the sharp reversals, this retest strategy is for you. Strategy Notes for the Day Trading With Price Action Course In these examples, we drew the trend lines using valid pivots as taught in the course. Lets drill into the specifics of the trigger. The dynamics of Chinas trade balance and reserve accumulation during the first decade of the 2000 was one of the main reasons for the interest in this topic.
If you still have questions you can call our office between 9:30.m. Remember, these rules apply to a bullish trend line that is sloping upwards. 3 In the Central Banks Balance Sheet, foreign exchange reserves are assets, along with domestic credit. It was an excellent short trading setup. Recall that a trend line is drawn with two swing lows. By 2007, the world had experienced yet another financial crisis, this time the US Federal Reserve organized Central bank liquidity swaps with other institutions. Archived (PDF) from the original on 24 September 2015. The key point is that it is an aggressive reversal trading strategy. In this context, foreigners have the role to choose only the useful tradable goods sectors. Usually, you will find climatic volume and price movement before a sharp reversal.