However, on no account exit the market until definitive evidence of trend termination has occurred.
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If it comes up heads you win 3% and if it comes up tails you lose 2%.
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This new buying takes prices up and away from the trend line and the further it moves up the more impressed the uncommitted become and more buyers come into the market.
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In up trends, every time price drops to the up trend line and then resume their advance, the trend line has acted as support to the price up trend.
The channel on a 4-hour chart may be different from that on another time period.
Always use a stop loss when trading; it can be too easy for a $300 loss to become a $5000 loss.