Profit Probability Pattern
Not every market situation has the same probability of making a profit. Advanced Level traders tend to incorporate this aspect in his Risk Management.
Does the market offer a greater chance to go Long at DS3 daily bottom today after such a long draw down (see #260)? Doesn't it?
Moreover, ....if you can wait till tomorrow with your Long at 1.3328 maybe there could come up additively one more profit chance with the overlapping candle concept.
If you are a little afraid when trading then it could be better for you to select a Stop Loss or a Hedging Order around 1.3280 or so. I have set one (see #262).
FXcube
Not every market situation has the same probability of making a profit. Advanced Level traders tend to incorporate this aspect in his Risk Management.
Does the market offer a greater chance to go Long at DS3 daily bottom today after such a long draw down (see #260)? Doesn't it?
Moreover, ....if you can wait till tomorrow with your Long at 1.3328 maybe there could come up additively one more profit chance with the overlapping candle concept.
If you are a little afraid when trading then it could be better for you to select a Stop Loss or a Hedging Order around 1.3280 or so. I have set one (see #262).
FXcube