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Chapter 20, Part III. Trading Fakeouts. Page 8

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 22, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Commander in Pips: Of course not. We need some confirmation from the market. Take a look at chart #3. The safe way to enter is to wait for when the market returns back above trend line. Then we apply the 3-period rule and enter the market during next three periods. Since this is a mini reversal, because the market pushes back from trend line, usually there is some retracement taking place after that push and we use it for entering. The same could be done in case of a downtrend, but in the opposite direction, of course.


    Chart #3 | 30 min EUR/USD
    [​IMG]
     
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