FXP Stock Trading

Multiple Time Compressions

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Most charting packages will not allow traders to view eight time compressions at once. If a multiple compression chart package is available to traders, as shown in Figure 10.4, it will give you the necessary overall quick view of Fib comparisons, as well as a

FIGURE 10.2 River Oscillator Indicator (ROI signal). Courtesy of Concorde Forex Group, Inc.

FIGURE 10.2 River Oscillator Indicator (ROI signal). Courtesy of Concorde Forex Group, Inc.

FIGURE 10.3 River channel (RC) signal. Courtesy of Concorde Forex Group, Inc.

FIGURE 10.4 Multiple time compressions. Courtesy of Concorde Forex Group.

FIGURE 10.4 Multiple time compressions. Courtesy of Concorde Forex Group.

quick confirming glance at ROIs, RCs, slow stochastic measurements, and other volume indicators.

Multiple time compressions also allow traders to view a possible Fib 1.27 reversal point when associated with extreme levels and trend-wall crashes when time is critical for an entry. A 1.27 is an all-time high or low, and when all time compressions have the same number for a high or low. When 1.27 tops or bottoms all match at the same time, we begin looking very quickly for other reasons to confirm a possible reversal entry in the market.