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Support and Resistance is the Easiest Strategy in Forex Trading
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[QUOTE="Carson20t, post: 339683, member: 26029"] Thank you for sharing, does that mean that you can still be a profitable trader by using that simple strategy without littering your charts with so many indicators which can even make you more confused? I am also an advocate of keeping it simple. Having a pure price action or naked chart gives one more advantage. I have been working on a profitable strategy where you just get to mark the highest and the lowest points on the charts for the pair that you have chosen. Get to analyse the market and determine the direction of your trend, make the analysis and pick the entry point, stop loss and take profits beautifully just like that. Only backtest when necessary but generally only concentrate on the highest and lowest points on one trend. Without all the complicated Bollinger bands and Fibonacci indicators etc. We really should not be making forex trading very complicated. we just need to keep it simple just like that. [/QUOTE]
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Support and Resistance is the Easiest Strategy in Forex Trading
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