TRENDING STRATEGY WALK-THROUGH 1/2
1.) We have a confirmed BULLISH MARKET-CONDITION. (As confirmed on WEEKLY using 3-5period PPMA's[pivot point moving averages])
1.1)This BULLISH MARKET-CONDITION restricts us to LONG POSITIONS. We can enter these LONG POSITIONS through either BREAKOUTS or PULLBACKS. This particular series of posts will be assuming a BULLISH MARKET-CONDITION, and so will deal only with BREAKOUTS (as PULL-BACKS are counter-trend and feel above my pay-grade at this point).
2.)TRENDLINE STUDY connecting relevant swing highs and lows will be used to mark-out weak SUPPORT/RESISTANCE lines that will both help us monitor the chart for CONDITIONAL CHANGES, as well as serve as one of our ENTRY TRIGGERS (ONCE PRICE ACTION BREAKS THROUGH.)
PART 2/2: TRENDING STRATEGY WALK-THROUGH 2/2 --> Check for further instruction
1.1)This BULLISH MARKET-CONDITION restricts us to LONG POSITIONS. We can enter these LONG POSITIONS through either BREAKOUTS or PULLBACKS. This particular series of posts will be assuming a BULLISH MARKET-CONDITION, and so will deal only with BREAKOUTS (as PULL-BACKS are counter-trend and feel above my pay-grade at this point).
2.)TRENDLINE STUDY connecting relevant swing highs and lows will be used to mark-out weak SUPPORT/RESISTANCE lines that will both help us monitor the chart for CONDITIONAL CHANGES, as well as serve as one of our ENTRY TRIGGERS (ONCE PRICE ACTION BREAKS THROUGH.)
PART 2/2: TRENDING STRATEGY WALK-THROUGH 2/2 --> Check for further instruction
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