Thursday, December 9, 2010

Ascending support vs. breakout

The trades who gave 12,4 and 5,1 pips on this chart were entered when an ascending support (after retracement) was observed, while (almost all of) the rest of the entries were at (local) breakouts. Look how more relaxed and easier are the former.


Sam said...

Very nice intellectual observation and thinking.Good to go with flow and stay away when it is breakout.But it is very tempting to trade when scalping.

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