DislikedMy trade:
Short in at #10 with a S/L of 15 and a TP at 20.
There's no change in price level at #11 and though volume looks a little flat with #10,11 the price in #11 is breaking away short, so I'm still short and my S/L is moved down 5 (10) my TP is increased to 25. That's a 10:25 loss/profit ratio....I like these.
My short pays off in #12, and I grab 25 pips because my TP was hit. If I had a chance, I'd move my S/L to 0.
Wait for the new price level to form.
Repeat.Ignored
Great Spudfyre, I`m grateful for your teaching.
Cheers
Waez