Do you see how price reached and reacted to each predrawn level .When you know where and how far price will travel ,trading becomes a lot more productive .
Most of his videos are gone ,but he has an editorial on money talk which explains the roadmap method .I have used it as a bias for many years and have found it to be very accurate.Im just surprised that it isn't talked about much anywhere .
I exited with about 160 pts ..it went another 100....Mr Melchi , I hope I have helped you in some way ..It is a very simple method and should take no more than 10 seconds to analyze your entry ..good luck in your journey..
chappy, how is MACD related to trendline? I...Instead of setting the trend line on pricebars ..I set it on the place where the macd will cross it's zero line (or as close as I can guess that it will). If you look at the 1st chart I posted ..you should get the idea .By doing it this way you will...
As you can see , I never post on this forum.However your story pulled me in and I felt I should share .You asked for a simple method that required little analysis .This is the way that I have traded for yrs. The key to this method is to use the macd to set the trend line .I don't set the end of...