Triangle Breakout
May I know if there is anyone who focus on triangle breakout and can make profit this year ?
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- 2012.07.09
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Kam Yuk Wong:
May I know if there is anyone who focus on triangle breakout and can make profit this year ?
If you're trading FX, finding profitable triangle breakouts is quite challenging because FX pairs range about 70% of the time. Therefore, you would basically be hunting for breakouts in 30% of price movement. They are likely more appropriate for more volatile markets such as stocks.
May I know if there is anyone who focus on triangle breakout and can make profit this year ?
Ryan L Johnson #:
If you're trading FX, finding profitable triangle breakouts is quite challenging because FX pairs range about 70% of the time. Therefore, you would basically be hunting for breakouts in 30% of price movement. They are likely more appropriate for more volatile markets such as stocks.
Yes, agree and thanks
If you're trading FX, finding profitable triangle breakouts is quite challenging because FX pairs range about 70% of the time. Therefore, you would basically be hunting for breakouts in 30% of price movement. They are likely more appropriate for more volatile markets such as stocks.
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