All of the cases are bearish, and in most cases the 5-min MACD is either sloping negatively or it is below zero. Often it is after a "Fake-Out", so should we have a wider stop-loss so that the "Fake-Out" does not fake us out? It is probably not the best way, because it is not really predictable to know how far should the stop-loss be placed in ordered not to be a victim of the "Fake-Out". What I might do is, let the regular stop-loss trigger if hit. Then pay attention to see if the next move is back to the original direction and enter back if it is reversing down.
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2 comments:
Great charts! Happy trading! Make money!
Thanks! I read your blog often too but I think comments are disabled.
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