(This is a mini-series of Forex Trading
tips and tricks by Eric Lye in his Forex Trading Blog. Our
objective is to help traders learn how to trade Forex properly, be
educated and excel in their career)
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Monday, August 30, 2010
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2 comments:
Price trend changes so fast for intraday trading that it's best to confirm a trade direction with a higher timeframe before entering a trade... Good article there.
But if I were trying to short a bear flag, I would do so after it closes below the lower channel of the flag. That's a later entry than from top of the channel, but hey I MADE SURE that it is really coming down before entering.
Great work. I didn't know price would get stall if it forms a bear pennant. Looks like a top down analysis is universal regardless of any system.
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