Pitfalls of breakout strategies
It has become number one!
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Finally topped the e-book department in the rankings!
So, good evening!
This is Masashi.
TodayA breakout to win?is what I’ll talk about.
Trading is done to win, but
if you try to apply it
to each individual trade
you’ll end up with repeated failuresas a result.
In pursuit ofcertainty,
you tend to enter while the move is already extending
without a proper plan,
and that’s whereplanningis essential.
If you don’t, a small wild move can wipe you out.
If you want to enter on a breakout
you must take profits and stop losses quite wideas well,
and you must decide when to act if the breakout turns out to be a fake.
breakout techniques look straightforward, so they’re often adopted, but
not only entry,you must also clearly define exitto avoid problems.
That’s something that isn’t talked about enough.
But…
Next time, I’ll talk about the continuation of this topic^^
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↓ A guide to the correct direction
https://www.gogojungle.co.jp/tools/ebooks/50406
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If you feel like giving up midway, reread the manual’s bonuses.
The number of successful traders is growing.
If you haven’t yet, please take this opportunity to get it^^
☆ Today’s GOLD outlook ☆
Today in New York, rather than a sharp rise, I think it will end with a gradual decline rather than breaking out of the range.
The online community is in the left menu!
I’ve written quite a bit there, and past posts should be helpful as well ^^
https://www.gogojungle.co.jp/tools/ebooks/50406
Now, here is yesterday’s history list^^
When price movement becomes larger, some adjustments are necessary as well.
Though it happened to work out by chance, lol
■8/29
Record
2 trades, 2 wins +127 pips (+52 / +75)
Trading method ③
Here it wasn’t trading method ①, but ③.
It dropped further after selling, but I closed as usual before the data release.
Trading method ③
As I predicted yesterday,
since it dropped sharply, I expected a rebound, so
I captured the rise with trading method ③.
Strictly speaking it was a little early, but I just jumped in, haha
Profit-taking
It was nearing sleep time, so I set the limit order and closed there.
Woke up to find it finished lol
Day trading is about real-time decision making,
so there is a GOLD special medicine community you can join.
If you want to participate, have a look!
https://www.gogojungle.co.jp/tools/ebooks/50406
If there are any questions, feel free to contact me anytime!
Well thensee you next timelooking forward to it!
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GOLD special medicine purchasersExclusive communitywhere I post content.
I’m adding explanations like this.
People who bought it can trade like me and end up at the same pointsso
Reproducibility is perfect!
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https://www.gogojungle.co.jp/tools/ebooks/50406
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↓ Here is Scalping
https://www.gogojungle.co.jp/tools/ebooks/50868
If you want to first build up your capital, scalping is the best option.
If you buy scalping, please email me separately and I’ll answer unlimited questions about the manual’s content^^
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