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Monday, June 6, 2011

HOW TO READ and ENTER CONTINUATION TRADES!!!

some easy afternoon trades, market a bit thin, but the trend has been down. you see on the one minute chart the bigger candles going down, you need to look for candles that are 8+ pips in size or for the price to STRETCH +8 pips, then wait for the price to pullback 3-4 pips on the next candle and enter into the direction of the overall trend. Set your SL at -5, once in profit move your sl to Breakeven, look to take your 6-12 pips profit. you just have to be patient and wait for this to happen.

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