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RE: Naked Trading, anatomy of a chart

in #trading6 years ago

Interesting ! Remember Gamblers Fallacy though, because a pattern happened once doesn't mean it'll happen again.

At any single point there's a 50/50 chance the price will go either way. All you can do is stack the odds in your favour and manage the trade well, win or lose.

They're definately some sellers in the (blue area) so it might be worth a cheeky sell order around there somewhere. But... it still looks like an uptrend overall so probably woudn't go mad on the stop level being too far away.