1st chart - the triangle I've identified as it was forming. Just before the false breakout. Luckily I didn't trade the false breakout because I was waiting for confirmation and it didn't appear.
2nd chart - the breakout, pullback and the move away again. That was the entry point. I've missed it because I am busy with another trade using Phillip's combo system.
Lesson learned - once you've identified a price pattern, follow it closely. On this 5min system, things can change very quickly.
2nd chart - the breakout, pullback and the move away again. That was the entry point. I've missed it because I am busy with another trade using Phillip's combo system.
Lesson learned - once you've identified a price pattern, follow it closely. On this 5min system, things can change very quickly.
Willem
Forex recipe for success = Patience, discipline & hard work.