FOREX TRADING DOMINANT ANGLES: The latest Forex Trading Phenomenon

March 3rd, 2008 expert

Trading Currency Dominant angles is rocketing through the forex trading community as the latest high probability forex trading technique since Fibonacci. In fact some key dominant angles are sometime viewed as Fibonacci angles or Gann square lines. This refined technique has previously been used by only a handful of Banks but is now becoming known to the individual Forex Trader

Currency traders have always realized that in the Forex trading market currencies have specific bear channels (angles) that currency prices follow and certain bull channels (angles) that they follow. Using this trading strategy one can quickly bring order into what seems a random moving market. It also dispels the Chaos theory.

Below are a few currency trading charts that show this concept in action. It also challenges the trading concept that most support and resistance levels are horizontal. The forex trading charts clearly show that there is a very strong support and resistance relationship using dominant angles than the traditional horizontal support and resistance areas determined by Fibonacci ratios and pivot points.

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These dominant angles are great for determining bounce and breakout points at the start of a new currency price trend. It is used very well with the candle spike and long candle trading approach.

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