price trap
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.