Find a momentum and draw a trendline. Spot what timeframe price has been respecting the EMA. ( I personally go for the 50 day EMA) Watch for a breakout then wait for the retest of the trendline. 1st entry @ retest of trendline. Stop loss goes above the previous high before the breakout. Please note that price will also have to be below the EMA its been...
Price closed above trend line. Price retested level with a price action signal (engulfing candlestick). Enter at the retest of trendline. Take Profit At A Previous Swing High.
Hello All, This video was made to show how to use Trend Lines Pro indicator and options in it are explained. If you have questions please drop a comment under the video. Thank you for watching it! Enjoy!
It's all about context, and a lot of it is luck. When did you see the chart first? How you see it when you open it can do a lot to effect your long vs short bias. If you happened to be looking at the chart after the extra stuff was formed, but before the eventual break, you probably have no problem getting long by chopping off the tops. If you were looking at...