To All:
I know I am probably very late with this Epiphany, but mind you I am new to forex and this forum.
I just wanted to share my opinons and recieve some valid feedback if possible.
These thresholds, resistances, supports, or for lack of better words (magic Numbers) seem to make much more sense than we would like to admit.
When seen on a much bigger scale, excluding the individual trend scalpers, It would seem like these numbers define everything. Let me explain..
Imagine each one of us was a major finiancial giant or a group of financial giants, with the power and capital to move the market profusely, what would your lines and charts really mean to the average joe?
Each number you use as an entry or exit point would eventually become a magic resistance or support for the regular cats like ourselves. And as we see on this board, an entry point is easily reversed to a stop point at the sign of a trend reversal. This means you have a band of giants using these numbers as markers to make major financial decisions!!
I noticed this a little while back (like I said i am very new) when I was wondering how a support could be broken by 10 pips, then all of a sudden become a resistance??!! thats when It all came together, they are all major entry and exit points, so they WILL have an effect on the trends we see forming... but back to my previous statement, right now the trading public is very nervous, and with this unease, this "sleeping giant" will continue to make "TRASH" of these magic numbers.
I hope we see some normality soon....
feedback please.
I know I am probably very late with this Epiphany, but mind you I am new to forex and this forum.
I just wanted to share my opinons and recieve some valid feedback if possible.
These thresholds, resistances, supports, or for lack of better words (magic Numbers) seem to make much more sense than we would like to admit.
When seen on a much bigger scale, excluding the individual trend scalpers, It would seem like these numbers define everything. Let me explain..
Imagine each one of us was a major finiancial giant or a group of financial giants, with the power and capital to move the market profusely, what would your lines and charts really mean to the average joe?
Each number you use as an entry or exit point would eventually become a magic resistance or support for the regular cats like ourselves. And as we see on this board, an entry point is easily reversed to a stop point at the sign of a trend reversal. This means you have a band of giants using these numbers as markers to make major financial decisions!!
I noticed this a little while back (like I said i am very new) when I was wondering how a support could be broken by 10 pips, then all of a sudden become a resistance??!! thats when It all came together, they are all major entry and exit points, so they WILL have an effect on the trends we see forming... but back to my previous statement, right now the trading public is very nervous, and with this unease, this "sleeping giant" will continue to make "TRASH" of these magic numbers.
I hope we see some normality soon....
feedback please.