Hi there.
About touch trade rule. I'm a bit unclear on this sentence.
4. “Touch Trade Entries” must be taken off of a steep MA and are only acceptable IF Price
has have moved at least 15 pips in the direction of the trade, and opposite pull back that
creates the “touch” which is a short, very fast “run back” to the lines “touched”. (explained
in the price action sections.)
The underline parts means - if I'm looking for long, price must be going up at least 15 pips before pulling back down sharply to the SMA? And you want to enter trade as soon as the touch happens?
About touch trade rule. I'm a bit unclear on this sentence.
4. “Touch Trade Entries” must be taken off of a steep MA and are only acceptable IF Price
has have moved at least 15 pips in the direction of the trade, and opposite pull back that
creates the “touch” which is a short, very fast “run back” to the lines “touched”. (explained
in the price action sections.)
The underline parts means - if I'm looking for long, price must be going up at least 15 pips before pulling back down sharply to the SMA? And you want to enter trade as soon as the touch happens?
Everything you can imagine, is real - Pablo Picasso