Let's discuss strategies we can use to avoid trading fakeouts.
Here's a tip from old Merlin's post:
1. 'dont take a breakout unless it follows a false breakout'
There are also other tips like: wait for a pullback or for a 'goodbye kiss'.
What's your method for differentiating breakouts from fakeouts? Indicators? Volumes? Coffee Tasseography?
Here's a tip from old Merlin's post:
1. 'dont take a breakout unless it follows a false breakout'
There are also other tips like: wait for a pullback or for a 'goodbye kiss'.
What's your method for differentiating breakouts from fakeouts? Indicators? Volumes? Coffee Tasseography?