RSI, MACD... Those are nonesense. Who could guarantee the momentum won't fade? It's a stupid guessing game.
Now, see the power of statistics.
Now, see the power of statistics.
Commento:
Stats shows that price is overestimated in short-term and is ranging from long-term perspective. Fading it is good. Stop loss when long-term data shows upside developing moves. Take profit when price comes to the lower bound of long-term ranging structure.
Commento:
See? Statistics rules!
Commento:
Time to take partial profits and move SL to B/E !
Commento:
Correct: B/E-10
Commento:
My B/E-10 has been touched. Good trade!