wait for a break of resistance (Ceiling) wait for a RETEST (where price closes above the previous level of resistance) Once price confirms resistance as a new support (floor), it is safe to enter.
Price doing this is a shift of momentum
wait for a break of support (floor) wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
Price doing this is a Continuation of an DOWNtrend.
[Rules
0.01 £100 0.02 £200 0.03 £300 0.04 -£400 etc
0.10 per £1000
Twin Trade:
10 - 15 pips in profit = Set 2 pip stop profit
1st Order= 30 pip take profit 2nd Order trail stop profit
20-30 pip stop loss no matter what (Risking 2-3% of your account)
Example of Twin Trading : £1000 in your account 0.05 + 0.05= 0.10