The delusion conceptually propounds that intraweek and intraday FOREX currency quotes movement is governed by either improvement or by deterioration of the state's economic situation. But in reality, even in case the actual Forex news are superior to the estimated one, the FOREX quotes up-down movement is of 50-50 probability.
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Author Archive
Forex Secrets – Delusion No1 – Forex Currency Rate And Economic Factors Impact On Exchange Rate
Forex Secrets – The True And False Breakouts Of The Resistance And Support Levels on Forex (Part I)
One can mark out the two types of the currency pair movement at Forex - a). There can happen the true (real) breakout through the technical level, after which a currency pair is moving towards the next level. b). On the other hand, a recoil from the technical level, a false breakout included,...
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Forex Secret – Technical Levels at Forex, Presented by Dow Jones’s Agency
For the work at Forex, every day each trader must detect technical levels of the resistance and support. As it is already mentioned in the previous chapters, detection of technical levels of the resistance and support is rather complicated. A trader (and the beginner especially) must clearly differ the levels of various currency pairs....
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Correlation Between Binary Elements and Fuzzy Logic at Forex Market and in Trading System
Forex has much in common with "Fuzzy logic" by Lotfi Zadeh and "Fuzzy Thinking" by Bart Kosko. In fact, the new branch of the science of Forex is named "Fuzzy logic". The latter issues from the titles of the editions mentioned.
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Where To Look For Trends At Forex Or The Faultless Gaining Of Profit By A Trader (Part II)
As far as I'm concerned as a trader at Forex , the problem of finding a proper trend is one of the keystones in understanding of the market. On the surface of it, it is quite simple. One has just to make use of the trend definition as the currency stably-forward movement, then to...
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Forex Secret – Enter To Trade Using Slanted Channels At Forex Market (Part II)
According to the classicists of Forex, the tactics of opening-closing the deals, where the use is made of slanted channels, can be conditionally divided into the following groups. 1. The work inside the slanted channel (recoil from the slanted channel level). 2. The work on breaking through the slanted channel level....
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Forex Secret – Slanted Channels as Instrument for Giving Analysis at Forex Market
The slanted channel notion implies the trend direction detection. The reader should keep in mind that "the trend is our friend." That is, if one clearly sees the trend direction, one works along it.
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Forex Secret – Currency Pair Reversal Points – Pivot Points
The currency pair pivot point is one of keystones in trading at Forex. First of all, let us introduce the following designations (notions), necessary for the subject. "High" is the maximum at the previous day; "Low" is the minimum at the previous day; "Close" is the price of closing at the previous day.
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Forex Secrets – The True And False Breakouts Of The Resistance And Support Levels on Forex (Part II)
One can mark out the two types of the currency pair movement at Forex - a). There can happen the true (real) breakout through the technical level, after which a currency pair is moving towards the next level. b). On the other hand, a recoil from the technical level, a false breakout included,...
Read more »
Forex Secrets – Support and Resistance Levels in Forex Market
Support and Resistance Levels in Forex Market
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Forex Secret – Specificities in the Intra-Day Work at Forex
An individual is interested in knowing the correlation at least between the first (and shortest) trends at the beginning of the trade but not at the end of it. That is, one wants to learn the clear and simple rules, according which it would be possible to regularly open deals quietly and work within...
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Forex Secrets – Delusion Number 2 – Who Prompts Forex Quotation to Traders?
The delusion conceptually propounds that traders operate at a spontaneous FOREX market (as stipulated by B. Williams, A. Elder, E. Nayman, etc.) But it is not the case. Traders do their job inside a well-organized and controlled currency exchange market, governed by the Consortium of the world's largest banks. Hence, who is pushing the...
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Forex Secret – Trend Reversal Classical Figures in Technical Analysis at Forex Market (Part II)
The classical figures of continuation and reversal of the trend are always of great importance to a working trader. A trader can come across the following figures. A figure of the trend prolongation (continuation) indicates that there takes place the trend common correction (recoil). After the end of it, a deal...
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Forex Secret – Enter To Trade Using Slanted Channels At Forex Market – Part I
According to the classicists of Forex, the tactics of opening/closing the deals, where the use is made of slanted channels, can be conditionally divided into the following groups. 1. The work inside the slanted channel (recoil from the slanted channel level). 2. The work on breaking through the slanted...
Read more »
Where To Look For Trends At Forex Or The Faultless Gaining Of Profit By A Trader (Part I)
As far as I'm concerned as a trader at Forex , the problem of finding a proper trend is one of the keystones in understanding of the market. On the surface of it, it is quite simple. One has just to make use of the trend definition as the currency stably-forward movement, then to...
Read more »
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