Line chart trading forex

line chart trading forex

the following example, the filled color is black. Trading is about pattern recognition, after all, and patterns are the easiest to see on line charts. Firstly, the head and shoulders formations are much easier to spot.

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Even though price action may seem difficult to follow and price patterns hard to spot and interpret on a candlestick or similar chart, on a simple line chart such things as price patterns and price direction simply jump off the screen. It becomes very hard to interpret them with ease when trading the Foreign exchange market thus making them not very popular. All candlesticks fanatics always preach to wait for the close of the bar, so why not only look at the close of the bar? The trader may choose to use hourly, daily or even minute time-frames. Here is an bitcoins into real cash example of a candlestick chart for EUR/USD. A color television is much better than a black and white television, so why not splash some color on those candlestick charts? It seems there has been a cult around these ever since Steve Nison, or whoever claims to have brought them to the West first, introduced them. It was time to weed out.

Unfortunately, this is not a chart at a bar.
A bar chart is a little more complex.
Candlestick charts show the same price.
Line chart is the easiest chart at, forex.

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