Now for another example. This one was taken only 3 days ago.
It is a 20 minute chart of EUR/USD, one of the 4 majors. I pay a 3 pip spread on this one.
How much do you pay?
This trade is a splendid example of the reliability of the MACD/BB/KC 5 minute entry system.
The chart shows an evening star pattern so we are looking to trade
short and get the best entry on the 4th candle >>>
By
tymen1 at 2008-03-27
The chart shows an evening star located on the upper BB. The Bolinger bands are in royal blue.
The 4th candle
begins (vertical line) at 29 at the time of 5.20 am. (shown in pink).
The upper candle wick extends to 34 (it actually pipped 35) and we would like to have
that entry to go
short from. (shown in pink).
The long red arrow shows the direction of the trade going
short.
Lets go to the 5 min chart.
