as i said on my last post we had 2 potentional trades on the 1hr trend 1# the break upof the triangle and 2# the break of the channel which it happen.... who ever took that trade made some good pips !!!
OK let me make something more clear because i had some people Msging me about the Moving Avrgs...
i am not taking any trades based on the MA. MA's are just helping me to see how strong the trend is and whats the direction of the trend!!(you can use any MA u feel confy (10,20,30), (10,20,50), (13,21,55) their all the same they show just direction and price movment... and with the help of the trend lines u identify the price action.
i will open a trade based on price action, break of a pattern or a break of S&R lines.
now some times it happens to have a breakout and a cross over at the same time thats just an extra indication of a strong move (up or down )
