READING PRICE ACTION AND CANDLES TAKES
A LITTLE PRACTICE
AS YOU GET YOUR ALERT MAKE SURE YOU SEE
PRICE MOVING AWAY FROM THE MOVING AVERAGE
WITH STRONG CANDLES.
SOMETIMES PRICE WILL RANGE AND JUST GO BACK AND
FORTH OVER THE 200 SIMPLE MOVING AVERAGE LINE
YOUR PROTECTION IS THE TIGHT STOP YOU PLACED
ON THE OPPOSITE SIDE OF THE MOVING AVERAGE.
YOU WILL FIND THAT YOU WILL BE STOPPED OUT FAST
WHEN YOUR TRADE ENTRY WAS PREMATURE
BUT OVERALL YOUR RISK TO REWARD WILL PAY OUT
SINCE RIDING THE TRADES THAT WORKS OUT WILL
FAR EXCEED THE MONEY LOST ON TIGHT STOPS.
REMEMBER THE RULES FROM STEP 3.
