"The MFI is a measure of the market's willingness to move the price. I cannot overemphasize the value of this indicator. It is a more truthful measure of market action than any stochastic, RSI (Relative Strength Index) or other momentum indicator.".
An extensive directory of all the leading Forex brokers. You can use our filters on the left side to get the most relevant results in seconds. Learn To Trade Forex Like a SniperNot a Machine Gunner - A sniper in the military has an edge over his or her enemy; their edge is unwavering patience, mastery of their weapon, and the ability to remain consciously in control of their mind and. We can apply these same concepts to Forex.
What does efficiency means here? As price action traders we have a very effective trading edge that allows us great opportunity to trade the market with sniper-like precision, and the daily charts provide the best battleground for us to execute our edge. Several brown bars in a row can perfectly illustrate the period where fading excitement is slowly building the base for a new market move. Often this can be observed at the end of a trend. So let me set this straight for you guys right now: Through position sizing, you can trade the daily charts just fine on a small trading accountyou just have to trade a smaller position size. Patience, if there is one thing that a sniper in the military definitely IS, its patient. This trade setup was clearly with the existing up trend, it was well defined, and formed near two areas of support.