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David Smith (Forex trader)

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Popular Chart Levels misused for faked Trading Signals and Stop Runs by Manipulators

Some Popular Trading Levels:

Important Highs/ Lows
Round Numbers
Pivot Points

Market often comes back or gravitates around these popular chart levels and frequently penetrates them to trigger mainstream trading signals and to run for stops.

Be careful with these mainstream trading strategies. Moreover watch out for pure stop runs at these chart levels, which can lead to a strong market turn around. In general, the first breakout is often a false one.

Often a minor false price breakout at Highs/ Lows, Round Numbers and Pivot Points come with the first test of these chart levels to trigger close-by breakout orders and stop orders. The retracement to catch some stops of the breakout traders often gives the faked impression that the popular chart level holds as Support/ Resistance, thus encouraging mainstream traders to position accordingly.  However, market often goes for a second test of the popular chart levels to clear the stop orders above/ below important chart levels before either retracing back or breaking through the level targeting the next one.

Moreover, a clean break through a striking trading level without an immediate price retest is very seldom and if so then the chance of a retest in near future is likely to catch stop orders of the breakout traders and to minimize the chance of an easy trade with a small stop lose at important price levels although the reiterating stop triggering process at striking chart levels would suggest this to happen more often in the absence of any market price manipulation.

In general, market price goes there where the stop loss orders are anticipated.

Read more:

Overview: Market Price Manipulation in Forex

#Forex   #Trading   #EURUSD   #FX  

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What are Support/ Resistance levels and When does S/R break? Typical Price Patterns - Changing role, Breakout Confirmation, Price Retest, Stop Running, Consolidation Pattern Zones, SMA

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Forex Price Manipulation series - Trading the FX Manipulation

Forex Price Manipulation in the #EURUSD   - Stop Running

Manipulation Overview:

Is #Forex   too big to rig?

#FX   #Trading  Manipulation analyzed!

#DayTrading   the #Euro   Manipulation

Understanding the Price Rigging Process and the manipulative Chart price patterns are the key factors for successfully trading the Forex market.

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Trading the Price Manipulation in the Forex Market

How to successfully trade the Forex Market for example the EURUSD

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FX Price Manipulation and Stop Runs analyzed!

How the Price rigging in the Forex market works!

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Forex Price Rigging | Is high market volume in Forex a protection against market manipulation?

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#Forex  Price Manipulation - Stop Running
Do Popular Chart Patterns work? Forex Manipulator
Support and Resistance levels | EUR USD
Breakout ‪Trading‬ Strategies 
Fibonacci‬ Analysis 
High Probability ‪Trading‬ ‎Setups
Important Chart Pattern - Price Rejection
Candlestick #chartpatterns

#eurusd   #forextrading   #trading   #fx   #usd  
#fibonacci   #forex   #daytrading   #euro   #eur  

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Fibonacci Retracement and  Fibonacci Extension levels, Trend Analysis Support/ Resistance
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