thats very risky trading imho
Aboonacci System - for EUR/USD prediction
- #3,325
- Edited 2:39pm Nov 9, 2010 2:23pm | Edited 2:39pm
The fact that : today price has penetrated 61.8% level from above and give short signal, and price has penetrated 38.2% level from below and give long signal, and finally price has penetrated 61.8% level again from above and give short signal, again! (and finally meet its 0% @ 1.3766, although less than 5 pips @1.3771 when I wrote this!)
Like Gisela said, not everyday we have condition like this, but if we do face condition like this, we must prepare to use SL more than one phase away, otherwise our SL will be hit (just like my trades) when condition change from Short to Long, and Long to Short again like the above explanation.
We must admit there's a weakness, and then we can construct to correct the weakness point of the system. Thanks, that would be all from me for today trading, of which, like ping-pong trades
Like Gisela said, not everyday we have condition like this, but if we do face condition like this, we must prepare to use SL more than one phase away, otherwise our SL will be hit (just like my trades) when condition change from Short to Long, and Long to Short again like the above explanation.
We must admit there's a weakness, and then we can construct to correct the weakness point of the system. Thanks, that would be all from me for today trading, of which, like ping-pong trades
