Yuriy_Bishko
Education

Mirror levels, How it can save you years and thounthends of USD.

FX:EURUSD   Euro / U.S. Dollar
Today I want to share with 1 one type of key levels and also explain why it's so profitable for you to use it. This knowledge will save you years in trading and thousands of dollars.

For a start lat`s discuss some fundamental rules in trading:

1. We trade probabilities. It means it's impossible to say with 100% accuracy current signal will close with profit or not but it's possible to say that if we open 100 entries we will close 50% ... 60% or 70% entries in profit.

2. You don't need to hunt for 100% accuracy. That's one of the most common mistakes of freshers because if you will learn what is Risk / Reward you will understand how really you can make money in trading. You can be profitable even if you have 30% — 40% of profit deals if you take enough risk/reward.

Example of risk-reward. Just imagine that you have a risk per 1 position $100 and you always set potential profit (Risk/Reward (R/R)) 1 to 4 (in 4 times bigger) $400.
If you will get 3 losses and 1 positive entry you still will be in profit. Calculations: -$100 -$100 -$100 + $400 = +$100. It is only 25% accuracy.

3. You always need to use the same risk per 1 position only in that case your mathematical expectancy will work. I will write more about it in the future posts if this idea will get more than 100 like.

When we trade key levels we get:
- Accurate entries.
- Low predictable risk.
- Potential profit is in many times bigger than a risk.

Mirror level is: Support become Resistant or Resistance become Support.

How you can find a mirror level? Drow key level and wait when the price will break it. Below I will show you how I do it. Key levels better to build on:

- Trend change points
- Many daily candles bounced from one level.
It will be the most powerful levels which accumulate a lot of volumes.

Examples:

EUR/USD:
Gold:
SP 500:
OIL:
BTC/USD:

You can see that this system works on all markets.

P.S. It is only a first part about mirror levels. I will write more about: how it`s better to find levels on a chart, meanig of it and how big players accumulate volume using such type of key points if this post will reach 100 like.

P.P.S. Write in comments about what questions you have about Mirror levels.
Comment: New education idea:
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how do we determine if it's a trap or a continuation of the bias trend? Candlesticks?
thank you!
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Should we always draw mirror level on D1 chart? If yes then which time frame is better to take entry for that?
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Yuriy_Bishko ASHADUZZAMANRANA
@ASHADUZZAMANRANA, u can use different timeframes
best is W1 - D1 - H4
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we are really educating ourself by using your posts and I am really looking forward for your atr webinar recorded on youtube so we can see many times to get the idea quickly and slowly
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Your post has really enlightened me
Thank you
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Thank you so much
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Nice piece of art. Keep it up buddy.
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Yuriy this is invaluable, thank you for this!
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key levels
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