bta charts - recent trade analysised

Hi jessie, thought I would offer some practical advice of how to benefit from the reading of BTA charts of late


3charts are included, weekly, daily and 60min

No 1 rule is wait for strength to appear on the larger timeframe, it did that over several weeks

No 2 rule is wait for it to show signs of testing on the weekly, it did

No 3 rule is then manage the trade ( daily ) and stay in as long as possible and watch out for weakness, we did but then got hit the very first day, alarms bells a ringing we manage aggressively from then on in the smaller timeframe (60min)

we managed to get a nice 17% odd gain in that little trade, I have mentioned previously that I would have and am still waiting for a higher low but this scenario has been run using shylocks entry cause I remember they were advising some other posters at the time of how to trade it

it does not matter to me if the market is up or down all I do is wait for strength or weakness to appear on the charts and trade it accordingly and that is why I continue to post the current situation that BTA is in each weekend because I base all my entries from that particular timeframe

hopefully this piece of advice hasn't confused you at all and I would certainly be more than happy to explain it in further detail if anyone wishes

P.S. even as a long term holder or investor one can reduce their average holdings by simply - holding their long term parcel but trading a smaller second parcel with stops which you would close out of each time thus if one would have followed this trade it would have reduced your average down, just a thought

P.S.S. also a query I have always wondered, in the current market environment how would one prosper from BTA just using FA ? , no disrespect intended just curious