Tuesday, 28 August 2012

Couldn't Be Clearer

I was asleep when the Euro made this bottom. Had I been awake I would have grabbed this gift, because it couldn't be clearer. Does this picture fail? Sure, sometimes. But not a lot. So going with the probabilities of a high win rate picture makes money over the long term.

BYW, there was another entry to this trade, albeit at a worst price, when the price closed over the 33EMA confirming the change of trend of this chart.

1 comment:

  1. Hi EL. Would you be able to do a post or two focussing on examples of entries that might initially look acceptable on a chart, but which other elements of your approach would cause you to disregard?