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hi, mphpopular, it seems your breakout TL + retest is very effective, why you abandoned it and turn out to trading breakout only? in my opinion, breakout + retest seems more reliable. what is your view , please? thank you
Quote:
Originally Posted by mphpopular
EU GU today should have provide you with sufficient pips
hi, mphpopular, it seems your breakout TL + retest is very effective, why you abandoned it and turn out to trading breakout only? in my opinion, breakout + retest seems more reliable. what is your view , please? thank you
I didn't trade the breakout only. I try to fine tune my trading by trade the breakout such as H1 or H4 in a lower TF 15m with the condition we are in the major trend, and I find it quite efficient.
Anyway, if you are comparing trade the "breakout" or "retest", I will definitely encourage you go for "retest", since it can enable you to take every trade with lower risk.
Btw, I now try to setup this thread as a thread to achieve 2 thing:
1) education on drawing TL, recognizing SR zone, candlestick and etc.
2) provide the direction / big picture of some currency pair.
thanks a lot for the light, retest is much better.
Quote:
Originally Posted by mphpopular
I didn't trade the breakout only. I try to fine tune my trading by trade the breakout such as H1 or H4 in a lower TF 15m with the condition we are in the major trend, and I find it quite efficient.
Anyway, if you are comparing trade the "breakout" or "retest", I will definitely encourage you go for "retest", since it can enable you to take every trade with lower risk and higher winning percentage.
Btw, I now try to setup this thread as a thread to achieve 2 thing:
1) education on drawing TL, recognizing SR zone, candlestick and etc.
2) provide the direction / big picture of some currency pair.
thanks a lot for the light, retest is much better.
I think I mistype something, the higher win ratio is the magical ma. But "retest" method is lower risk and much easier as i concern. Sorry for the misleading.
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