FOREX THEORY

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Fade the Breakout (Part 3)

Retail traders like to trade breakouts.

The smart minority, the institutional, more seasoned traders, prefer to fade breakouts.

The smarter forex traders take advantage of the collective thinking of the crowd or inexperienced traders and win at their expense. That is why trading alongside the more experienced forex traders could be very profitable as well.

Which would you rather be part of: the smart minority that fades breakouts or the losing majority that gets caught in false breakouts?

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"The energy of the mind is the essence of life."

By Aristotle.

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This is a real time 100% MONEY BACK GUARANTEE SYSTEM for Serious Traders who want to generate consistent profits with the guidance of strategies and  signals given by Dr.Hari & Dr.Vani through SMS. SSL FXGURU started its services and published its website, blogs and social media pages and groups with only ONE AIM for ALL  and that is:

SSL FXGURU will create 1 Million Millionaires Around The World by 2020 by trading FOREX and each Millionaire will donate 10% of the Profits to Charity.

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"I can’t change the direction of the wind, but I can adjust my sails to always reach my destination."

By Jimmy Dean.

FOREX THEORY

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Fade the Breakout (Part 2)

If a support level is broken, that means that the general price movement is downwards and people are more likely to sell than buy.

Conversely, if a resistance level is broken, then the crowd believes that price is more likely to rally even higher and will tend to buy rather than sell.

Independent retail forex traders have greedy mentalities. They believe in trading in the direction of the breakout. They believe in huge gains on huge moves. Catch the big fish, forget the small fries.

In a perfect world, this would be true. But the world is not perfect. Frogs and princesses do not live happily ever after. What does in fact happen is that most breakouts FAIL.

Breakouts fail simply because the smart minority has to make money off the majority. Don’t feel so bad. The smart minority tends to be comprised of the big players with huge accounts and buy/sell orders.

In order to sell something, there must be a buyer. However, if everyone wants to buy above a resistance level or sell below a support level, the market maker has to take the other side of the equation. And let us warn you: the market maker ain’t no fool.

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"Nothing is impossible, the word itself says ‘I’m possible’."

By Audrey Hepburn.

MR.AZLI TALKS ABOUT SSL FXGURU

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"Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible."

By Francis of Assisi.

FOREX THEORY

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Fade the Breakout

Fade the breakout you say? Was that just a typo? Did you mean to say, “trade the breakout”?

Nope!

Fading breakouts simply means trading in the opposite direction of the breakout.

Fading breakouts = trading false breakouts.

You would fade a breakout if you believe that a breakout from a support or resistance level is false and unable to keep moving in the same direction.

In cases in which the support or resistance level broken is significant, fading breakouts may prove to be smarter than trading the breakout.

Keep in mind that fading breakouts is a great short-term strategy. Breakouts tend to fail at the first few attempts but may succeed eventually.

REPEAT: Fading breakouts is a great short-term strategy. It is NOT a great one to use for longer term traders.

By learning trade false breakouts, also known as fakeouts, you can avoid getting whipsawed.

Trading breakouts appeal to many forex traders. Why?

Support and resistance levels are supposed to be price floors and ceilings. If these levels are broken, one would expect for price to continue in the same direction as the breakage.

QUOTE OF THE DAY

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"Hope is a waking dream."

By Aristotle.

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FOREX THEORY

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Resistance Levels

Resistance levels are just like support levels but work in the opposite way. They tend to halt or even reverse uptrends.

Resistance levels are areas in which selling pressure is just enough to overcome buying pressure and force price back down.

Strong resistance levels are more like to hold up even if price breaks the resistance level and it provides traders a good selling opportunity.

In the next section, we will dive deeper into fakeouts and discuss why we should trade them and how to profit off them.

It’s not enough learning about breakout strategies because there will be times that breakouts fail. We have to know what to do in case of fakeouts.

This is part of your Jedi forex training. To be a Jedi master, you must be able to master fakeouts.

Are you up for it?

QUOTE OF THE DAY

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"The roots of education are bitter, but the fruit is sweet."

By Aristotle.

"YOUR WEALTH IS OUR HEALTH"

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WHO ARE WE?

Welcome to SSL FXGURU. Our mission is to provide the highest quality Forex services for traders. 

We pride ourselves with excellence in Forex education and as providers of Forex signals and mobile 

alerts. We will help you to make your money but you must promise to do 3 things:

Trade only with our signal following our money management and risk management techniques.

Send in your monthly statement to us to help you monitor your account to avoid over trading and margin call.

Donate 10% of your profit with every withdrawal you make and mail us your receipts as we will help you make at least USD300,000.00 in 10 years.

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"It is the mark of an educated mind to be able to entertain a thought without accepting it."

By Aristotle.

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Support and Resistance Levels Are Tricky

One thing you should remember to note about support and resistance levels is that they are areas in which a predictable price response can be expected

Support Levels

Support levels are areas where buying pressure is just enough to overcome selling pressure and halt or reverse a downtrend.

A strong support level is more likely to hold up even if price breaks the support level and it provides traders a good buying opportunity.

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"Some of your greatest blessings come with patience."

By Warren Wiersbe.

ABOUT SSL FXGURU?

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QUOTE OF THE DAY

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"Do not let the negative thoughts in your head get on you. Just breathe, smile and let it go."

By Unknown Author.

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How to Detect Fakeouts (Part 2)

Wait for it… Just a few more moments… To see price inch one direction… Then suddenly move miles in the opposite direction!

Huh?!? What the heck?! What happened to “the bread and butter and the end of world hunger” strategy?

End of story: You are left eating ketchup packets and crackers like Tom Hanks in The Terminal.

QUOTE OF THE DAY

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"Success is not final, failure is not fatal; it is the courage to continue that counts."

By Unknown Author.