Directionless on Direction :
Are we predicting the directions here ? Absolutely not, then that arrow pointing down ?! Hmm, As Market has went up earlier when it was in bull run, its ideal expectation that , in a downside move it will move further down ( Check Left n Right Consolidation ) . All fine if it breaks downside & moves as we wished, but what if it turns out to be false one ?! Well, You Know how we trade breakouts, Just reverse the trade, bcos the otherside will make up the loss on false breakout.
Dictating the Direction :
But wait ! If I use some other tools and predict direction of breakout, I can avoid false break, right ?! Hmm, Yes you can, it protects your capital on false breakout, re-think whether those same tools right in predicting direction every-instant ? Nope, Some fails, Some Wins. Ah !
So that's why we go with whichever side breakout logic & Reverse. Want an Interesting tidbit ?!
Whether you Dictate the Direction or Directionless on Direction : Your Success Rate won't vary much.
InsiderB
Are we predicting the directions here ? Absolutely not, then that arrow pointing down ?! Hmm, As Market has went up earlier when it was in bull run, its ideal expectation that , in a downside move it will move further down ( Check Left n Right Consolidation ) . All fine if it breaks downside & moves as we wished, but what if it turns out to be false one ?! Well, You Know how we trade breakouts, Just reverse the trade, bcos the otherside will make up the loss on false breakout.
Dictating the Direction :
But wait ! If I use some other tools and predict direction of breakout, I can avoid false break, right ?! Hmm, Yes you can, it protects your capital on false breakout, re-think whether those same tools right in predicting direction every-instant ? Nope, Some fails, Some Wins. Ah !
So that's why we go with whichever side breakout logic & Reverse. Want an Interesting tidbit ?!
Whether you Dictate the Direction or Directionless on Direction : Your Success Rate won't vary much.
InsiderB
