. Chart 2.9. An example of the double breakpoint ( rest-point, salient point ). T. DeMarque has examined the difference between the true and false breakouts through the technical levels. He has emphasized the importance of estimating whether the intra-day price breakouts are true. TD-points must be chosen correctly. TD-line must be plotted from the right to the left. The price guideposts must be calculated. After this, the three way-outs must be considered: 1. There can appear the signs of the tendency reversal. 2. A substantial shift in the correlation between the demand and proposal is possible. 3. The price guidepost realization is important as well. Besides, there is another factor, to which the attention should be paid. One must consider whether the intra-day price breakout is true. This is especially important. I regard my investigations in this area as a substantial contribution into improving of the technique of choice of a moment of entering the market - and leaving it. What is more, the given principles are applicable in other methods of the technical analysis as well. The following situation is rather typical. Traders take a position at points of the trend line breakout to-be. Than they with horror watch that prices stop and start to move in the opposite direction. This results in substantial losses. However, those very traders keep on doing the same mistake, not thinking about the origins of it. False breakouts are always rather frequent. It is traders stumbling block, because of which some of traders totally refuse to use the trend line. A techniques of developing TD-lines has somewhat improved this situation. Nevertheless, false breakouts do happen. As far as I know, a technique of estimating whether the breakout is false or true is not developed yet. We now dwell on the breakout qualifiers. TD-qualifier of the breakout 1. The signal of buy is true if the price of closing has decreased the day before the signal arrival. The signal of sell is true if the price of closing has increased the day before the signal arrival TD-qualifier of the breakout 2. The signal of buy is true if the price of opening is higher than the price of breakout. The signal of sell is true if the price of opening is lower than the price of breakout. TD-qualifier of the breakout 3. The signal of buy is true if the price of closing on the eve of the breakout, summed up with the difference between the price of closing and the minimum price in the same day (or the price of closing the two days before the breakout if it is lower) is lower than the price of breakout. The signal of sell is true if the difference between the price of closing on the eve of breakout and the difference between the maximal prices of closing in the same day (or the price of closing the two days before the breakout if it is higher) exceeds the price of breakout. I have discovered three TD Breakout Qualifiers. There are two price models, formed the day before the probable breakout. In addition, there is one model, which is formed in the day of breakout. In particular, I have drawn the following conclusion. If a market is in the state of oversell (overbuy) the day before the breakout, there increases the possibility that the amount ( pressure ) of buyers (sellers) all the same will not become diminished after the breakout. This makes just illusion of the market strength (weakness). Giving analysis to the price behavior on the eve of breakout, I have discovered the following. If the price of closing on the eve of breakout upwards is lower than in the previous day, the probability of the true intra-day breakout increases. In this case, it can be recommended to open a position in the intra-day intersection (crossing) of the trend line. I determine this as TD Breakout Qualifier 1 (see Chart 1.37 ). In a way, TD Breakout Qualifier 3 is similar to TD Breakout Qualifier 1. Really, it also takes into account the price movement on the eve of the trend line breakout. However, in the case of TD Breakout Qualifier 3 one determines the difference between the maximum price and the price of closing on the eve of the trend line breakout downwards. Further this difference is subtracted from that very price of closing. It is the method of calculating the supply value. The demand value is calculated in the following way. The difference between the price of closing and the minimum price on the eve of the trend line breakout upwards is added tothat very price of closing (see Charts 2.10, 2.11 ( 143 and 144 )). The true breakout can be detected in the following way. One must find the difference between the price of closing on the eve the breakout upwards and the minimum price in that very day (or the price of closing in the previous day - if it is lower). Further it is necessary to add this difference to the price of closing in the day before the breakout. If the value obtained is lower than the price at the point of breakout, the breakout is considered true. If the value obtained is larger than the price at the point of breakout - most probably, the breakout is false In the given example (see Chart ), the difference between the price of closing and the minimum price on the eve of the breakout of TD-line of supply (A-B) is added to the price of closing in that very day. The value obtained is smaller than the price at the point of breakout. Consequently, the trend line breakout is true. In this chart TD-line of demand (A-B) is also drawn ( plotted ). In Chart (145 ), for determining whether the trend line breakout downwards is true, the use is made of the procedure, the sense of which is reversed with respect to the above-described one. First, one has to determine the difference between the price of closing and the price minimal on the eve of the supply line breakout upwards (A-B). Further, the price of closing in the same very day must be added to this difference. As one can see, the resulting value is smaller than the price at the breakout point. This confirms that the breakout is true. The principal drawbacks of the classical theory of distinguishing the true and false breakouts of technical levels at Forex from the viewpoint of Masterforex-V TS . Such drawbacks are the following. 1. The classical theory of the true and false breakouts of technical levels was developed not issuing from conditions of Forex money-market (where the trading volume was not taken into account). Some other markets were considered. 2. Even T. DeMarque has recognized that this approach is incorrect in total. This classicist has admitted the following. As far as he is concerned, he still doesnt know any technique that could permit traders to see whether the price breakout is true or false. One can judge by oneself. Really, it is evident that the deal opening directly after the previous day technical level breakout must be specified much more exactly. E. Neiman doesnt write about this aspect directly. However, his approach to the order opening is based on the conviction that a given breakout must happen along the trend development direction. This approach must be scrutinized much more closely. The reason is that the one of the keystone figures of reversal (such as either the head and shoulders, or the head and shoulders reversed) is purely the result of ( exactly indicates ) a local peak breakout of the previous day. Some traders try to play safe. Avoiding not getting into the head and shoulders figure, they open deals after 5 () days to start from the technical level breakout. In this connection, there arise the following questions. Surely, one could give analysis to broad markets post factum. In this case, one can choose heavy trends of the duration within 30-70 days or longer (as Swagger did it). Thus, one can recommend traders to open their deals in the 6 th day to start from the technical level breakout. However, whats about the real trading Under such conditions, a trader does not know the trend actual duration. For instance, see Chart . GBPUSD pair movement on June 30, 2006 can serve as an example. The support at 1.8000 has been broken through. After waiting for 5 days, one could open a deal in the vicinity to 1.7560 at the 6 th day - i.e. after the currency has already advanced more than the half-way in its movement (by 440 points). Now one could expect a local minimum at 1.7310 - to be more precise, at 1.7435. Exactly at this point, after the breakout thorough the previous day maximum, the currency has reversed. Thus, making use of the technique by Swagger one can gain just 125 points under the conditions of a strong trend (690 points). However, one must keep in mind that the reversal could happen earlier. That is, one losed 500 point in order to dogmatically stick to the rule not to open a deal during the first 5 days after the level breakout. As the result, a deal will be opened at the end of the currency movement or before the recoil. When a dogma does not correspond to the practice any more, it would be better to decline ( reject ) it, would not it We now dwell on the recoil system according to T. Chand in his book On the other side of the technical analysis). Notwithstanding all the positive aspects of this system, a very serious drawback is inherent in it. That is, within the framework of this system one cannot detect a point at which the recoil turns into the reversal. The theory of the level breakout . developed by D. Cats and D. McCormick in Encyclopedia of trading strategies, must be revised ( specified ) from the viewpoint of ( with respect to ) the price of closing in the previous day. That is, one can give hundreds of examples when the work according to the given technique is profitable at Forex. At the same time, there are also hundreds of disadvantageous situations - e.g. the breakout through a local peak in the previous day can result either in the reversal or in a very heavy recoil towards the direction, opposite to the level breakout. In the framework of the classical analysis given to Forex, the notions of technical levels of resistancesupport of tilted ( slant ) and horizontal channels are not clearly defined - they are just piled up. Hence, how can one tell the difference between these characteristics from those the features in common Elder was the first who attracted attention to the following problem. How to elaborate ones position in all the mess of true and false breakouts, trends and flats in different time frames The currency pair movement may be divided as following. b) trend recoils After this, all possible combinations of these three characteristics must be put on trial in various time-frames at least at 3 screens - as A. Elder has recommended. It is necessary to calculate the number of combinations. For instance, there is the combination 1. That is, the trend is in the minimal timeframe, whereas the flat is in the large-scale timeframe. At what points it must be determined whereas level breakouts are false or true Is it enough to use three screens ( displays ) according to Elder Maybe more screens would be preferable. As far as Im concerned, I work with 4 screens. What are the drawbacks and advantages of the given technique How different timeframes are correlated with one another under the following condition. That is, at ones point-of-sale terminal, there are 4 screens. However, one must take into account the quantity of timeframes much larger. What is the correlation between the technical levels of resistance and those of support, all of them being exposed at 4 screens In what way do the fundamental and technical analyses supplement each other How can a trader make use of the fundamental analysis from the viewpoint of its applying in the branch of the technical analysis, the problems of which are enumerated above Masterforex-V Trading Academy in English - masterforex-v.su Support and resistance are the known cornerstones in forex technicals, wherein: 1. a current forex rate (CFR) is surrounded by levels of: a). resistance being superior to CFR b). support being inferior to CFR. 2. a level breakthrough triggers a leap to a consecutive supportresistance 3. a false breakthrough is responsible for a rate backstroke (say, from resistance to support). Thus, having data on resistance and support levels and being armed with RS truefalse criteria, a trader grows faultless-entry skilled to ensure smooth level-to-level trading. To be found below is a graphic drawing of a flat followed by an RS updown breakthrough. In actual sample GBPUSD trade dated January, 31, 2006 the support breakthrough has triggered a bullish in-session trend. Simple, isnt it Affirmative at a glance, but 95 of traders loosing their forex deposits are calling for natural questions: 1. Whats the reason, the world traders are getting entangled in so a seemingly simple regularity 2. Whats the way of correct detection of RS levels for currencies to use to jet off from 3. What attributes are inherent to truefalse breach differentiation It is, thus, to be concluded that a trader will never achieve steady FX gains unless the answer is found to the above three simple questions. CLASSICAL BOOKS ON RESISTANCE AND SUPPORT LEVELS Forex scholars books, when analyzed, are giving grounds why 95 of traders turn deposit-killers. The point is that under different technical scholars: a). fairly different understanding is being attached to support and resistance b). no distinct criteria (except Demarks technique) is in service to finding a support and a resistance c). there is no clear-cut interfacing between RS levels on different timeframes. Below is sort of understanding classification: 1. RS are understood by SOME SCHOLARS to be horizontal lines drawn along price highs and lows support and resistance are horizontal (or almost horizontal) lines linking several minima Fig.2. Support and resistance Legend E. Nayman using resistancesupport levels at trade station: 4. MOVING AVERAGES based resistancesupport levels. Sebuah). E. NAYMAN: Bollinger Bands are sort of peculiar supportresistance lines 5. ROUND NUMBERS being supportresistance levels a). E. LEFEVRE (view: Memories of an Exchange Profiteer forum.masterforex-v.orgviewforum.phpf9 ) underlined: Rates, having, for the first time, traveled 100, 200 or 300 points, are almost sure to cover additional 30 to 50 pips b). D. SCHWAGGER: One is to be especially cautious about dollar holdups. With USD781,25 best working on T-bonds and USD425 - on soybeans, temptation is raising to find optimum holdup for each market. It is advantageous to establish a round number to comfortably use it all of the markets. CLASSIFICATION OF WEAK AND STRONG RS LEVELS AS VIEWED BY FOREX SCHOLARS J. MURPHY classifies support and resistance (view Technical Analysis of Futures Markets, New York Institute of Finance Prentice Hall, 1986) proceeding from: price in-domain residence period (1) volume of trade (2) and price domain age (3). 1. The longer the price reciprocation period within a certain supportresistance area, the more critical the area. By way of an example, if a certain stagnation area observed a 3-week price updown movement with subsequent rally thereof, this support domain is more important than that having observed a 3-day price reciprocation. 2. Volume of trade is another means to evaluate importance of supportresistance. If, say, a support formation did involve a huge volume of trade, it means a huge number of contracts passing from hands to hands, hence the support levels is ranking high and visa versa: the less the volume of trade, the lower-ranking the support. 3. Still another supportresistance importance indicator is its age in relation to the present moment. Since we are dealing with traders reaction to market moves and to positions they have entered or have failed to enter, it is fairly clear, that the younger the event and the reaction thereto, the more important the event. Seven years later (in 1993), A. ELDER has confirmed 2 of 3 J. Murphys postulates dated back to 1986. His classification of resistancesupport levels is guided by: - number of test tangencies it sustained (the greater the number - the stronger the level). Within a fortnight an immediate supportresistance is formed within 2 months the level grows accustomed to by traders, thus attaining medium power within 2 years actually a stereotype is built radiating strong support and resistance. - price scatter dominating a supportresistance level (the wider the range thereof - the stronger the level). A wide-range turning-point price consolidation is similar to a high fence surrounding valuable property. A congestion zone equal to 1 of current price (4 points with SampP500 at 400 level) yields insignificant supportresistance, whereas a 3 area is responsible for medium levels with a 7 area possessing sufficient power to be a strong trend killer. - The greater the volume of trade in a supportresistance area, the stronger the levels. Huge volume within a congestion zone is indicative of numerous emotional jobbers involvement. As opposite, minor volumes point out traders indifference towards the level being intersected, hence being attribute of the levels deteriorated health. Weak supportresistance levels are capable of bringing a trend to a halt, while strong ones may appear trend reversers. Traders buy support and sell resistance, thus turning their impact into a self-justifying projection. SCHOLARS VIEW ON SUPPORTRESISTANCE SEATING POINTS 1. T. DEMARK recommends: - plotting resistance upon bid TD-points - plotting support upon ask TD-points. 2. D. SCHWAGER (view: Technical Analysis. Complete Course) insists on drawing resistance and support in the vicinity of prior lows and highs. Support and resistance are to be viewed as approximate areas rather, than exact levels. It is to be emphasized that any previous high is not at all a premonition of perspective prices dry up thereat or thereunder. Instead, it is indicative of a resistance to be expected near that level. By analogy, a previous low is not at all illustrative of further price declines halting thereat or thereabove. Instead, it is indicative of a support to be projected close to that level. Depicted below is a support zone governed by relative prior highs and lows concentration: gold, futures. Continued by D. Schwager: Some technical analysts use to treat previous highs and lows as being endowed with, sort of, holy significance. A previous high, being 1078, is deemed by them a strong resistance. In case the market displays a spike higher, say, as far as 1085, they reason the resistance to have been breached. Its not correct. Support and resistance are but to be looked upon as cloud-shaped areas rather than exact levels. 3. J. MURPHY resorts to plotting support and resistance in a local peak-wise fashion (i.e. by local highs and lows): A resistance level usually coincides with the previous peak level. 4. A. ELDER: Resistance and support are to be preferably plotted (see Fig. 13) through congestion zone margins (CZM) rather than through highs and lows. CZMs constitute traders mind-changing areas, whereas highs and lows are only reflective of panic among weakest jobbers. Continued by A. Elder: Beware of supportresistance false breaching, indicated as F in the above figure. Breaches are followed by amateurs, with professionals being opposite travel jobbers. Now, pay some attention to the charts right corner, where prices have bumped into strong resistance. Its high time to hunt for shorting with a stop-loss to be placed slightly above the resistance level. To be noted is a pronounced regularity, not referred to by A. Elder: the supportresistance levels drawn through previous local peaks are not extended by him after false breaching thereof. 4. D. SCHWAGER gives the following explanation when resorting to projection of 2 () inclined support and resistance levels: - Standard lines are usually drawn through price extrema (highs, lows), attributable to traders emotions, therefore these points may not reflect the markets real trend. - An inner trendline is to be plotted closest to the bulk of relative lows and relative highs, ignoring extreme points D. Schwager himself is the recognizer of the subjective nature inner trendline method, but in so doing he jumps to a very important conclusion that ordinary trendlines are: - far less helpful (), than inner trendlines. One of inner trendlines shortcomings is their inevitably random nature, even greater than that possessed by ordinary trendlines, being restricted by extreme highs and lows, at least. In practice, not infrequently, several options prove available as regards inner trendline plotting procedure (see Fig. 14). Nevertheless, my experience advises inner trendlines to be of greater avail than ordinary trendlines when spotting potential supportresistance areas. 1. Each forex scholar offers his own interpretation of supportresistance levels, meaning different entities thereby (inclined, horizontal, inclined-horizontal, MA-based, round numbers-based, etc.). 2. There exists no clear-cut technique to define points to plot supportresistance levels through (except that of Demarks). 3. In real time trading, that said, these levels discovery on forex charts automatically entails absolutely different conclusions. Legend: - ordinary trendline - inner trendline. TESTING AND PRACTICAL INCONSISTENCY OF CLASSICAL SUPPORTRESISTANCE DETECTION METHODS Jeffry Owen Katz and Donna L. McCormick have disclosed results of their testing of the above scholars recommendation procedures in their Encyclopedia of Trading Strategies: TEST PROCEDURE 2 A channel breakthrough-operated system. Closing prices are utilized only next day market price entry at session opening commission and slippage being accounted for. The above test has been performed exactly the way the previous one, but with no account to slippage (3 ticks) and commission (USD15 per dealing cycle). Although the model displayed perfect operation with no account to dealing expenditures, it has turned out a complete fiasco in practice. Even the best-in-sample solution has proved loss-responsible only, and, as expected, the systems beyond-sampling poor operation came into being. Note: In compliance with E. Naymans theoretical outlook, a channel upward breach is alleged to be a STRONG (. ) trading signal at an uptrend. TEST PROCEDURE 6 It is a closing price breakthrough system with next day per stop-order entry. The model longs via a stop-order at the point of breaching a resistance appointed by recent highs and shorts via a stop-order at the point of breaching a resistance appointed by recent lows. As expected, the system exhibited much poorer operation with low profit and deteriorated statistics within sampling. The model proved killer to the per-deal average of USD798, with profit rating being 37. TEST PROCEDURE 7 The procedure involved volatility punch with next-day opening entry. The model longs upon next-day opening with provision that todays closing appears superior to the volatility upper edge. The model shorts in case of the price falling below the above edge. The optimization period embraced 240 dealings only with 45 being profit-bringing. TEST PROCEDURE 9 Involved is volatility punch triggering a per stop-order entry. The model effects a market stop-order entry immediately after passing a breach point. The sampling period incorporated 1465 dealings, each being of 6-day average duration. The system has ensured 40 profit with average gain of USD931 each. Under all parameter combinations only longs were winning. Both shorts and longs proved loosing outside sampling limits. Only 29 were winning out of the total of 610 dealings. Testing data, supplied by Jeffry Owen Katz and Donna L. McCormick, constitute convincing grounds that forex scholars trading systems involving supportresistance breakthrough (the way these are described by the scholar) are rather likely to result in loss than in profit. This is one of the reasons for 95 of traders to turn their forex deposits killers. Inasmuch as the supportresistance related theory is so mixed up and subjective, it is only to be guessed what sort of supportresistance reading-matter may be offered by modern forex brokers websites. Lets resort to sort of a brief investigation of supportresistance levels by way of May, 12, 2005 sample trading day analysis. - EURUSD 1,2720 1,2475 1,29 1,3160 - GBPUSD 1,90 1,9150 1,8540 1,8130 Comments: the Alpari Analytical Department Director Roman Pavelko is hardly able to teach beginners, assuming the following: a). he has mixed up the EUR and the USD support and resistance b). being an intraday trader, he recommends going long on the GBPUSD at a 150-point distance from the current morning price, whereas it is common knowledge for any Masterforex Academy beginner, that after a 150-point travel any position on the GBPUSD should be squared at a local high, instead of waiting for a further 150-point intraday leap to 1,9150. C). have You ever heard about an intraday trader, indicating a 450-point difference between support and resistance in his pending session trading plan (GBPUSD 1,90 - 1,8540) d). these recommendations aftermaths are apparent: the GBP has punched 1 point to 1,9001 and swiveled down to 1,8871 the EUR reached 1,2958 and reversed to 1,2853. That said, do You think, someones going to fire R. Pavelko from the Alpari Chief Analyst position I rather doubt the fact. Hence, the question is: why should R. Pavelko be source of such sort of recommendations to naiumlve Alpari beginners and why is Alpari management happy about situation where traders turn losers after following these recommendations Brokers recommended supportresistance on the EURUSD and GBPUSD as of June, 12, 2006 morning: - EURUSD: support 1.2780, 1.2740, 1.268590 1.2600, resistance 1.2890, 1.293040, 1.3000. - GBPUSD support 1.8740, 1.8670, 1.8560, resistance 1.8890, 1.8940, 1.9000 EURUSD support 1.2820 resistance 1.22940 (. ) GBPUSD support 1.8805 resistance 1.8950 The June, 12, 2006 information on technical levels of EURUSD GBPUSD is missing with the supportresistance levels themselves being quoted in incidental unsystematic fashion. EURUSD: - support: 1.2840, 1.2800, 1.277050, 1.2720, 1.2670, 1.2630, 1.26001.2580, 1.2540, 1.2500, 1.2460, 1.24001.2390, 1.2350, 1.2300, 1.2250. - resistance: 1.28901.2900, 1.2960, 1.3000, 1.3040, 1.3100, 1.3150, 1.320010. GBPUSD - support: 1.8840, 1.8800, 1.874030, 1.8700, 1.867060, 1.8630, 1.8590, 1.8535, 1.8500, 1.8450, 1.8400, 1.8360, 1.8300, 1.8270. - resistance: 1.887080, 1.891520, 1.894050, 1.89901.9000, 1.9060. RES 4: 1.2990 RES 3: 1.2965 RES 2: 1.2940 RES 1: 1.2915 CURRENT PRICE: 1.2890 SUP 1: 1.2830 SUP 2: 1.2795 SUP 3: 1.2755 SUP 4: 1.2685 RES 4: 1.9080 RES 3: 1.9000 RES 2: 1.8960 RES 1: 1.8915 CURRENT PRICE: 1.8895 SUP 1: 1.8815 SUP 2: 1.8725 SUP 3: 1.8725 SUP 4: 1.8515 Are You not getting mixed up Each broker presents his own supportresistance levels different from others. With the above diversity of levels being recommended any truefalse breach of any technical level proves out of question. Should we attempt to simultaneously depict all the supportresistance levels furnished by various forex brokers, well ultimately find ourselves facing a picket fence thereof. The arrangement is reminiscent of J. Schwagers Technical Analysis. Complete course, raising a question: Is technical charting to be referred to as a prediction engine or as folk arts Probably, the best way out here is: 1. In view of huge number of forex scholars opinions, let everyone answer this question independently with the purpose of finding out the way to faultlessly pinpoint supportresistance levels. 2. Let everyone decide whether he is going to believe the supportresistance levels, released daily by various Brokers and Dealers, provided that: a). one has no idea of the definition principles thereof b). the above levels being offered at websites by non-traders or by ex-losers. Otherwise the natural result will remain equal to 95 of losers worldwide. SUPPORTRESISTANCE LEVELS CONSTRUCTION UNDER MASTERFOREX-V TRADING CONCEPT 1. Support and resistance levels are to be split into those of flat and trend: a). supportresistance levels are horizontal when in flat b). supportresistance levels are inclined when in trend. 2. Various kinds of supportresistance are intrinsic to various trend types (if You are considering 4 trend types, You will face 4 RS grids if 5 trend types are being dealt with, there will emerge 5 RS grids respectively). 3. A larger trend is of greater significance in respect to a minor one, whereas minor trend supportresistance levels are of more accurate nature than those of larger one. This issue has not at all been touched upon either by forex technical scholars, or by modern analysts. 4. All the 4 trend-type supportresistance detection procedure is elaborated in the fashion enabling the Masterforex-V Academy hundreds traders to daily set up supportresistance levels with 1-2 points deviation, due to forex quotes difference from various Brokers. This aspect has not been considered by forex technical scholars either. 5. It appeared indispensable to simultaneously analyze the minimum of 2 ally currencies supportresistance levels (say, GBPUSD, EURUSD, etc.) since there is the formula: True RS level breach by the forex pair 1 False RS level breach by the forex pair 2 EITHER False RS level breach by the forex pair 1 OR True RS level breach by the forex pair 2 This aspect has not been considered by forex technical scholars either. 6. Minor timeframes intermediate RS levels (for the sake corrective depth calculation) ARE DIFFERENT from those being manifested under forex trendwise travel. This aspect has not been subject to investigation by forex technical scholars either. 7. The available technical analysis scholar literature on supportresistance levels contains plentitude of helpful and. data. The objective is to effect independent synthesis of T. Demarks, A. Elders, E. Naymans, J. Murphys, D. Schwagers et al techniques with the above Masterforex-V principles in order to attain proper understanding of the way prior binary regularities tailor further movement perspectives. 8. A combination of 4 trends and more is helpful in 1-4 point-accurate detecting forex trading session local extrema. With the above said, it proves strange to hear the statement of Ch. Lebau and D. Lucas (see: Computer-aided analysis of Futures Markets (forum.masterforex-v.orgviewforum.phpf9 ), reading: We do not believe in exact price prediction popular practice. - Whats the way the Masterforex-V Academy students manage to profit now and then - Are they being no-readers of forex analysts numerous websites - Do they independently establish supportresistance levels on multiple timeframes of numerous - Do they check their established levels against a primary source (wherefrom the Brokers analysts use to crib a supportresistance) - Do they understand principles of truefalse breaching of each level and of a bounce therefrom - Are they capable of calculating in-session currencies travel margins to a destination, whereafter the above currencies bounce off and exhibit corrective reversal THE QUERY MAY GO ON: Masterforex-V Trading Academy in English - masterforex-v.su BOOK II Chapter I THE MFV TRADING CONCEPT TREND DEFINITION To ensure steady profits at FX a trader is suppos ed to pinpoint faultless entries and exits. Its common knowledge, that a trend is the principal and the most compromising relevant area. Hence, trend detection is the traders PRIMARY target. If The Trend Is Your Friend, entries should be executed trendwise and the profit should be allowed to flow, etc. there emerge questions to touch every live FX trader: - what are the trends criteria (bullish or bearish) - once known, it is a traders conventional job to enter trendwise and let the profit flow - if the FX major rule quintessence is as simple as that, why 90-99 of traders suffer losses with enviable permanence Book I Chapter XI Where trends are to be chased at FX or the traders faultless profit segments, masterforex-v.001011.htm analyses the FX scholars and modern forum-speaker traders overwhelming chaos in the field, ranging: - from the Charles Dow classical definition that a trend constitutes a vectored price travel, where each consecutive high is higherlower than the foregoing one with each consecutive low being higherlower than the foregoing one (my opinion: the definition is obsolete and does not fit new FX realities) - to some traders purely absurd opinions on no tre nds at modern markets along with Eric Naymans thinking of his trend varieties built upon no distinct criteria (There are none of any strict rules, once forever established, - E. Nayman stipulates). One of the factors responsible for traders en-mass deposit losses is fairly understandable from the above. If theres no distinct definition of trend - then the question is: should entries be effected bullish or bearish trendwise and where should the profit be allowed to flow MFV TREND DEFINITION From MFV standpoint a trend is a vectored price travel between two opposite reversal patterns. In-trend movement is of zigzag nature, i.e. there is a recovery wave following each pulse wave. The pulserecovery ratio is indicative of the trend direction. Thus: - under a bullish trend, the uprising pulse length exceeds the corrective bearish wave one - under a bearish trend, the bearish pulse length exceeds the corrective uprising wave one - under a sideways flat, the pulse and recovery durations are equal. Figure 1 legend: - flat upper boundary - flat lower boundary Figure 1. Trend and recovery Headnshoulders is a USDCAD reversal pattern with a bearish trend startup, where a downward pulse is longer than an upward corrective action. Respectively, a USDCAD W1 bearish trend is alive till there is a reversal pattern. As obvious from USDCAD W1 chart, there was no upward reversal pattern in 2003-2006. Hence the W1 bearish trend continues. Later on in Book II TA in MFV trading concept I will stage a detailed description of each component, attributable to the trend change, but for the time being only the critical ones will be referred to. 1. Atrend continues till theres a swivel, thus increasing the importance of reversal patterns, discussed hereinafter. Reversal patterns are found at any trends origination and termination. Thereby a trend constitutes the distance from one reversal pattern to another, being opposite: - the start of a bullish trend is a reversal pattern of the preceding bearish or sideways trend - the bullish trend continuation is a trend continuation pattern (see Book II Trend continuation patterns masterforex-v.subook2.htm )being a retracement variety calling for a trendwise entry. - the bullish trend termination being a bullish trend reversal pattern. Here are the examples: 2. There is an arbitrary fall of classical bullish and bearish trend reversal patterns into: a). reversal patterns resulting from a non-breakthrough of a next in turn resistance or support on a bullish or a bearish trend respectively: with reference to drawings of classical trend reversal patterns from the following books by FX scholars: John J. Murphy Futures markets TA: theory and practice D. Schwagger TA, comprehensive course A. Elder How to gamble and win at the exchange A. Elder Basics of exchange trading Larry Williams Long-term secrets of short-term trading K. Lukas Using TA at the world FX market A. Nayman Minor traders encyclopedia A. Nayman Master trading. Secret materials A quadrangle with the pulse and corrective waves equal to each other Below are several sample trend continuation models within a single trend. Of interest is the bullish wave transfiguration into a pulse and the bearish wave one - into a corrective action, thus governing a bullish trend continuation. - a pennant. CRITICISM OF CHARLES DOWS CLASSICAL TREND DEFINITION In last century thirties Charles Dow has proposed a trend definition up to now wandering from manual to manual and injuring traders in an irremediable manner. Please, once again go through Charles Dows definition: a trend constitutes a vectored price travel, where each consecutive high is higherlower than the foregoing one with each consecutive low being higherlower than the foregoing one. Is it clear why his definition fails to properly account for modern trend realities According to Charles Dow, the trend core criterium is restricted to the fact that each consecutive high is higherlower than the foregoing one with each consecutive low being higherlower than the foregoing one. It leads to erroneous logics of stops allocation (safety cushions per Bill Williams) offered in practically all FX manuals: one to several points lower the previous low at uptrend or the previous high at downtrend. Various timeframe figures below are illustrative of how this classical trick is used by the FX Game Organizer to blow off traders stops, positioned in strict accordance with Dows trend rules, included into the worlds FX manuals. What type of trend is here, proceeding from Charles Dows provisions Please, take pain to calculate how many highs are higher than the previous ones and how many lows are lower than the previous ones. And above all How many traders stops have been shot down here GENERAL TREND DEFINITION OUTLINE AS SEEN BY MFV TRADING CONCEPT. 1. Atrend is a vectored price travel between two opposite reversal patterns. 2. In-trend movement is of zigzag nature, i.e. there is a recovery wave following each pulse wave. The pulserecovery ratio is indicative of the trend direction. 3. Classical patterns are incorporated within a recovery (pullback) model, followed by a new trend wave. And now, assuming these paras 1-3, we will analyze the above figure 18. By all classical canons the previous low of 1.9647 is to be followed by: - the preceding trend denial according to Charles Dows uptrend tops and bottoms being higher than the previous ones - stop-loss orders placement. Instead of stop-loss orders I resort to locking (see Book I masterforex-v.org001018.htm ) I am always putting a series of questions to staunch supporters of stops being placed in conformity with FX canons: - Are You sure that the trend wont reverse at that point - If negative, why should You be placing a stop - But if You are certain, why dont You effect a concurrent opposite entry - What is Your piece of mind on how many traders in the world have placed stops along with You - Are You sure that the FX Game Organizer will not be tempted to knock down all the world traders stops by way of a single gesture and to continue urging the previous trend further on The above sample chart of dated 01.12.2006 furnishes strong evidence of: - WHAT FOR the world traders are trained to place stop-loss orders at the same point - WHAT FOR obsolete theories of Charles Dow and other FX scholars are published in millions of copies, being sufficient for ALL the traders throughout the world - WHY the 97-99 t raders loss statistics is identical through all the countries. So, whats to be done to avoid plopping down into losers swamp AT LEAST, You are to try to get the understanding of WHERE and WHY traders loose their deposits whereas, AT MOST, You are to attempt to elaborate Your own entry and exit algorithm. To this end You are to give scrutiny to the chapters on reversal patterns and trend continuation, incorporating a detailed investigation of: - shadow details of each trend retracement (recovery) - see the chapter on trend continuation patterns - shadow details of each trend swivel - see the chapter on trend reversal patterns - inaccuracies, innuendos and direct errors committed by FX scholars on the issue. Putting it otherwise, You will have to find problems solution, many of the scholars (John J. Murphy, D. Schwagger, B. Williams, A. Elder, K. Lucas, A. Nayman, etc.) have failed to find. AND BY WAY OF A PROMPT FROM MFV: A headnshoulders reversal pattern should take shape to ensure trend reversal. Legend: option Options A and B are indicative of the points where the headnshoulders reversal pattern could be feasible. Masterforex-V Trading Academy in English - masterforex-v.suWeekly GBPUSD and EURUSD Reviews by Masterforex-V Academy Commercial Member Joined Apr 2014 51 Posts Greetings to all members of this forum. In this topic I will be posting GBPUSD and EURUSD currency pairs reviews based on Masterforex-V New Technical Analysis. If you have any questions regarding some Masterforex-V elements and instruments, or regarding provided reviews - feel free to ask here in this topic. I will try my best to explain. Also - if any of you are familiar with a term: quotsynthesis of binary regularitiesquot. And you are familiar with Masterforex-V market analysis aproach - You are more than welcome to epxpress your opinion on live market situation. Hal.s. I hope this is the right section to open this topic. If it is not - moderators, please move it to the right section. Thank you in Advance. As you can see from picture above - MF protective pivot and MF Channel are not broken. But AO - is starting to show, that wave level of current correction is higher than h4, which means that a new cycle is starting. After confirmation of MF pivot and MF channel we will have following options: - NEW FZR up trend up prolongation - start of an h4 (minimum) flat with As you can see from the picture quite important MF pivot is broken now. Which means that the whole trend up stopped (AT LEAST). 1. Now for Eur-Usd trend to proceed we need a new FZR series up (which later will be called as Elders Baskerville hound pattern (usually its sub-waves are a-b-c-X-a-b-c) 2. To turn-arround, we need a FZR down d1 (at least). Moment of true will show everything. For now flat at least of h4-h8 level. Best regards, NicoleFX Commercial Member Joined Apr 2014 51 Posts We constantly receive e-mails from people asking what is the difference between Masterforex - V and MasterForex To avoid any future confusion I would like to give my explanation here in this topic: Masterforex-V Academy and Masterforex Broker are completely different organizations that have nothing to do with each other. Masterforex-V new Technical Analysis and Trading System is a completely unique market analysis approach based on MF synthesis of binary market regularities. Masterforex-V Trading System was founded by Viacheslav Vasiljevich. All his foundings where described in 3 Masterforex-V books - written by him self. Masterforex-V Academy is an independent from any brokers - club of traders (based in closed forum of Masterforex-V) where traders analyse markets daily based on Masterforex-V approach and where Masterforex-V team of professional traders help to understand all the nuances of Masterforex-V new Technical Analysis. MasterForex Broker (or MFX Broker) is a broker company. Every traders know what is a broker company so I dont think, that I need to explain to you what is a broker company and what services do they provide Masterforex-V Academy has nothing to do with MFX Broker Best regards, NicoleFX Commercial Member Joined Apr 2014 51 Posts Hello) A small update on EurUsd. Please see key notes on the picture: As I mentioned on the picture: - Impulse down is still developing (not finished yet). Its Wave Level reaches D1 already. Wave Level can easily grow even higher. Will be growing until particular conditions happen (AO d1 or FZR h1 up - please see picture). Commercial Member Joined Apr 2014 51 Posts As a conclusion: GbpUsd mid-term trend up is still valid. There is a quotstopquot on smaller TFs, and GbpUsd will be facing a quotmoment of truequot upcoming week. But For this trend up (purple wave) to turn around - FZR down of h4 wave level (at least) is need. Commercial Member Joined Apr 2014 51 Posts Hello) A small update on EurUsd. Please see key notes on the picture: As I mentioned on the picture: - Impulse down is still developing (not finished yet). Its Wave Level reaches D1 already. Wave Level can easily grow even higher. Will be growing until particular conditions happen (AO d1 or FZR h1 up - please see picture). Nothing really changed on EurUsd pair since my last quotupdatequot. So lets take a look at mid-term situation:
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