The technical stuff is true of course. However, all of this bullish talk along with other news brings out the contrarian nature in stock traders, suggesting that the upside for this market is limited, or a correction is might be coming. In addition, with every trading day, the evidence begins to accumulate that a pullback seems likely in the markets. If this happens traders can look to take some short positions. There are different ways of describing Support Resistance or Supply Demand in the forex market is referred to as Reactive and Proactive levels. The charts show traders Reactive levels based on price activity from price swing lows/highs, open gaps on a chart, certain candle patterns and our sacred four open high low close. All of these reflect pure price action. Stock and Forex traders need to learn how to read charts at these levels to make profitable trades. How To Trade Forex Using Support and Resistance Levels
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
No comments:
Post a Comment