Peaks And Troughs Ebook.
Peaks And Troughs by Martin J. Pring ebook shows a very clear picture for successful trading, in general, the simplest techniques work the best. High up in this category, and perhaps the most underrated, is the concept of peak and trough analysis, a technique first brought to our attention as a tenet of Dow theory.
While the theory itself has lost much of its luster in recent years, the peak and trough part of it has not. It is arguably the most important building block of technical analysis.
“Valid peaks and troughs are created when the price moves to a new high or low for the move, or when a reaction to the then-prevailing trend retraces approximately one-third to two-thirds of the previous move”
Profxindicators recommendation is using indicators and EAs with knowledge and experience, then nobody can reverse you. Our main goal is to create expert forex traders and Expert forex traders use their own knowledge, experience with other indicators and resources.
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- LINES OR CONSOLIDATIONS
- WHAT’S A LEGITIMATE PEAK AND TROUGH?
- THE SIGNIFICANCE OF PEAKS AND TROUGHS
The books consist of popular and highly profitable trading methodologies used by my most advanced forex traders. You can study them, test them on a demo account first then you can try on a real account.
#credits : by Martin J. Pring