Here's a 70ish degree trade that played out very well. Exception?
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I am JuMPeR.
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Quoting samyadlyDislikedhello dear
i'll call trend lines : dem-sup lines , which stand for demand/supply.
from my point of view , the perfect dem-sup line have a 45 degree inclination , any slope less than 45 degree can still make profit in forex , but , on the long run , only correct things last longer !
if u review any book about technical analysis of stocks , forex , etc..
u'll get that point clear .
the idea is , the dem-sup line shouldn't cover a large span (a large period of time i mean ) , yet it should have a slope between ( 20 - 60 ) degree , which i insist on being so important and keeps out any false signals ..
i'm here to learn coz i'm a newbie
finally , wish u best of luckIgnored
Quoting jumperDislikedHere's a 70ish degree trade that played out very well. Exception?Ignored
Quoting samyadlyDislikedhello again Jumper
i still insist on my principle in applying dem-sup lines , coz it prevents whipsaws in many trades for me , i strongly advice u to stick to this rule as it'll keep u out from being stopped in a loss.
if u r gonna backtest this rule , u'll be satisfied with the results , searching for a 5 degrees difference would make a little difference , buddy.
rule # 1 in my life : in my signature
best of luck friendIgnored
Quoting branacDislikedExceptions confirm the rule, right?Ignored
Quoting MaXeYDislikedfake long SignalIgnored