false signals

[Komondar]

You can mitigate the impact of false signals by:
1. Using confirmation indicators or patterns to validate signals before entering trades.
2. Setting stop-loss orders at logical levels to limit potential losses if the trade turns out to be a false signal.
3. Waiting for additional confirmation from other technical indicators or price action before taking action.

Absolutely. +Monitor market news and events that could impact price movements

 

[bigdolly]

Absolutely. +Monitor market news and events that could impact price movements

I really like to trade news because they provide volatility. Also when the market is in imbalance state it provides opportunity to earn. Equilibrium state is hard to beat because basically you guess about the future should be consistently more efficient than collective one (expressed in current market price)

 

[fxoday]

This often happens with false signals, sometimes I get caught in a situation where I think that the price might have a breakout and there will be a strong trend afterward, but after opening the position the price actually goes against my order. For this reason, I think waiting for a pullback is safer when trading a breakout to minimize risk.