Logically speaking, the reason why the market rebounds at these levels, it�s because most of traders close their positions and take their profit so why don�t you do the same?
For this reason I call this point �Rest Point�. Your mission now is to define those intervals of prices or points by examining the chart of the previous periods and determine where the pit stops are. Once you have those intervals or points it will be easy for you to stay away from them! You have either to close your positions before the market reach this interval or don�t enter the market until the interval will be totally broken.
Sometimes these points are near what we call �virtual supports� or �virtual resistances�. We call them that way because they are not real support and resistance but rounded values of the prices (e.g. 1.2000 � 8.9000) where almost all traders prefer to close their positions at this level and run away.
For more free information and advises on how to trade forex and Stock Market, visit www.myexpertadviser.com
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