BTMM PRICE-ACTION

Good day, Inthis book I will be sharing a simple price-action which if implemented right can earn you
profits.

We will be using exponential moving 13 only on the 4HR timeframe, the strategy focuses mostly on the
4HR timeframe. The 13 EMA in the 15-MINUTE timeframe is known as the mayo(200 EMA 15MINUTE-
TIMEFRAME) but since here we will be focusing on the 4HR TIMEFRAME we might as well call it the 13
EMA, if you are familiar with BTMM you will know what the mayo is.

The big banks or market makers use this EMA to take profits and it can be used as a very strong support
or resistance, also you can determine the trend using the 13 EMA on your 4HR timeframe, if price has
crossed above it in the 4HR TIMEFRAME then it means price is now bullish and if price has crossed below
it then it means now price is bearish.

Now let us look at how you can trade using this EMA and combining it with price action

First things first you first look for a major or mid major support/resistance preferably starting from the
4HR TIMEFRAME. Example below

Second step is you wait for price to bounce/reject from the third touch of the support, please note that
price before bouncing on the support was above the 13 EMA on our 4HR TIMEFRAME.

Once price rejects your support you then wait for it to break the 13 EMA, remember we are doing all this
on our 4HR TIMEFRAME. After price has broken our 13 EMA and is now below it we wait for price to
come back and retest the 13 EMA leaving a doji giving us a signal now that price is now bearish and is
failing to come back and become bullish. See example below
Price rejected the support, broke below the 13 EMA then came back to retest it leaving a doji as a signal
for your entry. Reasons why We do not enter immediately when price touches the support is that
candlesticks can be misleading sometimes, so most of the times price will not respect candlestick patterns
formed on support or resistance, im sure you have got burnt too when you were trying to enter at
support/resistance because you have seen a doji or any other pattern, so us waiting for price to reject
that support and breaks the 13 EMA gives us a clue that price is now bearish meaning it respected that
support, and when price prints a doji on the 13 EMA it gives us the signal that buyers are now failing to
keep price bullish because the bears are now in control.

Let us look at one more example.

Hope this book will help you, I have tried to be brief as possible because it wouldn’t be fair
for my students.

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