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Old 01-02-2006, 02:27 PM
newdigital newdigital is online now
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We know that experience traders are trading on breakout of the channel. So MaksiGen_Range_Move.mq4 will help us.

This indicator is showing the two support lines, two resistance lines and trend lines. All these lines are the dynamical S&R and Trend lines. And we may see the other two lines: buy stop and sell stop lines.

So it is very clear about the trading.

We have two very good threads:
- Trendlines and Divergence Strategies by Ykimyego; and
- How to use Support and Resistance Effectively

Personally I prefer to trade using H1 timeframe.
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Last edited by newdigital; 03-04-2008 at 07:40 AM.
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