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|Trading Forex With Simple Mathematics by SolidGains: 1:55pm On Jul 13|
The secret of this world lies with those who are mathematically inclined.
To him, everything is possible, whose mind is mathematically inclined.
Everything in this world is affected by the laws of Mathematics, Forex trading is not an exemption.
Just like the traders of old and some still actively trading...Michael Jenkins etc,I found out that by applying simple rules of Mathematics, supports and resistance levels can be easily predetermined, a mathematically inclined trader can take a peep into the future of price.
Consider the followings:
SQUARE ROOTS & INCREMENT and DECREMENT
1. Support and Resistance are usually found at the price, plus or minus its square root, or its square root-square root, or ts square root incremented or decremented by 0.125 multiples:
At price 100, SqRt = 10,
support = Price- SqRt(100-10)= 90
Resistance = Price + SqRt(100+10)= 110
more are to come later
|Re: Trading Forex With Simple Mathematics by qwertyboss(m): 2:15pm On Jul 13|
SolidGains:Did you mean :
Support = price - SQRT(price)
Or support = SQRT[price - sqrt(price)]
Clarity is the key in mathematics
|Re: Trading Forex With Simple Mathematics by mikezuruki: 2:25pm On Jul 13|
SolidGains:I’d like to see more of this
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