Brexit And Price Rejector
Hi all. I haven’t been posting much to the blog lately as I have been making almost daily videos and posting them to my YouTube channel. If you haven’t already subscribed to my YouTube channel you should. You will be alerted to any new videos I post. I don’t want to sound lazy but I find it easier to make a video than write a long blog post…
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Last week a rare week in that you had Janet Yellen speaking on Tuesday and Wednesday. Then the Brexit vote on late Thursday and all day Friday. I didn’t expect the PM to resign. The markets took a severe beating, but realistically you should have been prepared for a volatile day coming in. It is not like this vote was unexpected although the result was.
I made a video highlighting how the price rejected performed last week, warts and all. I show the whole week on different chart time frames as well as different markets so you can judge for yourself if it is useful to your trading or not. If you are trading on a DOM or a 10 second chart its probably not recommended for you, but if you have realistic trading time frames then this indicator can be a great compliment to your trading.