Armchair Millionaire System Review
Points of support and resistance and Gap are the most important concepts of technical analysis is the most important thing is looking for shops in the graph are two of the more things clearer Once a quick look at the chart of a currency you can learn the resistance and support gaps for this currency points.
What are the points of resistance and support and gap?
Armchair Millionaire Resistance Point:
Is the price at which it is difficult for the currency to rise above it, and this will help you in technical analysis of the currency.
The currency may begin to rise an hour behind-hour price is increasing continuously but when it reaches a certain price begin to fall again and then go up again, and when you reach for the same previous price back down, and so many times and for several days, whenever the currency price has risen and reached this Price fell back again, observes that it is difficult for the currency that exceed this price, called such a price resistance price, a price that prevents currency to rise above it
Drop by the resistance is the price you becoming a demand for a currency less supply of them, does not mean that the price can not rise above the resistance point may even beyond, but before doing so have been dropped by several times, and whenever the number of times that he could not Price that the resistance point beyond the more it meant that the resistance point was the strongest.
What is the importance that we discover the resistance point?
When you know that the price when it rises and reaches a certain price and then come back and drop means that you when you see that the currency rate has become close to the resistance point you expect for the price to fall back then, when the price reaches a point of resistance currency will sell at this price because you expect it to go down. If Wealthy Wheat Trader dropped actually it will buy again.
Armchair Millionaire Support Point:
Is the price at which it is difficult for the currency to fall without it.
Currency rate might fall beyond the watch, but when the price reaches a certain point back and rise again and repeated it several times, we call this point the point support that is, they point at which “supports” the price and prevent it from declining more than that, which indicates that the currency when it goes down to be up to the price support increased demand by a lot of people and they become willing to buy at this price, it does not mean that the price can not be reduced for the support point it means that the price finds an obstacle to further decline when the price point up support, the more the number of times that price could not be reduced for more support point whenever it means that this Armchair Millionaire support point stronger
How important is the discovery of the support points?
When the price drops and is approaching a point of support likely that he will return to rise again, so when it reaches the currency price support point when we can buy this coin because we expect that the price will rise after that.
Gap in Binary Options
Trading based on the Gap or Gap is simple to buy and sell, but also contain some risks, mainly you’ll discover the gap in price from the previous closing price and watching the first hour of trading, to distinguish the extent of trading, rise above that term refers to the buying and falling below it refers to the sale.
What is the gap?
The gap is the change in price levels between the closing price and the opening price on the day or the next week, despite the fact that more evidence of technical analysis known four types of canonical gap: Joint Common, breakage Breakaway, continuing Continues, fatigue Exhaustion
The difference between other types of gaps can be discriminatory only after the price starts to move above or below the image is clear, and these ratings are useful for understanding the market over the longer Below you know
The four main types of Gap:
- Full gap up Full Gap Up
He spoke at the opening price above the highest price recorded in the previous day
- Full gap down Full Gap Down
He spoke at the opening price is below the lowest rate recorded in the previous day
- Partial gap above Practical Gap Up
And it occurs when the opening price is higher than today’s closing price yesterday, but not higher than the highest price of the previous day.
- Partial gap to under Practical Gap Down
And occurs when the opening price the day lower than the closing price yesterday, but not lower than the minimum price the previous day.
How do you deal with price gaps?
Initially I would not advise to trade on the price gaps, where there are some techniques to deal with the price and the gaps, but often lead to the destruction of your arrival to the margin Cole and especially if the size of a large log, so it is best to stay away from trading in this way.
If you are a trader on the daily range or category of short-term (still have open positions for the following week), I advise you to be careful to consider for your transactions importance before the end of the week and then watch the important economic data next week where it is likely to carry the following week, the market moves data in strong reverse logged and thus reflects the market and you would prefer to liquidate all your contracts on Friday of each week. As for the category of traders medium term, they must take into account a good stop losses commensurate with the Armchair Millionaire System expected during the next week as a result of economic data during the holiday, then maybe the market moves significantly during the holiday and thus find a significant difference between the closing price.