Thursday, October 25, 2012

My True FX System

Like I said last night, if you can find the Support and Resistant then you are the winner!.

Let me illustrated it as below:

Figure 1: FOREX Chart
If you see the price movement on the Figure 1, you can see that the price got 3 major Support & Resistant.
I named it  Zone 1, Zone 2 and Zone 3. Let see the next Figure.

Figure 2: Illustrated Price Movement Chart

Zone 1: Price will always move between NS and NR so it will be a normal support and resistant.
Zone 2: Price will bounce back when they hit this area (GS/GR) whether is a small bounce or big bounce.
Zone 3: Price definitely bounce back when they hits this area (VGS/VGR). 
If you are Malaysian and you like to watch the P.Ramlee movie, Nujum Pak Belalang, you will get to know the word: banyak-banyak, sikit-sikit, jarang-jarang and kadang-kadang.  So Zone 3 can be term like jarang-jarang & kadang-kadang or in english 'once in blue moon'. 

You have to be patient to caught the big bounce!. More explanation in the next post.

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