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katya1

A False Breakout, How to Identify It?

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Many who trade the breakthrough strategy would better understand is break real or false. If you see in advance false break, you can’t open a position, or play in the opposite direction.

The volume can show how the breakthrough may be present. The point is very simple. Extra volumes at the level of the break significantly increase the likelihood of truthful breakthrough.

Consider these examples:

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5aa7126a7c4ad_Exam2.thumb.jpg.e4ec6334df4a5c72f50bf32fc7bb308d.jpg

5aa7126a83f51_Exam3.thumb.jpg.8c908731237e486fa4791a4e4bcba287.jpg

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I pefer to consider how decisive the candle is when looking at the market sentiment at that exact moment. I think it's a more reliable source of information.

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On 7/7/2019 at 9:08 PM, scarlettjhonson said:

Investing in Forex is not a game, it is something serious and study, experience, patience and a lot of discipline. It can be a very profitable business if you are careful and never get greedy.

Please define the difference between greed and, say, following a trend that lasts  for years.

A sure sign that the losing trader is at square one is when they repeat the trading cliche's .

Stop pretending you are running a 'profitable business'

 

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On 11/14/2015 at 10:18 AM, katya1 said:

Many who trade the breakthrough strategy would better understand is break real or false. If you see in advance false break, you can’t open a position, or play in the opposite direction.

The volume can show how the breakthrough may be present. The point is very simple. Extra volumes at the level of the break significantly increase the likelihood of truthful breakthrough.

Consider these examples:

 

Your ' true breakout' came later, not where you have marked.

Like most amateurs, you have not reached that break out moment where you realise it's more important to learn how to trade rather than attempt to look like you know what you're talking about.

 

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On 7/20/2019 at 7:32 PM, landorra said:

I pefer to consider how decisive the candle is when looking at the market sentiment at that exact moment. I think it's a more reliable source of information.

The problem with that idea is that a simple backtest will prove there is no edge in your belief. (what a fkn surprise)

Otherwiswe there would be a lot of 'decisive candle' millionaires// wouldn't there?

 

 

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