1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Chapter 20, Part III. Trading Fakeouts.

Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Nov 3, 2011.

Thread Status:
Not open for further replies.
  1. Administrator

    Administrator Just Administrator :-)

    Joined:
    Sep 24, 2007
    Messages:
    5,429
    Likes Received:
    403
    Part III. Trading Fakeouts. [​IMG]

    Commander in Pips: Now it’s time to pass to the fakeouts part of this discussion. If you remember, a “fake out” is also known as failed breakout. Dealing with fakeouts is as important as with a breakout or even more important. This is because fakeouts appear more often than breakouts, especially on intraday charts. In general, a fake out happens when initially the market shows a breakout of some support/resistance line but then returns right back and shows a move in the opposite direction. This support/resistance line could be different – trend line, channel, Fib level, classical support/resistance or lines in different patterns, say, neckline in H&S.

    [​IMG]
     
    #1 Administrator, Nov 3, 2011
    Lasted edited by : Dec 16, 2011
Thread Status:
Not open for further replies.

Share This Page