Spotting it early, confidence is the issue, by the time you trust it, its already over.
Same as double bottoms, take them, most won't and they'll work, triple bottom confidence is up worked last time, then most fail, big boys know retail take 3rd.
The best way to detect trend market/non trend market in programming?
- Thread starter GloriaBrown
- Start date
Spotting it early, confidence is the issue, by the time you trust it, its already over.
Same as double bottoms, take them, most won't and they'll work, triple bottom confidence is up worked last time, then most fail, big boys know retail take 3rd.
For the first arrow, your system long when the price breakthrough the bottom evelope range? I thought your system would short and assume a drop trend comes for this case.
More about whites 40 direction, low range based on 20 so tight SL good upside. It had just off chart had a move down.
Break outs to high a risk as SL to far away just get chopped to death, patience wait for it to come back, stall then join trend.
Fail safe, ie with a small loss relative to profit potential.
Patience is what lets me down, trying to slow trading down, more time to think rather than panic.
What is SL? @_@
Ohhhh lol
Stop Loss, a price where your trade exits cause it's not likely to work to keep losses in control.
I understand your arrow with white line in this graph now. Then how to you take profit?
Get the entry down, when that's down, I'll start working on better exits, exits are always just best guesses, as you have no control as to when unlike a entry, you can't really wait 2hours for a setup which signals exit sadly.