Happy trading,
Lance Beggs
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Question: Hi Lance, In his text on support and resistance, Mike Reed talks about traders hoping the market will return to a level of support or resistance so they can break even in that trade. So are levels of support and resistance more to do with the behavior of traders than the actual value of the dollar, Thanks from Brian. Answer:
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I had no plans to continue this recent topic on use of the opening range to provide a quick and simple assessment of "bigger picture" session bias. But I had a few traders ask how it should be applied to the forex markets. You can see the two prior articles here, if you missed…
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