A pure Forex scalper exits a position quickly if the market doesn’t go his way. He will make a number of trades a day, between 10 to a couple hundreds, and he doesn’t hold on to a losing position hoping or praying that it will turn around!The main aim of the Forex scalper is to [...]
Posts Tagged ‘Support And Resistance’
8 Simple Steps to Scalp the Forex Market
Posted by admin on April 19th, 2010
Forex Secrets – Support and Resistance Levels in Forex Market
Posted by admin on December 29th, 2009
Support and resistance are the known cornerstones in Forex technical, 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 support/resistance;3. a false breakthrough is responsible for a rate backstroke (say, from resistance to support).Thus, [...]
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Tags: Breach, Breakthrough, Cfr, Classical Books, Cornerstones, Differentiation, False Criteria, Horizontal Lines, Interfacing, Killers, Leap, Natural Questions, Regularity, Resistance Levels, Simple Questions, Support And Resistance, Support Resistance, Technical Scholars, Timeframes, World Traders 
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