This is part 2 of the series, for part 1 go here. In the previous article we looked at how to use support and resistance levels to identify ranges and trending phases. In this part we’ll take a look at an indicator to help us solve this problem. Method Number 2 – Average Directional Index […]
Read Some MoreOne of the most common areas of confusion for forex traders is trying to determine which direction the trend will take. We have all heard the saying: “the trend is your friend till it ends”. This holds true in forex, as the institutional traders who control the majority of volume in the forex market will […]
Read Some MoreOne of the first pieces of advice given to novice traders is trade with the trend. The problem is most newcomers to forex can’t even tell where the trend is, so it is pointless to ask them to trade it. In this new series of articles we’ll look at 3 different ways to identify trending […]
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