Finding Forex Brokers That Don't Requote

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Benefits of Online Forex Trading
Below there is given an example of the slanted
channel behavior within M1-timeframe. (For view
the picture see notes in end of article) In
addition, there are plots that depict the slanted
channel behavior in M5 timeframe. Examining such
an example of a heavy "bear" trend (GBP/USD pair
movement), one can make the following
conclusions. The session trend can play the role
of the correction of a heavy "bull" trend in the
H1-timeframe. The session trend is going on until
the price is still remaining on the left of the
slanted channel, turned downward. Thus, in
practice, each trader who works with 3 screens
(according to A. Elder's technique) - or with
four screens (according to Masterforex-V trading
system) - gets the better of an individual who
opens just a single screen in his terminal. A
chart can be plotted in any timeframe - whether
it is M1, M5, H1, H4, D1, etc. - it does not
matter. The slanted channel technique is one of
the ways of comprehending the essence of the
trend development.
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For watching the charts, the quantity of 3 or 4
screens is optimal. So to say, in this way it
becomes easier to trace out the correlation
between trends examined in different timeframes.
For instance, a trader can prefer working with
H1-charts (see the figures submitted above). In
this case, an individual can detect the "bull"
trend correction tending downwards in H1-
timeframe charts presented. The second difference
between the approaches of "Forex classicists" and
Masterforex-V Trading System to the slanted
channel technique consists in the fact that the
slanted channels do indicate different important
levels.Classicists of Forex" (D. Murphy, T.
DeMark, D. Swagger, E. Neiman, etc.) pay
attention just to the trend levels.
3
According to Masterforex-V Trading System, a
trend, its correction and a flat must be taken
into account. In a way, "classicists of Forex"
make a kind of mistake. That is, they use the
slanted channels technique just when they deal
with a trend. This point issues (originates) from
the problems unsolved before. The trader must
learn to watch the correlation between various
timeframes. According to Masterforex-V Trading
System, there exist at least four kinds of the
trend Thus, one can see that special slanted
channels are inherent in the intersession trend
(M 1-15). In the timeframe of a longer trend
(e.g., such as H 1-4), these slanted channels
just play the role either of the trend correction
or a flat. Let us dwell on the value of this
circumstance for the trade at Forex.
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The trader must trace out when the correction
(recoil) will come to the end in the H (1-4)
charts. After this a new wave of the trend starts
within the H 1-4 chart timeframe. In fact, this
happens when there occurs the true breaking
through the slanted channel correction H1-4 chart
- it is equal to (the equivalent of) the trend
slanted channel within M 5-30 chart timeframe.
Taking this circumstance into account, the reader
can see Forex Trendsetter Review the problem of
slanted channels in its essence. This problem is
formulated by E. Neiman in the following way.
This author emphasizes that the direction of the
real trend and the direction prognosticated
analytically don't coincide. This contradiction
becomes especially important under the condition
of the trade reversal. The trend reversal in a
small timeframe makes the start of the chart
correction in a larger-scale timeframe at
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