Count back line forex trading. Several readers have asked for guidance on the application of the count back line (CBL). For traders who user the Guppy Traders Essential charting pack or tool packs with Metastock, or Ezy Charts, the construction details are unnecessary. These programs have a count back line tool which automatically calculates the.

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Introduction Video - Count back line forex trading

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  • The applications of the count back line are discussed more fully in TREND TRADING. APPLICATION. Used to set a stop loss point based on the current volatility of the stock. Used to verify and manage continuation of a trend. This can be applied to up trends for long side trading, or to down trends for short side trading.

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