I am sending one candle teaching a week
here is this week a lone with my trend and trade calls
if you want to be on that list
email me at
[email protected]
cheers
tebhttp://cdn.forexfactory.com/images/s...m/big_grin.gif
Candle formation 5: Railway Tracks out of positions
When to take this trade (i.e. in a down trend, in a uptrend reverse everything here)
1. Look for big candles, out of the trend and out of position.
2. Take the trade one pip under the lower of the 2 candles. Here it is the 2nd. candle(red).
3. Only trade in the direction of the trend on chart. Here we are using 20 RSI, under 50.
...a MACD, CCI 20, STOCH 20 etc will all do as well.
4. Here is the secret, go one time trade frame up and see what the trend is on that time frame.
Check it on the RSI 20 (MACD etc) only trade if both time frames are inline.
ie. 5 min go to the 15 min chart.
Enter:
Two lots.
Stop Loss
1 pip + spread over the top of the higher of the 2 candles here it is 1st. Candle (green).
Target
1. 1st. Target (1st. lot) purple line.
2. You fine this target by measuring... Line A (light purple = Line B line green)
3. When you hit 1st. target move your stop loss down on the 2nd. Lot to break even +1+ spread and let it run. Let it swing out!
Best treading idea
Look for this candle formation in news times and the opening and closing of markets.
Note: This candle formation on a higher time frame will be a big pin (nose or tail) formation.
email me at
[email protected]
cheers
tebhttp://cdn.forexfactory.com/images/s...m/big_grin.gif
here is this week a lone with my trend and trade calls
if you want to be on that list
email me at
[email protected]
cheers
tebhttp://cdn.forexfactory.com/images/s...m/big_grin.gif
Candle formation 5: Railway Tracks out of positions
When to take this trade (i.e. in a down trend, in a uptrend reverse everything here)
1. Look for big candles, out of the trend and out of position.
2. Take the trade one pip under the lower of the 2 candles. Here it is the 2nd. candle(red).
3. Only trade in the direction of the trend on chart. Here we are using 20 RSI, under 50.
...a MACD, CCI 20, STOCH 20 etc will all do as well.
4. Here is the secret, go one time trade frame up and see what the trend is on that time frame.
Check it on the RSI 20 (MACD etc) only trade if both time frames are inline.
ie. 5 min go to the 15 min chart.
Enter:
Two lots.
Stop Loss
1 pip + spread over the top of the higher of the 2 candles here it is 1st. Candle (green).
Target
1. 1st. Target (1st. lot) purple line.
2. You fine this target by measuring... Line A (light purple = Line B line green)
3. When you hit 1st. target move your stop loss down on the 2nd. Lot to break even +1+ spread and let it run. Let it swing out!
Best treading idea
Look for this candle formation in news times and the opening and closing of markets.
Note: This candle formation on a higher time frame will be a big pin (nose or tail) formation.
email me at
[email protected]
cheers
tebhttp://cdn.forexfactory.com/images/s...m/big_grin.gif