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*BONUS* This additional ebook builds on what you have learned in the first. In the first ebook we focused on a simple, but effective, entry using MAs. What I m going to teach you here is a different way of entering a trade while still using the MAs. Now, I have to point out now, this method of entry is not as easy and clear-cut as the method in the first ebook. This is why a left it until you had (hopefully) read the first ebook. I wanted to do my best to make sure you had a good grasp of the simpler entry strategy before learning this one.
The Mini-Trendline Entry As the above title states we will be looking for entries using a miniature trendline (TL). But, instead of looking for TLs that are going with us, we will be looking for TLs that are going against the MAs and then enter on a BREAK of those. As with the first ebook, it s best to see with trade examples, so I m going to go through a load of examples here. Remember the trade example in the first ebook where I mentioned that our strategy couldn t get us in but what was in this *BONUS* ebook could? Here it is:
For the actual entry and stoploss placement you can use a little discretion. Many times the market will not even go against you a single pip it will just take-off. So a big stoploss is not needed. I have to be honest and say that it is not as easy to trade this entry as with the entry in the first ebook. But once you get the hang of it (with a little experience) you will find that the extremely low-risk entries you can attain are very addictive! Please, promise me you won t just go off and start trading these mini-tls blindly! Promise? Just watch them for a while. Demo trade them. In the above example you could have a conservative entry and stoploss like this:
A less conservative entry and stoploss would be:
In the following chart you can see a setup where the original entry strategy would most likely have got us in:
You ve probably spotted it already but we can also enter using the mini-tl:
This next trade does not pull back very much but that s why I say you can t just jump right into trading these as quickly as you can with the original entry strategy.
I missed something out on this last example that you can use as extra confirmation for entry. The previous example was not just a mini-tl but a triangle too. Take a look: The triangle can be a very reliable entry strategy. It s definitely easier to trade than just the mini-tl.
Do you recall the second potential trade example in the first ebook that I said we would have missed with our normal entry strategy (but then promised you I would show you in the *BONUS* ebook)? Well, here it is again:
Are you seeing what it is now and how we could trade it?... Although not a big move day there were a few opportunities here. You will see that it is definitely harder to trade these mini-tls than our standard entry strategy
I m sure you re starting to get the hang of this entry now. I ll run through some more examples quickly
So that s it! Remember what I have just gone through in this *BONUS* ebook is not as easy to trade as the standard entry. Remember to keep a lookout for emails from me I don t just leave you once you ve made your purchase! I will send you further information to help your trading and support this strategy. Sign up for more Price Action Analysis here