
Predicting in Alternatives
rashadali Posted 10 Sep. in #Forex #Article Contest #Predictions #Dukat Contest #Traders PsychologyWe decide that because of natural disaster and Korea conflict will push GBP up for some time. But because of rate hikes, also political situation in UK GBP is under pressure and will fall soon.
You can see we have trend we have support and resistance zones. And view about price move. We make a buy here and wait. What happens? Cool! Price moves up.
Great! It moves as we predicted. We close our buy position and start selling. But price moves up and hits stop loss order. We sell again and again. We believe market shows fake breakout or ano…