Higher Probability Trade with Reduced Risk or No Trade
AbleTrend Guidance Chart is a powerful tool for risk control
Guidance Chart has been popular among the successful traders using AbleTrend. It combines two-time frames and two different AbleTrend algorithms into one chart and helps to avoid choppy markets and filter out false signals.
AbleTrend Guidance Chart provides two advantages:
Within one chart, the Guidance Chart helps traders to detect the markets hidden support and resistance with a longer time frame (avoid market noises with shorter time frames);
In the same time, it empowers traders to manage risk with the proper stops (compared to stops with longer time frames) and to get better entry prices. Here are two examples of recent charts.
The example above shows the effect of having 9-minute T2(support/resistance) signals overlaid onto a 3-minute chart of Emini NQ chart. The higher time frame guidance resistance level is plotted with red Xs, showing the major trend remained unbroken throughout the trade.
The example above shows the effect of having 15-minute T2(support/resistance) signals overlaid onto a 5-minute chart of EUR/USD. The higher time frame guidance resistance level is plotted with red Xs, showing the major trend remained unbroken throughout the trade.
The best way to learn a skill is by practicing it. Though guides and tutorials and a live one on one trading session we will help you prepare for actual trading on the live market which may tell you how your psychology will react to the experience. This insight is gained only through experience so give AbleTrend a try today.
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