DislikedOn a daily there is no real signals to sell. only scalping by 30-50 pips. do you guys like to scalp? i dont cause usually if strong trend get SL blowup. Its better to wait for double top. Why double top? cause double top usually signals the end of trend and its perfect for sell. while no double top we could go higher and higher.Ignored
There is no stats confirming Double tops signalling trend end convincingly.
I bet you can find both equally trend continuing or reversing from dd top.I just don't want you betting all your baskets because you saw DD Top.
80-90% forex is NOT trending (shocker)
What you might be referring is price is within a channel.Top of channel bottom of channel and turn around points (recent top 6268).
This concept (which I trade) is beautifully written in a book called "Bird Watching in Lion Country"
Edit wrong chart sorry but idea is the same
In trading, you have to be defensive and aggressive at the same time