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Wednesday, September 29, 2010

Trading with Confluence

The concept of trading with confluence is something that is very interesting to me and that I learned from my mentor Nial Fuller. The idea of trading with confluence revolves around waiting for price action to form a strong signal near an important support or resistance level, moving average, retracement level, or other "confirming" indicator, although Nial Fuller does not recommend trading with "lagging indicators" except a few moving averages which he discusses in detail in his forex trading course.

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