05.04.2013 Views

Study Guide for Come Into My Trading Room - Forex Factory

Study Guide for Come Into My Trading Room - Forex Factory

Study Guide for Come Into My Trading Room - Forex Factory

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

BASIC CHARTING<br />

Answer 19<br />

T H R E E<br />

C. 4 and 5. Give yourself four points <strong>for</strong> choosing this answer, or two<br />

points if you answered B (one correct out of two).<br />

Prices are not a mirror image of values and can swing considerably<br />

above and below value. Undecided traders who have the money and<br />

watch the market influence it by their presence, putting pressure on<br />

buyers and sellers to act faster.<br />

Answer 20<br />

1. C<br />

2. A<br />

3. B<br />

4. D<br />

Give yourself a point <strong>for</strong> each correct answer.<br />

Nonprofessional traders are more likely to <strong>for</strong>m their opinions in<br />

the evening and place orders be<strong>for</strong>e going to work in the morning.<br />

Professionals are more likely to dominate the market near closing time.<br />

The high tick of every bar shows the limit of bullish power and the lowest<br />

tick the limit of bearish power during that bar.<br />

97

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!