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Levi_Chiou

Most indicators are nonesense.

Short
Bitcoin (PEPPERSTONE:BTCUSD)  
Levi_Chiou Updated   
PEPPERSTONE:BTCUSD   Bitcoin
Trend Analysis
2
3
trendanalysis
RSI, MACD... Those are nonesense. Who could guarantee the momentum won't fade? It's a stupid guessing game.
Now, see the power of statistics.
Comment:
Stats shows that price is overestimated in short-term and is ranging from long-term perspective. Fading it is good. Stop loss when long-term data shows upside developing moves. Take profit when price comes to the lower bound of long-term ranging structure.
Comment:
See? Statistics rules!
Comment:
Time to take partial profits and move SL to B/E !
Comment:
Correct: B/E-10
Comment:
My B/E-10 has been touched. Good trade!
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