Yes. Even if I have a limit order to buy or sell, depending which way the triagle breaks out, my order could get filled much higher or lower than I want due to slippage. Or if already in a trade I could get stopped out at much lower or higher or lower than wanted. Price will breakout, but tends to pullback for an entry into the direction of the trend.
>> Price will break out, but tends to pullback for an entry into the direction of the trend.
After breakout, there will be a pullback for you to enter with the direction of breakout, right? After then, how far do you see to move that direction usually?
No, I have not had a loss due to slippage, prefer to catch the middle of a trend than gamble and try to call top or bottom. I use good risk management in my trading so I if wrong I will not lose as much.
At GMT + 2, 12:00, this is strange. US Gov. partial shut down and US dollar Index fell but Gold.USD is falling... hit by the resistance and fall - So difficult especially when co-related data are not working together... ><