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Friday, August 28, 2009

Forex Chart Pattern and Trend Line:

Tips: Most people will not consider side way pattern because the possibility to going up or ramping down is the highest. If you would like to trade in side way pattern situation. Here is your 5 sen.

Make sure you are using charts that are generated from the same data source that feeds the dealing engine, as is the case with both platforms mentioned above. That way, what you see is what you get when you buy or sell. Some charting packages do not ccurately reflect where price is at any given moment in time.

-Play a bounce off resistance

-Play a break off resistance 

-Play a bounce off support 

-Play a break off support 

-Wait for breakout. Don' t do anything.

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