Quote:
Originally Posted by greywolf238
tymen thanks for the explanation.
How do we know where the retracement peaks are?? That's the million dollar question. I'm not sure what the answer is, i look forward to yours.
We would definitely have to have a good idea of that, otherwise we would be adding to a losing position.  |
I've been wondering that too,
retrace or reversal? Million dollar question for sure!!
I guess that's what the stop loss is all about, even though you've added to the position, the second amount won't have lost as much as the first. Better than if you went all in at first entry.