Thursday, January 18, 2007

Trend Relativity

  • The most profitable positions will align to support-resistance on the chart above the trade and display low-risk entry points on the chart below.
  • The perfect set-up rarely exists.
  • Many traders make the mistake of seeing their trade in one time frame and executing in another.
  • Decide how many bars must pass before a trade will be abandoned regardless of gain or loss.

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