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Tags: converter icon, custom webclip icons, 80's icons, gartoon icons, vendetta livejournal icons
TRADING-WASHING A life 21 I could recollect or tell — and so each trader. But concentration and discipline allow you to return to game again. You return that have lost — and even more.
I begin the working day at office, in two quarters from Grew dim, where is from half-dozen traders, and we meet before stock exchange opening to discuss, where, in our opinion, the market will go. We so with enthusiasm discuss schedules of the prices that for uninitiated it looks, as rambling speeches of the mad mathematician or the mystic-astrologist.
Schedules show price models or the levels of the market representing supports or resistance. Knowing, where these key price levels settle down, traders can develop strategy on a present day. For example, futures on S&P bargain around 1 050. But, looking back at the prices of the last trading days, you can clearly see that value 1 065 is level at which the market experienced difficulties with increase. There was as though a repeated check of this level, but price every time receded downwards. As the market moves on excess of level 1 050, the following purpose as it is possible to see, will be 1 065. If the growth impulse is again lost, the market will resolutely go on fall. But if futures on S&P break this level, the tendency will start to go on increase.
Technological levels of the prices operate as magnets, involving trading activity. This effect is observed substantially because both traders, and experts are guided by the same price levels. Though the technical analysis varies, certain key levels — such as the points which were earlier higher, lowest or intermediate, when the market changed a direction, — will be the general for the majority of systems. Thus, when the market comes nearer to key levels, you know that all looks will be chained to quotations to see that will occur further.
We study schedules and we discuss levels every morning, defining key points which are necessary for tracing during the auctions. "1 065. This level make or die", — one of traders speaks.
I nod in agreement, sitting at a wide table from a dark tree, under which glass three baseball cards with Joe DiMadzhio, Teda Williams's autographs and Mikki Mentla. "If the market
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