Jun 282013
 

This section would help traders to visualize current market price different behaviors while trading at important support or resistance levels. Market snapshot is updated on hourly basis. It is simply a print screen of instrument’s hourly chart.

How this is can be Useful for My Trades?

As old men said (A Picture is worth a Thousand Words). Despite the simplicity of this section, but it plays a very vital role in clarifying the full market actions and reactions for traders. So, traders will be able to see with their own eyes the price reversals, bounces, and/or breakouts for a given important price level.

As we mentioned on our “Important Price Levels” section (Support/Resistance point is not a place from where it will for sure bounce/reverse back, it’s only the higher probability that it will bounce/reverse back.). You need to wait for the bounce/reversal confirmation before jumping directly into the market. And this is can only be done by letting traders visualize market price reactions with given price level.

  One Response to “Market Snapshot”

  1.  

    I think it’s all about passion at the end if we have the passion and determination then everything has some learning and that’s what this screenshot shows. I never miss any chance to learn and I have a broker just like that as OctaFX that I trade with keeps giving me opportunity to participate on their Champion demo contest, it’s good for practice and learning while we can win enormous amount of money up to 300 USD for first prize and the overall budget is huge 1k.

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