Downloading...
Download

Simplepriceaction

How to trade with a trend lineLet's do it fast and simple. We see an up trend, a trend line, bullish momentum, bullish candles with big bodies. As they say, go with a trend. Do not fight with trend. Buy when price touches the trend line. But where do you put your TP? It's simple. You turn to 5 min time frame. There you can see a bullish flag. What's our first TP when price breaks the flag? Top of the flag. Where do you put your stop loss? Again look at 5 min time frame: 3 times price hit the level(around 17430 but couldn't break it, therefore there is a accumulation of buy orders and you can guess that could be a good support for your stop loss order.
BITSTAMP:BTCUSD
by Trading-with-Ali