True, but also the most unpredictable movements. I prefer to expect confirmation and enter with the more stable market.
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True, but also the most unpredictable movements. I prefer to expect confirmation and enter with the more stable market.
Do you use pending orders or execute the market?
I mostly use pending commands, so I'm not stuck to the screen all the time.
What if the price breaks and comes back fast? I happen to get in and hunt me down in seconds.
That's why I use low spreads, reliable brokers and never risk more than 3% per operation.
Looks like you've learned from punching.
Most of my lessons were paid for with money of my own.
Do you have any recent examples of successful operation with this method?
Of course, just last week at GBP/USD on H1: daily resistance break, pullback entry, target met at 1:3 in 6 hours.
Actually, your system is basic but logical, better that than those systems full of magical indicators.