The deception has become the principle, which compels many traders who have eagerly incorporated into the technical analysis, to the wrong. The first comes the movement and the deception. Who makes the observation of the the fakeout the supreme principle of his trading philosophy, in precisely the same time observing the intentions of the major players. It was not wrong to trace them. It is the handwriting of larger addresses, which can break powerful, built over a couple of days supports or resistances and also to fish all stop orders waiting there, then thankfully pull up the market again. Less capitalized traders can not do that. And it's almost a rule nowadays the large players play with the little ones by faking that from today on (after breaking out) a new phase has come, the market will continue to collapse. The deal hunters, who of course have secured their long positions using a stop-loss order a little under the service, are stopped out by the abrupt fall of their courses. Additionally, short sell stop market orders (these are the orders of those who gamble on falling prices) continue to drive prices down. The large ones have been waiting for that! Since the trick of the story is that in several circumstances the so-called sellers and also the so-called buyers are often one and the very same actors. These have, until they pressed on the market down, long before large buy order placed below this stop-loss level. These buy orders are ching the market and prices are beginning to rise again. The short sellers suddenly understand they have bet on the wrong horse and need to buy their short positions again by buying back their own contracts. This allows the prices continue to rise. The large players had their pleasure and were able to make huge profits after getting near 0 risk below service. The deception was fantastic. The deal hunters and short sellers were apulted by the imitation with reduction from the market and do not dare today, again to have a position. The Smart Money has once more managed to fool anyone.
ThereforeI trade exclusively on specially created supports and resistance zones with the help of candle strength. The most significant indications of resistance and service would be the so-called equilibria in the price chart. Helpful here would be the timeframes H4 and H1 in Addition to M15 and M5. For rapid entry, the 15 sec chart assists.
Here is an example of the EURUSD 15M using the Candle Power from Hanover