DislikedWell, that CHF/JPY trade didn't work out well for me. I got nicked in by two pips and then price reversed and took me out. And now I'm watching it finally making the move down without me. From your experience on trades like these, do you think that 10 pips buffer is not enough, should I use 15?Ignored
There are many things to be learn from this one. Number 1 is what Mike and James16, and many other would say. . .pass on this one . . . even if it works out. Its just not the ideal A+ trade that we are looking for. BEOB is in a consolidation , not at a swing high. . . next.
With that said, the other things would be the time of day. . .wait until london, No hard break, Price not confirming the break or other levels, etc.
Indicators show the past. Price Action "Indicates" the future.