Map of Erldunda on It is a simple method, which does not use the Level 2 techniques discussed throughout this book and is a good place for traders to start before moving on to those advanced methods. Advanced methods will be discussed later in this book. The normal action I would expect from a dumper at the open is a sell down from the open price. I watch the rhythm of the Bid and Ask change and ignore the trades at first: 1.
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The first indicator of the first bottom on my trade is a pause in the rhythm of the down-ticking Bid and Ask. This can be seen on your Level 1 screen. 2.
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