![]() ![]() But at the end of the day, price is the final arbiter. There are some traders that will have four or more monitors with charts this busy on each monitor. When you see this sort of setup, you hope at some point the trader will release themselves from this burden of proof.Įvery trader has their own style, for sure. Here’s an example of some traders’ charts that look something like the picture below. In other words, they may not understand price action. When you see a chart with too many indicators and trend lines, it is likely a trader trying to overcompensate for lack of certainty. ![]() When looking at some traders’ charts, it can be difficult to determine if you are looking at a stock chart or hieroglyphics. How to Protect Against the Head Fakes (False Setups).#5 – Measuring Length of Intraday Swings.#1 – Outside Bar at Support or Resistance.
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