Allthe G.’s Reviews of DayTradeIdeas & more

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Currency Trading

4/24/16

There won't be any clear direction on any of his analysis. Mostly he throws levels on both upside and down side. For all the market. So funny... one way or another it has to hit at least one level while the market moves up or down... And then the next day report will say... We bottomed exactly here... Or we topped exactly here... It took me couple of years to figure out... That I am missing something. Which is to do my own analysis.

He is more of a good marketing guy than market analysts..

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Jason S. – DayTradeIdeas Rep Over a year old

Thank you for taking the time to write your review. The most successful traders in the world would admit they have no idea where the markets will go hour to hour or even every day. What successful short term day traders do is identify important levels in the market where they can enter low risk trades.

What they do not do is try to guess the direction of every move the market will make & jump in & out of the market hour to hour in the hope they get it right. This strategy is guaranteed to lose money.

We provide important support & resistance levels where we believe the market will pause & possibly reverse. When these levels are broken I provide the next target where I think price will head towards. This is a time proven strategy that works in the longer term.

A support level is a price level where the market tends to find support as it is going down. This means the price could very well "bounce" off this level rather than break through it and is more likely to do so the first time it it tested. However, once the price has passed below this level, perhaps on the second or third test it is likely to continue dropping until it finds another support level.

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. Experienced traders tend to wait to sell at resistance & buy at support as this gives them the best trading edge. It allows the best risk vs reward ratio. In other words, it minimises risk. This is key to short term trading, not guessing which direction the market is about to move.

If price is moving between support and resistance levels, traders buy at support and sell out for a profit as the price approaches at resistance. They also sell short at resistance and cover the short (buy back for profit taking) as the price approaches support.

We specialise in providing accurate support & resistance for this exact purpose.

We write the reports so that traders with all levels of experience can understand. We give specific entry, targets & stop loss at different levels throughout the day so all the work is done for you. This is why our main clients Deutsche Bank, Morgan Stanley, RBS, Merrill Lynch etc have been with us for over 7 years. Our levels must be consistently accurate day after day or they simply would not pay us.