Your absolutly right!
Thats why i trade on price action only (TD,OBV,A/D and volume only)
Go long at 1.2984 sold 1/2 at 1.3067
Thats why i trade on price action only (TD,OBV,A/D and volume only)
Go long at 1.2984 sold 1/2 at 1.3067
Quoting serjDislikedThis is where breakout stratergies work best. Having a buy stop just above the high of 10th Nov would of got you in nicely. The pound/euro/franc all have been in a nice channel for several months now. Expecting the unexpected is what we all need to be ready for as traders.
Remember that price spends most of its time ranging and very little time trending, so having those brerakouts ready is money in the bank.Ignored
Sorry for my bad english translation