Patience, let the trade come to you.
BB break + trendline break 24 replies
Break Out + Pull Back & Pure Break Outs 58 replies
DislikedThis the GBP/USD H1 chart. I tried to squeeze in the whole chart and I didn't succeed. Anyway, if you look at the left bottom corner you can see a small black line the runs through the 13MA crossing the 50MA, there is also a red x there but it wasn't saved. This is beginning the 1st level of this week. The 2nd level of the week has a line through the 50MA crossing the 200MA and you can see the 2nd x in the photo. The beginning of the 3rd level is mark by a line running through and the 3rd red x with the 200MA crossing the 800 MA. And if you look...Ignored
DislikedHere's a chart of the EUR/GBP 1 hour chart. Looking at the check mark where the 13MA crosses under the 50MA I look for this pair to keep moving lower until the 50MA crosses under the 200MA. {image}Ignored
Disliked{quote} For this case, MA50 is already below MA200, and if this pair keep moving lower, MA50 will never cross under MA200, unless MA200 is now below MA50.Ignored
Disliked{quote} Great explanation Pokerchip, I am beginning to understand the system. Many thanks for your time and efforts. regards, PeterIgnored