This point – the mirror Reflection of Trade at 1. Accordingly, the behavior of traders is exactly the opposite way around – it should sell in the third contact with the downward price trend, carried out on two consecutive a declining price peaks reached the market earlier. The choice of these peaks is simple: we need the local peaks, characterized by the fact that the progress they are maximum prices, compared with peaks of at least two previous and next two bars. The exact price value for entering the market every time varies with time it becomes lower. Of course, it is best to use daily scale, but a good watch and a show half-hour schedules. Falsity or truth of punctures, as well as in an uptrend, it’s best to reconcile the fact of the closing of the next price bar. Breakout trading strategies at the break in prices through substantial levels are considered the most effective ways to manage trade positions, which provide high returns. Often they are associated with stop orders, which will be triggered immediately when a breakthrough and the thus provide an opportunity to take a position at the beginning of growing price momentum.
This is all true, but in many markets, stop orders are not too practical, and often even dangerous for a trading account, so this path is not always justified. Breakthrough Strategy for options of entering the market with limit orders provide greater opportunities to profit at a relatively low risk. Represented are the options – the most effective ways to trade with the breakthrough, with the best work during a subsequent correction. Point 3 Purchase of support in the area between the penultimate and the first peak of Fibo levels of the last completed market downward movement. In a growing market, we often see prices move up, developing a zigzag.
As a rule, in the first third of the trend when it is already present, and the bulls went to a consistent attack, the bears still have serious power, so they can often after each price spike upward to reduce prices so that they sink to the level of the penultimate peak. Sometimes the fall is stopped, followed by a new the upward movement that would push prices higher. But the market – not a place where all markings are in place, so at the last vertex prices may not find support, dropping even lower. If the trend is strong, then the depth reduction rarely exceeds 23%, LIMITED, even fewer – 38% level of the last fully completed market move down. It is this area, bounded by the penultimate vertex and 38%-s the level of the last completed move down there naiboleeblagopriyatnoe place of purchase. Figure 2 shows the search terms for the purchase (within one month after the event has grown twice).
When you develop the skill of taking a risk the market will cease to generate information that is perceived painful. And if the market information is unable to cause emotional discomfort, the fears go away. I think that it's easier not to express the difference between successful traders and others. Successful traders are not gripped by fear. They are not afraid because it developed a flexible attitude to what happens in the market, which allows you to enter and exit trades based on information provided market. In addition, they developed the ability to remain collected and to avoid negligence. Ninety-five percent of errors in trading comes from your attitude to such concepts as: being wrong, losing money, miss a deal or not to take some profits. Extremely difficult to realize that the source of problems in our relationship.
Many thoughts and perceptions affect our trade – the result of our upbringing and traditional perception of the world. It's so much in our minds that we do not come to mind that the reason for failure lies within us. It is natural to find an external cause of failure – the market's all my fault. If we do not understand how our thoughts or beliefs influence our perception of market information, it would seem that the market behavior is the cause of inconsistency. As a result, came the idea that in order to avoid losses and become consistently have more to study the market. This logical construction is a psychological trap into which, sooner or later fall into the majority of traders.
Based on the book ‘Trader-Mage’ (www.ts-forex.ru). Everyone, even the novice trader knows that from the perspective of psychology and methods of work, there are two main approaches to the extraction of profits from the market. In the first case the trader behaves aggressively. Wanting to quickly and a lot of money, it operates on the market (and often did not realize it) with an increased risk for its trading deposit. As a rule, so do new traders. Traders who are against excitement had already losing his first money and managed to grasp the root cause of this, it is easier to agree with the authors of numerous books and manuals, which are basically taught that the main task of any Trader learn to take even small profits (10% – 20% – 30% per month), but learn to do it consistently. This is the second approach – it is better to take small profits in a month, but with minimal risk for the trading of the deposit. But how would A trader nor acted on the market – aggressive or cautious, a major psychological problems with which he is most often encountered, is that series of successful deals he will almost inevitably appear a feeling of euphoria, and it begins to seem that he has learned to predict the market. After that, as a rule, trader begins to go beyond its own strategy, with which he had previously received all the information he gains.