Saturday, June 21, 2014

Trade What You See!

Scalping Entry Observation & Comment; Please take notice of the entries at the arrows once PA and dragon (34 ema high and 34 ema low) broke either up or down through the daily open line (white line) which will serve as support/resistance, some pips to be made there. Once you see the dragon heading either up or down after the daily line cross and above/below the 89 ema, you have a confirmation and pretty safe trade set up. You will also notice a small pullback to the dragon before the run in the right direction. Of course at that point the daily candle would turn either green or red so you would be trading with the bias/trend. For a safer entry, just wait until H1 an D1 candles (colors)are in agreement. I look for the next level or round number for a TP, but that is your choice and style. You can set your stops at the last low + spread if you choose. IMO, trading systems/methods are not "one system/size fits all". Each trader must decide based on their personality, time available to trade, pain threshold for draw downs and account size what is best for them. 
Stay GREEN My Friends!



Cigarguy


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Trader's Way (Hedging allowed for US Clients)

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"I Never Met A Man With Two Cigars That I Didn't LIke"

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