Harmonics indicates a long position... Price trapped
Rules:
.01 - 100 GBP
.02 - 200 GBP
.03 - 300 GBP
.04 - 400 GBP
.........
.10 - 1000 GBP
TWIN TRADE:
10 - 15 pips in profit = Set 2 pip stop profit
1st Order = 30 pip take profit
2nd Order = trail stop profit
30 pip stop loss no matter what.
Example of Twin Trading:
1000 GBP in account =
.05 + .05 = .10
LONG
1. Wait for a break of support (floor)
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
SHORT
1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.
.01 - 100 GBP
.02 - 200 GBP
.03 - 300 GBP
.04 - 400 GBP
.........
.10 - 1000 GBP
TWIN TRADE:
10 - 15 pips in profit = Set 2 pip stop profit
1st Order = 30 pip take profit
2nd Order = trail stop profit
30 pip stop loss no matter what.
Example of Twin Trading:
1000 GBP in account =
.05 + .05 = .10
LONG
1. Wait for a break of support (floor)
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
SHORT
1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.
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