For trends I use moving averages with my personal setup (nothing special)
between the red line and the blue line is the dynamic support area (Red arrows)
I recommend must wait for the retracement to this zone for a better entry,
I do not use a mechanical system with Indicators and Oscillators, the methodology is discretionary
this gives me freedom to expose my idea, and also allows that different type of traders adopt the idea and use they own system
So, I use dynamic support areas (Red Arrows) combined with the concept of resistance becomes support (Red Horizontal Line)
between the red line and the blue line is the dynamic support area (Red arrows)
I recommend must wait for the retracement to this zone for a better entry,
I do not use a mechanical system with Indicators and Oscillators, the methodology is discretionary
this gives me freedom to expose my idea, and also allows that different type of traders adopt the idea and use they own system
So, I use dynamic support areas (Red Arrows) combined with the concept of resistance becomes support (Red Horizontal Line)
Trade geschlossen: Stop wurde erreicht:
Simply not worked
stop loss
stop loss
Sector: Steel & Iron