EURUSD - Trends, Forecasts and Implications (Part 2) - page 1702
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For example, look at the statistics of 50 profits and 50 stops. Of the stops, usually 50% are false breaks with the lock, they are liquidated without losses. 25% remains when the price reverses and goes in the other direction - that is, a new trend. It is not profitable to cut everything in a row with stops - a loss of 25%. Simply doing nothing - by breaking false-breaks and closing lacquered positions (for example, price is already at 200 pips) we gain 25%. The classics are lying or their time has passed.
2011.02.15 02:00:12 TSR_Right EURUSD,H1: open #105046792 sell 1.00 EURUSD at 1.34862 sl: 1.35717 tp: 1.34037 ok
For example, look at the statistics of 50 profits and 50 stops. Of the stops, usually 50% are false breaks with the lock, they are liquidated without losses. 25% remains when the price reverses and goes in the other direction - that is, a new trend. It is not profitable to cut everything in a row with stops - a loss of 25%. Simply doing nothing - by breaking false-breaks and closing lacquered positions (for example, price is already at 200 pips) we gain 25%. The classics are lying or their time has passed.
Isn't it more natural to turn false breakdowns into pullbacks (bounces)?
On the subject, I'm stubborn (2nd entry with no profit):
The target is the red one in the top left corner. I think the one on the right wanted to turn into 1.39.
........... The target is the red one in the top left corner. I think the one on the right wanted to turn into 1.39.
Look at the small TF, there was a momentum, now a correction, but the momentum is not over. It seems that 1.3390 should be reached.