This is a kind of joke but very often the market makes some kind of strange things going somewhere and there it reverses and going in the exact opposite position. The market very often traps both the bulls and the bears.
So I compared the market...
The system can be used in range bound markets. Some think that range bound markets are easy and you just need your favorite oscilator to take the signal.
However on of the practical problems is the hypothetical support resistance...
It is not possible to see the orders with an indicator. That is because it is not in the price yet.
The orders are in the order book of the market maker they are not a part of the price yet but they become a part of the market (a subtile...
Why we should bother with order's book?
I think that there are two reasons.
1. The first reason is that Oanda is a big player and through its open orders book we have a statististical meaningfull order book for the all the retail market.
2....