Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them.
Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners.
As always, these patterns do not 'predict' - they create...
Loss? Nobody wants to hear about that. Right?
Am I saying this position is going to make money? Nope. I said it is an opportunity for a loss. It's a thing called a stop loss.
Why would I go there? Price is close to the 1D ATR line. If it goes south, I won't know how far. If it goes north, I control how much it'll take.
The best way to secure zero losses of...
This is on BTCUSD on the Daily time frame. I get right into my own psychology and explain what I'm feeling terms of FOMO.
I point out how the FOMO mentality causes people to lose big money. I've put on a paper trade, to explain this.
Note that ESMA and the NCA's have pointed out that:
... trading across different EU jurisdictions shows that 74-89% of...