Several" Pick Up Money Opportunities" In Currency Market
By: Brett Hill
"I only wait bundles of cash pile up in corner of wall, then I walk there and pick it up without efforts. Besides, I do nothing".,Trade mater James Regales said so, but what will the words of master to inspire investors?
As we know,currency market is consists of a series of trading days, and it's uncommon for complete irrelevant next trading days. But in some trading days, obvious characteristics board trend had clearly indicates the real intention of market, if we could grasp these trading opportunities of high profitable percentage,it'll be very helpful to make profit. In conclusion, easy" pick up money" opportunities are as follows:
Balanced market of close high/low: The trading day was balanced market of rise and fall but closing price is high ( or low), this shows one side obtained assumed victory. So the morning session trading on next trading day usually well be beneficial to closing side. Therefore, open a position on closing direction is a good move.
Strong trend trading day: market is controlled by unilateral force from opening to closing, exchange rate moves toward one direction. This is absolutely good chance to open a position by trend and bear very small risks. This is because the value range in next trading will commonly be continued, and it can ensure there's plenty of time make profit and leave the market without suffer losses.
Gaps: In market opening stage, gaps will be formed by the resistance entry of long-term strength, it has characteristic of support and resistance function. To open a position along gaps direction also has high profitable percentage. However because there are many types of gaps such as ordinary type, breakthrough type, relay type,exhaustion type,etc, so investors better to take action after clear analysis combined with overall environment.
Breakthrough consolidation area: When the maintained consolidation area is being breakthrough, the exchange rate change is usually rapid and fierce. This is because market participants have changed views of value and confident intervention of long-term strength. At this moment, investors should enter the market following breakthrough direction and enjoy the pleasure of "free ride"
Breakthrough failure trap: When exchange rate failed to impact resistance level( or support level), it will usually fall back to original value range. The longer of time cycle of reference point impact, the broader of return range, and this is a concept in basis of market balance. Therefor, investors should quick witted, "turn around strike".
The above trading opportunities are not absolutely not going to fail, but in compare to say are safe and reliable. If a trader could has patience to wait for emerging of opportunities and sensibility judge its fact, and combined with scientific assets management methods, and to decisive actions, he/she will must attain the good results.
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