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Choosing Right Chart
Choosing Right Chart
Understanding the chart before start trading is very important cause not every
strategy build for all market condition hence you must pick the right strategy for
right market condition to have positive results .
Neutral Trend
EMA 50 Line is going above the upper Bollinger band towards down
In such condition we will be taking PUT trades only each time the market hits
nearest Resistance
In such condition we will be taking CALL trades only each time the market hits
nearest Support Level
EMA 50 Line is going Parallel with Middle Bollinger band in Straight direction
This is the best market condition to trade and we can enter call on support and
put on resistance level
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Broker Platform Settings ( if broker doesn’t offer such settings then add it on
MT4 )
EMA 50
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METHOD
2
To make it even more simple to understand the trend you can use this 3rd
party method as well and pick your favorite market condition for trading
Click on Customize
Now You will able to see the market trend condition of all assets and decide
which one you wish to trade with .
Choose the asset when 15m and 30m timeframe shows same trend going
on than open the asset on BBM trading system and Prepare you broker
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chart watching the trend line and support and resistance before enter any
trade
Whichever asset you choose make sure the conditions must look any of
such showed above .