guys, for argument purposes, this is a depiction of a real chart. We can see trend, engulf, FTR, compression, QM, kinks, whatelse missed .... you name it.
by just looking at this chart, for sure you will have all kinds of analysis, and you will even have totally opposite conclusions. There is no right or wrong, no bad or good, just win or lose, but you must know where to stop, even if you are in the trend. All the RTM things can get you into a trade, it is just a tool. The key is money management. The KEY! Now where to take a trade and where to stop?
by just looking at this chart, for sure you will have all kinds of analysis, and you will even have totally opposite conclusions. There is no right or wrong, no bad or good, just win or lose, but you must know where to stop, even if you are in the trend. All the RTM things can get you into a trade, it is just a tool. The key is money management. The KEY! Now where to take a trade and where to stop?
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