In this video, I walk you through one of my recent GBPUSD trades that was covered a lot in the war room.
Unfortunately the trade didn’t hit the text book perfect entry criteria, so I dropped down to the 4 hour chart and used price action clues there to re-structure me into the trade with a little bit more aggressiveness.
You can’t do this every time, but the price action was very clear on this trade so I took advantage of the 2nd chance to jump into this trade.
Watch the video to see the trade from start to finish.
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no more videos after brexit?? i love to watch you plot your charts, and the way you analise the market… cant wait for the next video..
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I notice the EMA lines pointing down shortly after the swing event. Does this come into play at all? My guess is, it wouldn’t since it is a lagging indicator. Any thoughts?
Replying to: Steve Epperson
The EMA’s are more of a reference point for you to use against price. It is the location of the mean relative to price which is what we’re really eyeballing.
Sure, because they lag a little, it will take them a moment to respond to trend changes.