forex 3 points
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If you trade the forex markets regularly, chances are that a lot of your trading is of the short-term variety; i. From my experience, there is one major flaw with this type of trading: h igh-speed computers and algorithms will spot these patterns faster than you ever will. When I initially started trading, my strategy was similar to that of many short-term traders. That is, analyze the technicals to decide on a long or short position or even no position in the absence of a clear trendand then wait for the all-important breakout, i. I can't tell you how many times I would open a position after a breakout, only for the price to move back in the opposite direction - with my stop loss closing me out of the trade. More often than not, the traders who make the money are those who are adept at anticipating such a breakout before it happens.

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Forex 3 points

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Falcon FX - Why Support \u0026 Resistance Is Holding You Back - Part 1!

Calculate pivot points in forex trading with derivative formulas for greater returns such as Resistance 3 = (Pivot Point – Support 2) + Resistance 2. A forex pivot point is a level based on the previous day's price action that indicates where a market is likely to turn. A forex entry point is the level or price at which a trader enters into a trade (buy/sell). Deciding on a forex entry point can be complex.