Education

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

FX:EURUSD   Euro / U.S. Dollar
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2070
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.

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!
Should we always draw mirror level on D1 chart? If yes then which time frame is better to take entry for that?
@ASHADUZZAMANRANA, u can use different timeframes
best is W1 - D1 - H4