Trader Vic Methods Of A Wall Street Master By Victor Sperandeopdf Extra Quality -

He emphasizes that you must protect your "stake" at all costs. Without capital, you cannot play the game. 4. Macro-Economic Understanding

The price action breaks through a valid, established trendline.

The reversal is officially confirmed when the price breaks below the low created by the initial trendline break (for a top) or above the high created by the initial break (for a bottom). This confirms a new sequence of lower highs and lower lows (or vice versa). The 2B Indicator: Exploiting Fakeouts