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In a downward trend, the positive line rebound is usually 1 or 2, and no more than 3. Once more than 3 consecutive positive lines, it means that the trend is likely to reverse. Similarly, the negative line pullback in an upward trend is generally 1 or 2 negative lines, and no more than 3 consecutive negative lines.
Knowing how to stop loss is a basic requirement for every trader
Strictly controlling stop loss is a basic requirement for every trader. Whoever does better will succeed more easily. When I make an order, I try to control the loss of an order to 1-3% of the total funds.
Long and short tips: entry position and stop loss position!
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