Showing posts with label forex. Show all posts
Showing posts with label forex. Show all posts

7 Figure Success Formula Review

7 Figure Success Formula Review-7 Figure Success Formula Review7 Figure Success Formula Review-7 Figure Success Formula Review



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The safeguards - The safeguards of forex trading

The safeguards - The safeguards of forex trading-The safeguards - The safeguards of forex tradingThe safeguards - The safeguards of forex trading-The safeguards - The safeguards of forex trading




To operate effectively in the trading environment, we need rules and boundaries to guide our behavior.
It is a simple fact of trading that the potential exists to do enormous damage to ourselves—damage that
can be way out of proportion to what we may think is possible. There are many kinds of trades in
which the risk of loss is unlimited.
To prevent the possibility of exposing ourselves to damage, we need to create an internal structure in
the form of specialized mental discipline and a perspective that guides our behavior so that we always
act in our own best interests. This structure has to exist within each of us, because unlike society, the
market doesn't provide it. The markets provide structure in the form of behavior patterns that indicate
when an opportunity to buy or sell exists. But that's where the structure ends—with a simple indication.
Otherwise, from each individual's perspective, there are no formalized rules to guide your behavior.
There aren't even any beginnings, middles, or endings as there are in virtually every other activity we
participate in.
This is an extremely important distinction with profound psychological implications. The market is like
a stream that is in constant motion. It doesn't start, stop, or wait. Even when the markets are closed,
prices are still in motion. There is no rule that the opening price on any day must be the same as the
closing price the day before. Nothing we do in society properly prepares us to function effectively in
such a "boundary-less" environment. Even gambling games have built-in structures that make them
much different from trading, and a lot less dangerous. For example, if we decide to play blackjack, the
first thing we have to do is decide how much we are going to wager or risk. This is a choice we are
forced to make by the rules of the game. If we don't make the choice, we don't get to play.
In trading, no one (except yourself) is going to force you to decide in advance what your risk is. In fact,
what we have is a limitless environment, where virtually anything can happen at any moment and only
the consistent winners define their risk in advance of putting on a trade. For everyone else, defining the
risk in advance would force you to confront the reality that each trade has a probable outcome, meaning
that it could be a loser. Consistent losers do almost anything to avoid accepting the reality that, no
matter how good a trade looks, it could lose. Without the presence of an external structure forcing the
typical trader to think otherwise, he is susceptible to any number of justifications, rationalizations, and
the kind of distorted logic that will allow him to get into a trade believing that it can't lose, which
makes determining the risk in advance irrelevant.
All gambling games have specified beginnings, middles, and endings, based on a sequence of events
that determine the outcome of the game. Once you decide you are going to participate, you can't change
your mind—you're in for the duration. That's not true of trading. In trading, prices are in constant
motion, nothing begins until you decide it should, it lasts as long as you want, and it doesn't end until
you want it to be over. Regardless of what you may have planned or wanted to do, any number of
psychological factors can come into play, causing you to become distracted, change your mind, become
scared or overconfident: in other words, causing you to behave in ways that are erratic and unintended.
Because gambling games have a formal ending, they force the participant to be an active loser. If you're
on a losing streak, you can't keep on losing without making a conscious decision to do so. The end of
each game causes the beginning of a new game, and you have to actively subject more of your assets to
further risk by reaching into your wallet or pushing some chips to the center of the table.
Trading has no formal ending. The market will not take you out of a trade. Unless you have the
appropriate mental structure to end a trade in a manner that is always in your best interest, you can
become a passive loser. This means that, once you're in a losing trade, you don't have to do anything to
keep on losing. You don't even have to watch. You can just ignore the situation, and the market will
take everything you own—and more.
One of the many contradictions of trading is that it offers a gift and a curse at the same time. The gift is
that, perhaps for the first time in our lives, we're in complete control of everything we do. The curse is
that there are no external rules or boundaries to guide or structure our behavior. The unlimited
characteristics of the trading environment require that we act with some degree of restraint and selfcontrol,
at least if we want to create some measure of consistent success. The structure we need to
guide our behavior has to originate in your mind, as a conscious act of free will. This is where the many
problems begin

The dangers of trading forex - trading forex

The dangers of trading forex - trading forex-The dangers of trading forex - trading forexThe dangers of trading forex - trading forex-The dangers of trading forex - trading forex



It is at the deepest level of our being that the potential for conflict exists.The social structure that we're
born into may or may not be sensitive to these inner-directed needs and interests. For example, you
may have been born into a family of extremely competitive athletes, but feel a passionate interest in
classical music or art. You may even have natural athletic ability, but no real interest in participating in
athletic events. Is there any potential for conflict here?
In a typical family, most members would put a great deal of pressure on you to follow in the footsteps
of your brothers, sisters, or parents. They do everything possible to teach you their ways and how to get
the most out of your athletic ability. They discourage you from seriously pursuing any other interests.
You go along with what they want, because you don't want to be ostracized, but at the same time, doing
what they want you to do just doesn't feel right, although everything you've learned and been taught
argues in favor of becoming an athlete. The problem is, it doesn't feel like who you are.
The conflicts that result from what we're taught about who we're supposed to be and the feeling that
resonates at the deepest levels of our being is not at all uncommon. I would say that many, if not most
people, grow up in a family and cultural environment that gives little, if any, objective, nonjudgmental
support to the unique ways in which we feel compelled to express ourselves. This lack of support is not
simply an absence of encouragement. It can be as deep as the outright denial of some particular way in
which we want to express ourselves. For example, let's look at a common situation: A toddler, who for
the first time in his life, notices "this thing," which we call a vase, on the coffee table. He is curious,
which means there's an inner force that's compelling him to experience this object. In a sense, it's as if
this force creates a vacuum in his mind that has to be filled with the object of his interest. So, he
focuses on the vase, and, with deliberate intent, crawls across the vast expanse of the living room floor
to the coffee table. When he gets there, he reaches up to the edge of the table to pull himself to his feet.
With one hand firmly on the table to maintain his balance, his other hand reaches out to touch this thing
he has never experienced. Just at that moment, he hears a scream from across the room, "NO! DON'T
TOUCH THAT!"
Startled, the child falls back on his butt, and begins to cry. Obviously, this is a very common
occurrence and one that is completely unavoidable. Children have absolutely no concept of how they
can injure themselves or how valuable something like a vase can be. In fact, learning what is safe and
what isn't and the value of things are important lessons the child must learn. However, there are some
extremely important psychological dynamics at work here that have a direct effect on our ability to
create the kind of discipline and focus necessary to trade effectively later in life.
What happens when we're denied the opportunity to express ourselves in the way we want to, or we're
forced to express ourselves in a way that doesn't correspond with the natural selection process?
The experience creates an upset. Being "up-set" implies an imbalance. But what exactly is out of
balance? For something to be out of balance, there has to be something that's in balance or in equal
proportion in the first place. That something is the relative degree of correspondence that exists
between our inner, mental environment and the exterior environment where we experience our lives. In
other words, our needs and desires are generated in our mental environment, and they are fulfilled in
the exterior environment . If these two environments are in correspondence with one another, we're in a
state of inner balance and we feel a sense of satisfaction or happiness. If these environments are not in
correspondence, we experience dissatisfaction, anger, and frustration, or what is commonly referred to
as emotional pain.
Now, why would not getting what we want or being denied the freedom to express ourselves in some
particular way cause us to experience emotional pain? My personal theory is that needs and desires
create mental vacuums. The universe in which we live has a natural tendency to not tolerate a vacuum
and moves to fill it, whenever one exists. (The philosopher Spinoza observed centuries ago that,
"Nature abhors a vacuum.")
Suck the air out of a bottle and your tongue and lips will stick to the mouth of the bottle, because you
have created an imbalance (a vacuum), which now must be filled. What are the dynamics behind the
expression "Necessity is the mother of all invention"? The recognition that a need creates a mental
vacuum that the universe will fill with inspiring thoughts (if your mind is receptive). The thoughts, in
turn, can inspire movement and expression that result in the fulfillment of that need.
In this respect, I think our mental environment works like the universe at large. Once we recognize a
need or desire, we move to fill the vacuum with an experience in the exterior environment. If we are
denied the opportunity to pursue the object of this need or desire, it literally feels as if we are not
whole, or that something is missing, which puts us into a state of imbalance or emotional pain. (Do our
minds also abhor a vacuum, once one has been created?) Take a toy away from a child who is not
finished playing with it (regardless of how good your reasons may be for doing so) and the universal
response will be emotional pain.
By the time we're 18 years old, we've been on Earth approximately 6,570 days. On average, how many
times per day does the typical child hear statements like:
"No, no, you can't do that."
"You can't do it that way. You have to do it this way."
"Not now; let me think about it."
"I'll let you know."
"It can't be done."
"What makes you think you can do it?"
"You have to do it. You have no choice."
These are just a few of the relatively nice ways in which all of us are denied individual expression as
we grow up. Even if we only heard such statements once or twice a day, that still adds up to several
thousand denials by the time we reach adulthood.
I call these lands of experiences "denied impulses" to learn— impulses that are based on an inner need,
originating from the deeper part of our identity, from the natural selection process.
What happens to all of these impulses that have been denied and left unfulfilled? Do they just go away?
They can, if they are reconciled in some way: if we do something, or someone else does something, to
put our mental environment back into balance. What can put our mental environment back into
balance? There are a number of techniques.
The most natural one, especially for a child, is simply to cry. Crying is a natural mechanism (nature's
way) for reconciling these denied, unfulfilled impulses. Scientific researchers have found tears to be
composed of negatively charged ions. If allowed to take its natural course, crying will expel the
negatively charged energy in our minds and bring us back to a state of balance, even though the
original impulse was never fulfilled.
The problem is that, most of the time, events are not allowed to take their natural course and the denied
impulses are never reconciled (at least, not while we're still children). There are many reasons why
adults don't like it when their children (especially boys) cry, and do everything they can to discourage
this behavior. There are just as many reasons why adults will not bother to explain to children why they
are being forced to do something they don't want to do. Even if adults do try, there are no assurances
that they will be effective enough to reconcile the imbalance. What happens if these impulses aren't
reconciled?
They accumulate and usually end up manifesting themselves in any number of addictive and
compulsive behavior patterns. A very loose rule of thumb is: Whatever we believe we were deprived of
as children can easily become addictions in adulthood. For example, many people are addicted to
attention. I am referring to people who will do most anything to draw attention to themselves. The most
common reason for this is that they believe they either didn't get enough attention when they were
young or didn't get it when it was important to them. In any case, the deprivation becomes unresolved
emotional energy that compels them to behave in ways that will satisfy the addiction. What's important
for us to understand about these unreconciled, denied impulses (that exist in all of us) is how they
affect our ability to stay focused and take a disciplined, consistent approach to our trading

foreign exchange markets

foreign exchange markets-foreign exchange markets-foreign exchange marketsforeign exchange markets-foreign exchange markets-foreign exchange markets




The foreign exchange market is the generic term for the worldwide institutions
that exist to exchange or trade currencies. Foreign exchange is often referred to as
“forex” or “FX.” The foreign exchange market is an over-the-counter (OTC) market,
which means that there is no central exchange and clearinghouse where orders are
matched. FX dealers and market makers around the world are linked to each other
around the clock via telephone, computer, and fax, creating one cohesive market.
Over the past few years, currencies have become one of the most popular
products to trade. No other market can claim a 57 percent surge in volume over a
three-year time frame. According to the Triennial Central Bank Survey of the foreign
exchange market conducted by the Bank for International Settlements and published
in September 2004, daily trading volume hit a record of $1.9 trillion, up from $1.2
trillion (or $1.4 trillion at constant exchange rates) in 2001. This is estimated to be
approximately 20 times larger than the daily trading volume of the New York Stock
Exchange and the Nasdaq combined. Although there are many reasons that can be
used to explain this surge in activity, one of the most interesting is that the timing of
the surge in volume coincides fairly well with the emergence of online currency
trading for the individual investor.

Thinking about trading forex-trading forex

Thinking about trading forex-trading forex-Thinking about trading forex-trading forexThinking about trading forex-trading forex-Thinking about trading forex-trading forex




The answers are all in the way you think about it. The irony is that trading can be as much fun and as
effortless as your experience of it has been on occasion; but experiencing these qualities consistently is
a function of your perspective, your beliefs, your attitudes, or your mindset.
Choose the term you are most comfortable with; they all refer to the same thing: Winning and
consistency are states of mind in the same way that happiness, having fun, and satisfaction are states of
mind. Your state of mind is a by-product of your beliefs and attitudes. You can try to create consistency
without having the appropriate beliefs and attitudes, but your results won't be any different than if you
tiy to be happy when you're not having fun. When you're not having fun, it can be very difficult to
change your perspective to one where you, all of a sudden, start enjoying yourself. Of course, the
circumstances of your situation could suddenly shift in a way that causes you to experience joy. But
then your state of mind would be the result of an external shift in conditions, not a result of an internal
shift in your attitude. If you depend on outside conditions and circumstances to make you happy (so
that you always are enjoying yourself), then it is extremely unlikely that you will experience happiness
on a consistent basis.
However, you can greatly increase the possibility of your being happy by developing fun-type attitudes
and, more specifically, by working on neutralizing the beliefs and attitudes that prevent you from
having fun or enjoying yourself. Creating consistent success as a trader works the same way. You can't
rely on the market to make you consistently successful, any more than you can rely on the outside
world to make you consistently happy. People who are truly happy don't have to do anything in order to
be happy.
They are happy people who do things. Traders who are consistently successful are consistent as a
natural expression of who they are. They don't have to try to be consistent; they are consistent. This
may seem like an abstract distinction, but it is vitally important that you understand the difference.
Being consistent is not something you can try to be, because the very act of trying will negate your
intent by mentally taking you out of the opportunity flow, making it less likely that you will win and
more likely you will lose. Your veiy best trades were easy and effortless. You didn't have to try to
make them easy; they were easy. There was no struggle. You saw exactly what you needed to see, and
you acted on what you saw. You were in the moment, a part of the opportunity flow. When you're in
the flow, you don't have to try, because everything you know about the market is available to you.
Nothing is being blocked or hidden from your awareness, and your actions seem effortless because
there's no struggle or resistance. On the other hand, having to try indicates that there is some degree of
resistance or struggle. Otherwise, you would just be doing it and not have to try to be doing it. It also
indicates that you're trying to get what you want from the market. While it seems natural to think this
way, it's a perspective fraught with difficulties.
The best traders stay in the flow because they don't try to get anything from the market; they simply
make themselves available so they can take advantage of whatever the market is offering at any given
moment. There's a huge difference between the two perspectives.
In Chapter 3, I briefly illustrated how our minds are wired to avoid both physical and emotional pain. If
you trade from the perspective of trying to get what you want or what you expect from the markets,
what happens when the market doesn't behave in a way that will fulfill your expectations? Your mental
defense mechanisms kick in to compensate for the difference between what you want and what you're
not getting, so that you don't experience any emotional pain.
Our minds are designed to automatically block threatening information or find a way to obscure that
information, in order to shield us from the emotional discomfort we naturally feel when we don't get
what we want. You won't realize it in the moment, but you will pick and choose information that is
consistent with what you expect, so that you can maintain a pain-free state of mind.
However, in the process of trying to maintain a pain-free state of mind, you also take yourself out of
the opportunity flow and enter the realm of the "could have," the "should have," the "would have," and
the "if only." Everything that you could have, should have, or would have recognized in the moment
appeared invisible, then all becomes painfully evident after the fact, after the opportunity is long gone.
To be consistent, you have to learn to think about trading in such a way that you're no longer
susceptible to conscious or subconscious mental processes that cause you to obscure, block, or pick and
choose information on the basis of what will make you happy, give you what you want, or avoid pain.
The threat of pain generates fear, and fear is the source of 95 percent of the errors you are likely to
make. Certainly, you can't be consistent or experience the flow if you're consistently making errors, and
you will make errors, as long as you're afraid that what you want or what you expect won't happen.
Furthermore, everything you attempt to do as a trader will be a struggle, and it will seem as if you are
struggling against the market or that the market is against you personally. But, the reality is that it's all
taking place inside your mind. The market doesn't perceive the information it makes available; you do.
If there's a struggle, it is you who are struggling against your own TV^^oT*n 11 T-acic^onoo /">r^TiTlir
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Now, you may be asking yourself, how can I think about trading in such a way that I'm no longer afraid
and, therefore, no longer susceptible to the mental processes that cause me to block, obscure, or pick
and choose information? The answer is: Learn to accept the risk

Bargain Hunting with Price Action


Bargain Hunting with Price Action-Bargain Hunting with Price ActionBargain Hunting with Price Action-Bargain Hunting with Price Action




Chapter 6 introduced you to bargain hunting along the edge of priceby using the daily high or low as an entry point within a trend definedby a moving average. This strategy works well when the high or lowentry zone is near the moving average, but it often breaks down as themarket begins to swing from one trend into another. In this chapter you willlearn a bargain-hunting method that takes advantage of short-term priceswings, regardless of trend. This methodology builds on what you alreadyknow about identifying bargain days and introduces an approach to tradingthem that is more responsive to the most recent price action.This chapter introduces you to an indicator called a Hull moving average.You’ll learn to use this indicator as a guide to identify bargain daysbased on price action. You’ll learn how to manage risk and identify profittargets using this strategy. Finally, we will walk through several exampletrades to solidify your understanding.I have taught this strategy to traders around the world and I still trade itmyself whenever I see a good bargain opportunity. If I had to pick, bargainhunting with price action and a Hull moving average is probably my favoritemethod to trade the spot currency market

trading forex - blog trading forex - blog trader forex


trading forex - blog trading forex - blog trader forex trading forex - blog trading forex - blog trader forex


Part I of this book offers a look at the “big picture” in foreign exchange (forex)trading, that is, what forces influence currency price movements. These forces areaccepted by economists around the world as responsible for changes in the valueof currencies. The person learning to trade forex or trying to improve his or her tradingwill benefit from a gain of knowledge of these fundamentals. In fact, as you will see,fundamental forces act as leading indicators of currency movement.U.S. and global interest rates, economic growth, and market sentiment toward thedollar are the key ingredients that shape trading opportunities. Part I provides basicknowledge on how these factors impact forex prices and how they can be used in selectingtrading opportunities.

The Fundamentalsof Forex
We begin in this chapter with an exploration of the forces that move the prices:the fundamentals. The reader will learn why fundamentals are important to foreignexchange (forex) traders as well as what kind of economic activity aremost important in affecting price movements. These include interest rates, interest ratedifferentials, economic growth, and sentiment regarding the U.S. dollar.WHY FUNDAMENTALS ARE IMPORTANTIn many ways, forex trading is similar to playing a game. You have an opponent (themarket). In game of chance the key feature is that everyone faces the same oddsand therefore the same level of information. In these games, no player can changethe odds.Playing forex, however, is not a game of odds. Participants in forex trading do notshare the same amount of information. In forex, this asymmetry of information results inadvantages and disadvantages to trades. Some players have more information than theothers. In forex, information about fundamental aspects of economies does not arrivesimultaneously to all participants. The real important question is what kind of knowledgeand information can improve trading performance. The search for an edge starts with afundamental understanding of the nature of the forex market. Having a foundation ofknowledge in fundamentals is a first step in evolving into a winning trader


Where Expertise Begins



Where Expertise Begins-Where Expertise Begins-Where Expertise BeginsWhere Expertise Begins-Where Expertise Begins-Where Expertise Begins
Il a été ramené de son équipe dans sa deuxième année de l'école secondaire. Tout
l'espoir d'obtenir une bourse d'études ont été rapidement recul.
La plupart des athlètes qui aspirent prendraient leurs morceaux, joindre à une ligue locale ou
équipe intra-muros, et de passer leur vie. Michael Jordan, cependant,
n'était pas comme la plupart des jeunes athlètes. Il a répondu à la coupe par la pratique
jour après jour. Quand il se sentait trop fatigué pour continuer, il s'efforça de se rappeler
sa coupe de l'équipe et a conduit lui-même plus difficile. Deux ans plus tard, il a été
McDonald's All-American et le MVP de jeu McDonald's. L'année
après cela, il a frappé le coup gagnant pour l'Université de Caroline du Nord
lors de la finale NCAA. Au moment de sa carrière NBA terminée, la Jordanie a fait une
étonnant de 25 coups gagnants, peut-être aucun aussi mémorable que le
cavalier, il cloué contre Utah le 14 Juin, 1998. Avec 5,2 secondes à gauche et
personne dans la maison de douter qui prendrait le dernier coup, il a scellé son
sixième championnat pour les Chicago Bulls.
Michael Jordan était une athlète d'élite, l'un des nombreux que nous allons rencontrer
dans ce livre. Pourtant, Michael Jordan n'a pas toujours été Michael Jordan. Son ascension
de l'école secondaire à rejeter étoiles collège a été spectaculaire, mais pas spectaculaires. Il
jamais en moyenne plus de 20 points par match durant sa carrière universitaire et
a été choisi troisième en 1984 le projet de NBA. Tous les signes indiquaient à la célébrité, mais pas
la célébrité. Néanmoins, Michael Jordan-long avec une petite poignée de
d'autres athlètes, se présente aujourd'hui comme un symbole dominant de la performance d'experts.
Ce qui rend d'experts interprètes cocher? Comment sont-ils différents de la moyenne
artistes interprètes ou exécutants? Est-ce le résultat de l'expertise naturelle, le talent inné, ou peut-elle être
cultivée? Et, plus important de tous, que pouvons-nous apprendre au sujet du commerce
expertise en étudiant la performance d'experts dans d'autres domaines? Dans ce livre, nous
trouverez des facteurs communs qui contribuent à la réussite des experts d'échecs,
athlètes olympiques, de classe mondiale artistes de la scène, et les commerçants de succès.
Un de ces facteurs est de trouver un créneau de performance: une activité spécifique qui
est le plus susceptible de tirer profit de vos talents et intérêts.Michael Jordan
avait un créneau en basket-ball, il n'en a pas trouvé dans le baseball. Dan Gable a commencé
sa carrière sportive comme un nageur sans éclat, plus tard pour découvrir son
propres talents de classe mondiale comme un lutteur et puis comme entraîneur de lutte. Découvrir
votre créneau commercial peut très bien faire la différence entre un hallof-
carrière de négociation renommée et un décevant que ne fait jamais assez
Premier temps. Malheureusement, la plupart des commerçants trébucher sur leurs marchés et le commerce
styles, de ne jamais découvrir leurs possibilités pourrait vraiment mentir


hull: moving average







hull: moving average-hull: moving average-hull: moving averagehull: moving average-hull: moving average-hull: moving average


Le Hull Moving Average résout le dilemme de la vieillesse de faire une moyenne mobile de mieux répondre aux tout prix maintenir l'activité actuelle finesse courbe. En fait, le HMA élimine presque totalement lag et parvient à améliorer le lissage en même temps.Pour comprendre comment il atteint ces deux résultats opposés en même temps nous devons commencer avec un cadre facile à comprendre de référence. Le tableau suivant contient une moyenne mobile simple 16 semaines qui accuse sans cesse l'activité de prix et a lissé pauvres.




Comment puis-je utiliser la moyenne mobile de HullJ'utilise le 5-EMA beaucoup dans mes échanges, que je trouve que cela donne une bonne idée de savoir si le prix est étendu à court terme. Prix ​​s'éloigne de lui, et revenir à elle, mais si l'EMA est une tendance et une bougie ne se ferme pas sur elle.