PRO TIP! Hi boys! There are some pairs that just follow trends and this is one of them. Keep following the trend. Elliots within elliots. HHs and HLs are developing. Don't trade when its in consolidation and around fundamentals. Use Fibonacci to know when to TP. Never go against the trend and always put a tight stop loss just below the previous low. If your stop loss hits who cares. Keep repeating. You will win more than you lose, but even if you win 50% of the time you will be successful because the average RR ratio with this method is 1.9. :)
Kommentar:
Ok I literally made $2 and closed my position. We never retraced to the buy area, it just continued to go up. Now We see lower lows. Looks like it might continue the overall down trend