messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates. Regulatory News (RNS datafeed and UK data supplied by NBTrader and Digital Look. Share Price, datafeed and UK data supplied by NBTrader and Digital Look. London South East does not authorise or approve this content, and reserves the right to remove items at its discretion. All information is provided free of charge, 'as-is and you use it at your own risk. London South East does not authorise or approve this content, and reserves the right to remove items at its discretion). Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this. Well, what Ive just described is a really good example of multi-timeframe trading to get better trade entries. The high is the highest price that was reached during that time period. If there is an oversupply, price falls as there are more seller and less buyers.
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When you are watching the chart for trading setups, you need see and trade the obvious. Im not glamorizing price action trading here. So if price breaks the first trendline, it still has yet to head to the 2ndand the third etc So if you take a sell trade on the first trendline but price intersects it and you are stopped out with a loss and now price. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. Well, if there is an obvious pattern on the chart and you can see it clearly, then you should know that there are thousands la convergence forex of traders out there are watching the exact same thing as you are doingbecause its so obvious. The FSO Harmonic Scanner has a connection to an artificial neural network. They can also tell you if the bullish or bearish move is weakening. After what seemed like an eternity, the trade was closed by broker at the worst possible price way-way-way- down below! Cest très pratique pour se former à ce type doutil. Les frais sont raisonnables si vous évitez le paiement par carte bancaire (cette recommandation est valable partout). What I do I is for example, say Im watching a symmetrical triangle form in the 4hr charts and I know that soon a breakout will happen.