Today we had a nice push down in the GBP pairs which set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the MA as opposed to the MA coming to price. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. GA is also my favorite pair.
Everybody in the training...
Trading Pullbacks with Keltner Channel
Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend.
As you already learned when the price hugs one of the two bands and crawls along the band, we have a...
One of the most common asked questions.
When price is creating higher high or when the resistance level is broken, what can I do? when and where should I enter?
The answer is very simple
Breakout (structure broken) > WAIT for pull back (to structure level) > BUY
As we can see from the chart on the left, when there's a breakout (structure broken / new high is...
As long as price stays above the 50 ema there is a bullish trend. Pull backs to the 50 ema are entry points. Tight SL under 50 ema. How would you make re-entry trades on this bullish trend for the BTCJPY. Leave a comment below about your trade idea.