Some of you will realised of why I did not trade when there's strong trending market. Actually I trade during those time using additional technique I used before in all my previous posting last year. But you need to know where you enter or ride the waves.
One way to enter in which I like to use it, is utilising the little S&R (Support & Resistance) that develops by the market maves in the 1-minute chart. In a strong up trend market movement like the case with GBPUSD within this week, I will enter at the break of the small resistance and placing my stop loss at the most recent support developed by the market waves. I will then place my target at least twice of the risk I placed for my stop loss.
However, you need to remember before you commit to such trade you must ensure that all 3 indicators in the TRIPLE timeframe must be of the same color. In a strong up trend, all 3 indicators must show the blue color.
Happy trading guys...and I will be back for another live trade next week. I will stay on the side line today knowing the US NFP will be released. Tsunami might be created, and my naval vessels can't cope with that kind of waves...
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