Friday, May 29, 2015

Decision Points In Trading

Decision Making In Forex Welcome Traders

The point and topic of discussion today is How we find "Decision Points", in Forex. We all know that this currency market is driven by fear and we have some strong decision points which tells you about the history and price respect those areas and Market use to trap after collection Breakout Buying or selling orders. But the point here is how we can pinpoint those areas where market has taken a final decision and look to rally.

Decision Point taken In Gbp/usd Chart



Chart above shows us that Decision was taken after strong rally from bottom but it was taken at a very crucial resistance which had already cap the market

There was real chances that market fade away from this Breakout But demand was very strong and it rise from Historic Lows(Strong point as Historic Lows could be target of current rally)

Market could still easy fade away and start falling in the direction it was falling earlier and resume the trend but that decision was strong and market really ignore that in the first attempt and consumed the supply in the second

Market use to pause at crucial resistance making room for next moves or just sit here for days or even weeks but As I told you decision was made to breakout and when you see such breakouts after strong capped areas You need to start watching the charts as I mention in the text on chart.

1 comment:

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