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.
Note
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.Note
See? Statistics rules!Note
Time to take partial profits and move SL to B/E !Note
Correct: B/E-10Note
My B/E-10 has been touched. Good trade!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.