Why There Are So Few Trading Order In Technical Analysis? - Forex Forum

 
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> Why There Are So Few Trading Order In Technical Analysis?
Arnaud Jeulin
post Jun 16 2008, 10:35
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Why there are so few trading order in technical analysis?

Technical anaysis are often conclued by "We won't take a position".

Our strategy is based on trend following. I read the trend on hourly, 4 hours and daily charts. Position are taken during consolidation on hourly charts.

If the trend is not clear enough or if the volatility is too high or if I have a strong support/resistance then I don't take a position.
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