i would buy 1 lot and sell 1/3
it took the downward channel
zrrsys good for you, this is not a pair I trade very often
but I see the chart a tad different, not saying anything wrong with yours, just sharing.
What I look for are the little consolidation periods and wait for a breakout. Typically there is an high Apex candle or a three bar reversal providing a signal.
And the CCI momentum oscillator would be in agreement.
The opposite if the PA is breaking out the other way.
thanx midwest i was wrong the first time and got in late
my strategy is mostly based on trend lines that I get by connecting the point where the graph traversed the support and resistance lines that generate with my program that i developed
when the trend line is broken i get out or enter then i keep moving the new trend line from one point of the line crossed to the other until there is a break
see the picture
yep got it, me thinks if you pay a little attention to the consolidation you will get the entries an,d exits down a little faster. I’m a trend trade utilizing price action.
I am a trend trader I just use the consolidation breakout for my entries.
and brief consolidation pauses to jump into a continuation trade or out of a potential pullback, Mom said not to jump on or off a moving train…
nice strategy you got
Thank you, it works well for me.
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