Equilibrium Part 2

Equilibrium Part 2Lesson 8 of 86 min read

Where the targets go

One short run from the top chart down to the entry, with three targets laid on old lows and an honest account of how many of them price reached.

The module closes with one trade taken from the highest chart down to the exit.

Which chart has the trend

Start at the top and work down until a chart gives you a direction.

The weekly gold chart is going sideways, so it has no direction to give. The daily is making lower highs and lower lows. The daily is therefore the highest chart with a trend, and it is the one the trade follows.

Module 4 said the higher chart wins. It still does. A chart with no trend simply has nothing to win with.

Follow the highest chart that is actually trending.

Down the chain

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