Price Prediction systems These are systems which are ofttimes longer term systems, applied to session, day or longer periods. They regard deciding the overall edict of the currency pair over a longer time frame and then trading a simple “buy on dips” or “sell on rallies” approach, depending on the direction you have decided on. There are various tools to help the strategy trader, according to as horizontal lines, trend lines, Fibonacci retracement levels, moving averages and so on. These will help to a ) ascertain the direction of trade, b ) identify a logical auditorium point and c ) identify a logical exit point. These trades can then be programmed enthusiasm the dealing software and left to take care of themselves, allowing the trader spend his time doing other things. This form of trading requires more capability and experience, but this can be plugged in with time and practice. Essentially, price following systems generally cherish to be shorter title “scalping” type systems,...