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Chapter 20, Part III. Trading Fakeouts.

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

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  1. Administrator

    Administrator Just Administrator :-)

    Sep 24, 2007
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    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.

    #1 Administrator, Nov 3, 2011
    Lasted edited by : Dec 16, 2011
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