The Very first Thing You do is Apply The 200 ma (moving average).....this will give a picture of the price range you're going to be trading ....the 200 ma is the Equilibrium line (price will desire to move back to this point) in addition , 200 ma will also show the prevailing Trend...The Best Low Risk.... high profit Entry point will be when price is at an extreme point with the most potential to RETURN to the 200 ma ........the next thing to do is look at least 4 time frames...start with the weekly time frame... then drop down to Daily .... then down to 60 min.......then down to the 15 min..The safest low risk trade will be when price in all 4 time frames are pointing in the same direction..... (toward the 200 ma) ......Once all the Home work covered in this Chart School series is complete......you' ll make your entry on the extreme of lowest time frame....Neboxian
No comments:
Post a Comment