A viable strategy?
Newbie here
When market conditions suggest that a strong bearish / bullish breakout through could be happening(but odds are 50/50), is the strategy exposed in this chart viable? Short and long positions would be simultaneously set up to be triggered only if price reaches the set treshold
Buy positions would be set far enough from current level to avoid irrelevant market moves, and exits set below major resistance levels.
Additionaly, trail stops could be triggered to preserve gains when price reaches break even point
Any thought?
When market conditions suggest that a strong bearish / bullish breakout through could be happening(but odds are 50/50), is the strategy exposed in this chart viable? Short and long positions would be simultaneously set up to be triggered only if price reaches the set treshold
Buy positions would be set far enough from current level to avoid irrelevant market moves, and exits set below major resistance levels.
Additionaly, trail stops could be triggered to preserve gains when price reaches break even point
Any thought?
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