as promised here is the trade of friday afternoon.
i went out for lunch and entered after the close of the 5m with the arrow. the 5m was flagging so in fact i got a better price than the entry.
we were trending higgher so:
point 1 was Asia's low
point 2 the lowest swing
point 3 the latest highest swing (as the nfp spike made a higher high we consider it as a swing up).
then price comes back and closes outside the fork. trend change down. we enter short.
next post will be the new down trend fork.
i went out for lunch and entered after the close of the 5m with the arrow. the 5m was flagging so in fact i got a better price than the entry.
we were trending higgher so:
point 1 was Asia's low
point 2 the lowest swing
point 3 the latest highest swing (as the nfp spike made a higher high we consider it as a swing up).
then price comes back and closes outside the fork. trend change down. we enter short.
next post will be the new down trend fork.
dreams do come true.