reading

Geza Varkuti

THE KEY OF FOREX

L E T’S M A K E M O N E Y

THINK DIFFERENT^®

A Revolutionary new Theory

DEDICATED FOR LUDA

She is the sunshine in my life,
even in the Night

Verlag: epubli GmbH, Berlin, www.epubli.de 
ISBN 978-3-7375-9160-7

TOC

TOC 3

Introduction 4

Why is the approach used till now wrong? 5

Determination of key levels 8

The Fibonacci law 16

Fibonacci in Forex 20

The key levels and the Fibonacci 25

Concrete example 31

The author 35

Terms 36

High risk warning 37

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Introduction

I have been analyzing the market every day for 25 years now. Obviously, like every thinking human, I was also excited to unravel the great mystery. How Forex works, what kind of laws you can discover that are universal. We have all read millions of books about basics, trends, resistances, indicators, and so on. But after learning that nothing works with 100% accuracy all the time, I found myself looking for the roots, thinking that if I was able to discover the operating mechanism I could significantly improve my trading results.

Like Elliot, I was also interested in the internal anatomy of the movements of the market. After all, what is our activity about? We are trying to forecast what will happen in the near future. If you know how the price moves within a trend, then you can "foresee" the future in a more reliable way on this basis. In this the Fibonacci law provided great help. These levels work with a high success rate, but of course, it is crucial where you drag up the device. We learn where to drag the trend lines, resistance/support levels, but I found that we put them in the wrong place. That is, neither dragging them to the top or bottom of the spikes, nor to the candle closures, give good results.

Both approaches are wrong! But where are the real key levels, then?

Well, I believe I have found the key. But where are the real key levels? Since then, my success rate is above 75%. I think this point of view radically changes what has been learned about Forex so far.

With some practice, this new way is available to everyone and can be learned by anyone. But whatever strategy you follow, if you know where the key levels are, your results will grow explosively.

Its particular advantage is that you can trade with pending orders, so it is enough to control the position once a day and place possible new pending orders. Thus, this can also have applied even by those who cannot be at their computer during the day

Why is the approach used till now wrong?

If I think Forex trading is all about trying to guess what the price will do – which way it will go (direction), if it is already moving, then approximately how far it will go (target price) – when can I be sure that my forecast will not be confirmed (stop level)?