
10-15-2006, 06:06 AM
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Senior Member
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Join Date: Sep 2006
Location: Atlanta, Ga
Posts: 165
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Quote:
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Originally Posted by Shahzadfx
Thanks for your question, and I am happy that you are practicing.
It is one of the tools which add in your analysis to find out strong s/r level and direction of the pair. Trend lines and the channels are good when we have trending market. The break of strong trending market, I mean, its channel and trend line must be based on strong movement and speed with good strong economic reason. As far as technical is concern not only the trend line should be broken solidly but also the range of the given time period should be broken or in other words the undecided area of the market should also be broken.
Rgds,
SFX
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How does your system work? After reading this tread I'm very interested.
Thanks,
Fx Diva
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