Fractal Channel for TradeStation – Boost Your Profits with Real Time Support
and Resistance
There are essential concepts for TradeStation Traders to understand if they expect to be successful at
trading.
Read through this article for a clear understanding...
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Fractal Channel for TradeStation – Boost Your Profits with Real Time Support
and Resistance
There are essential concepts for TradeStation Traders to understand if they expect to be successful at
trading.
Read through this article for a clear understanding of the 3 vital aspects of trading; price action,
volume (time segmented volume), and real time support and resistance.
Of these three, price action is
the most critical.
Price and time are what creates price action in the form of bars or candlesticks on your trading charts.
Understanding price action is critical.
If you try to trade against price action, you will lose money.
Price
is always right, and it never takes your opinion into consideration.
Traders will all too often get
sidetracked into searching for some magic indicator, many of which have tremendous lag.
These typical
lagging indicators are too far removed from price action to be the basis for making trading decisions.
Traders that primarily use these lagging indic
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