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Forex Dominant Angles, the secret leading indicator

 

Forex Dominant Angles, the secret leading indicator

 

Introduction: Forex Dominant Angles

After the previous Email we received many enquiries about the Dominant Angle Forex trading technique.

The Forex Dominant Angles  trading technique refers to the uncanny phenomenon where non horizontal support and resistance lines appear to repeat at the same angle on currency charts.

This can apply to upward and downward sloping non horizontal support and resistance lines.

This is a very advanced price action trading technique used by experienced support and resistance traders. It is often only taught on a one on one basis from one Forex trader to the next as it it very subjective.

The true value of Dominant Angle line happen when there is a confluence on Dominant Angle lines and:

  • Channel lines
  • Trend-lines
  • Horizontal support and resistance
  • Pivot lines
  • Fibonacci levels

When this happen SUPER support and resistance is created this allows great bounce entries.

If you are interested the following provides more information on dominant angle lines. Alternatively “Google Dominant Angle Forex”


Extracts from the Barry Thornton – Long Candle Forex Trading Course
7.5 Dominant angles
Now that we have covered non horizontal support and resistance levels and channels I am going to take it even further by saying certain angles on the downward and upward lines tend to repeat themselves over and over again (For years and years). This adds considerable weight to the use of a simple trendline. What if that trendline is also a channel line? What if that line is also a dominant angle line? All these factors add to the importance of a simple trendline.
The existence of these dominant angle lines is a major reason why I also find the use on non horizontal trendlines much more reliable and consistent compared with other trading methods.
You will also find that long candles tend to bounce off or break through these dominant angle lines. They make great bounce trade tools.
Chart 7.5 : The GBP likes trading in dominant angles
Dominant angles gbp
Finding these dominant angles is a case of trial and error starting with the daily chart of a currency. Start by drawing obvious support and resistance lines. As many as you can. After a while you will notice that many support and resistance lines are parallel to each other. This is the start of finding dominant angles.

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3 Comments

  • adalberto cordeiro

    April 29, 2015

    as I do so I can download it?

    Please send me

  • Eduar

    March 22, 2017

    How to have this indicator?

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