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Thread: Hot Spot ( buying and selling )

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    Hot Spot ( buying and selling )

    There are areas or zones, that present themselves on the charts which I like to refer to as ‘Hot Spots’, these hot spots are basically the areas/zones on the chart where a number of things will line up together to produce a high probability low risk place to take your trades from. The hot spot is either going to be buying hot spot long trades or a selling hot spot for short trades, depending on the chart situation at the time.



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    The hot spot for buying and selling here is very good and look promising to traders, I love it so much, but sir I would need more assistance in your next post to update us the moving average period we are using for proper use of the hot spot strategy and to have the best from it, thanks for sharing the strategy for the benefit of other traders in the forum.

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    This is one of the best way to trade the resistance and support levels of the market . The levels like this are been refer to as hot spot because the market always find some sharp movement for direction at those points in the market.Most time, many traders all over the world take special interest in those zones and they want to take their trades from such levels. That is why the spot are always very hot. It is as a result of sentiment from traders all over .

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    The hot spots buying and selling in the chart cannot get generalised because each and every one of us have different strategies, I might be trading the Ichimoku and where I will consider as the hot spots on the charts will be completely different from what someone else that is trading support and resistance might see as his own, these are the small things we cannot ignore.

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    Every hot spot is suppose to be a combination of so many trading factors and each of them must synchronize with one another to form a unit. It is the unity formed here that makes such zone a hot spot. For example, a point in which the trend line meet with the horizontal line, at either a resistance or support level and the candlestick seems to be supporting the position with some light indicator to confirm things.Hot spot is not just resistance or support levels alone.

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    Quote Originally Posted by Leonvic View Post
    The hot spots buying and selling in the chart cannot get generalised because each and every one of us have different strategies, I might be trading the Ichimoku and where I will consider as the hot spots on the charts will be completely different from what someone else that is trading support and resistance might see as his own, these are the small things we cannot ignore.
    We have to actually use our experience and determine the hot spots where it is good to open a trade or close it. We should utilize the strategy we have learned and try to understand the market conditions to find the right time to go for a trade. We should never try to trade until the market raches the hot spots or until a strong signal is given by one of our strategy.

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    It is very nice picture showing hot spots in trend market. Trend does not go in a straight line but it has general direction and corrections with local support resistance levels where we can open orders in general market directions and sell on highs and expect for a correction down. It is better to follow the trend as it will be easier to trade.

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  8. #437
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    When soldiers are on the battle field with the enemy, there are some places that are mapped out as "HOT SPOT", and in such spot, they do not put average soldiers there , but those who are strong and experience in fighting war, because a lot of experience is needed at such spot. It is the same thing with the forex market , in the market hot zones or spot, so many serious things are done there that determine so many things about the market movement.

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    We are always faced with the hot spots selling and buying every single day, but the times that this will be really obvious is when we have to experience news, there is so much attention given to specific pairs that makes you want to trade, the hot-spot zones cab change easily because suddenly there is higher movements that is occasioned by the announcement.

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  10. #439
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    the Hot spot maybe good for trading but it needs some experience by the trader to know how to use it properly for trading and making of money, the trader needs to read more about it and see how the traders trade with it and so they can be able to know how and when they can trade and make money without facing big risk in most cases.

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  11. #440
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    These hot spots are basically seems like the support and resistance levels of this market and use these levels this is really easy for us to determine the market trend. I like to use it because these hot spots are helpful for us to earn money from forex and use these buying and selling points traders can make easy profit on this business.

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