From 2010, it was nothing but down, Looks like The Mother of all breakouts
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2 comments:
Sir Tracer, how do you convert/apply your trending rules(6% drop as danger signals) for FX?
FX is traded differently. I do not used any technical thing and stops, I just follow a trend. I have used 20% stops before, and my stops were always hit and I lose 20% only to see it rise 100% if I just follow the trend.
Now I have 100% paper profit for USD CHF pair.This works for me, but we have different personalties and experience, what works for me may not work for you. It is all about controlling basic emotions,
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