TODAY IS SATURDAY, 24TH JULY 2017, AS THE MARKET IS CLOSED, I DECIDED TO TRY A DIFFERENT PAIR OF MY TASTE, AS I AM STILL OVER-VIEWING CURRENT PAIRS FROM LAST WEEK.
I HAVE MANAGED TO ANALYSE THIS CHART WITH THE 4HR CHART TIME FRAME. SIGHTING THAT PRICE WAS MOVING RAPIDLY WITHIN THE MARKET, I POSSIBLY KNEW THAT THE TREND WAS ASCENDING (UP-BULLISH.) MY INSTANT DECISION URGED ME TO GO FOR LONG POSITION.
USING 4HR SUPPORT & RESISTANCE LINES, IT HAS BROKEN THROUGH TWICE AND NOW HAVE REVERSED. ALONGSIDE THAT, THERE ARE NUMEROUS CONSOLIDATION TRENDS INSIDE THE MARKET. NOW THAT I HAVE CURRENTLY BACK TESTED ONE OF MY METHODS, I HAVE DECIDED TO TRY SOMETHING A LITTLE DIFFERENT TO SEE IF IT WOULD GO TO GOOD USE.
I WILL BE LEAVING THIS TRADE FOR A WEEK, BASED ON MY ANALYSES. WHATEVER THE OUTCOME IS, I’LL ALSO BE EARLY PROFITING, IF MY RISK MANAGEMENT EFFECTS THE OPPOSITION OF THE MARKET. “SWING SWING AND SWING AWAY”
I HAVE MANAGED TO ANALYSE THIS CHART WITH THE 4HR CHART TIME FRAME. SIGHTING THAT PRICE WAS MOVING RAPIDLY WITHIN THE MARKET, I POSSIBLY KNEW THAT THE TREND WAS ASCENDING (UP-BULLISH.) MY INSTANT DECISION URGED ME TO GO FOR LONG POSITION.
USING 4HR SUPPORT & RESISTANCE LINES, IT HAS BROKEN THROUGH TWICE AND NOW HAVE REVERSED. ALONGSIDE THAT, THERE ARE NUMEROUS CONSOLIDATION TRENDS INSIDE THE MARKET. NOW THAT I HAVE CURRENTLY BACK TESTED ONE OF MY METHODS, I HAVE DECIDED TO TRY SOMETHING A LITTLE DIFFERENT TO SEE IF IT WOULD GO TO GOOD USE.
I WILL BE LEAVING THIS TRADE FOR A WEEK, BASED ON MY ANALYSES. WHATEVER THE OUTCOME IS, I’LL ALSO BE EARLY PROFITING, IF MY RISK MANAGEMENT EFFECTS THE OPPOSITION OF THE MARKET. “SWING SWING AND SWING AWAY”