No Bullshit Forex Blog, A Part of No Bullshit Network

I’d like to say even though I’m not a fan of paid subscriptions, Peter Bain’s email subscription works fine for me. It’s informative and definitely work your Gmail (or whatever email you’re using) space.

Here’s one tip from Peter and I urge you to seriously consider signing up for his mailing list. It’s not that irritating as compared to others who’re actually asking you to buy a product.

Even though the 200 EMA may be trending up on the hourly and 15
minute charts, make sure to observe the attitude of indicators like
MACD. If it is trending down, with good angle and separation
between it and its trigger line, wait for it to turn up into ‘buy’
mode, before hitting the enter key. Just because the trend is up,
as reflected by the 200 EMA, you have to be patient, and wait for
the right entry point(s) - as price saw-tooths its way up the
chart.

The age-old truism in trading circles is: “Buy the dips in an
uptrend - sell the rallies in a downtrend.” Use the 200 EMA to find
out what the true trend is, and then be like a fox in the bushes
waiting to pounce - ever so swiftly.

This is just one of the many Big Dog trading secrets we talk about
on a regular basis in the members area at www.forexmentor.com. See
you there - and at the top - and at the bank.

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