Testing the impatient - trendline break
I had an early short on the break of the 20 SMA. Then closed it ahead of FOMC and now I am waiting for a new opportunity on the break of the trendline (how to draw trendlines: youtube.com/watch?v=jfdhIGoCIHg&t)
Very technical behavior here and the sup/res levels are tested and retested nicely.
This is a common pattern you will learn to trade in our course - one of five. Patience, as always, is the key separator between the good and the bad trades. It can go either way but you have to know where your point of entry is before and how you want the chart to look like.Then you just wait and trade the plan.
Very technical behavior here and the sup/res levels are tested and retested nicely.
This is a common pattern you will learn to trade in our course - one of five. Patience, as always, is the key separator between the good and the bad trades. It can go either way but you have to know where your point of entry is before and how you want the chart to look like.Then you just wait and trade the plan.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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