Senior Rob wrote: Thu Oct 22, 2020 4:39 am

Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.