How to cash in on high-probability trades
From marketwatch.com
In neoclassical thought, there are only two types of trades as described in Trend Trading Set-ups — breakouts and retraces. All other trade possibilities are a subset of one of these two basic types. That realization and the simplification that flows from this realization makes a huge difference in how one trades. At the beginning of last week, there were a number of retrace trade possibilities and many were high probability retrace trades. The probability of having a successful trade when buying a stock that is retracing is dependent on all three of the fundamental factors that comprise the field of technical ...
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