Disliked{quote} Good question. I noticed that the corrective move up was very strong (see how it crossed the M5 12 with no problem). In these cases I expect the higher TF confluences to be hit. The confluence of M15 35/50, H1 10 and DP was a clear area to be hit next, so I patiently waited for that and I entered when it hesitated there with the M5 9:35 GMT candle. My SL was above the H4 10 area, initially I thought price would check that also.Ignored
Thanks for explaining! Food for thought, I have to learn how to tell the strong moves up where it is likely to bounces from those where it doesn't bounce. The move up has to be strong by definition, otherwise the two bar rule is violated. I guess this is one of the seemingly minor details separating very successful traders (like you) from the rest of the herd (me) and can only be acquired by lots of experience / screen time. If there were set rules to this dilemma (wark move / strong move; bounce / not bounce), this would be the "holy grail" so many are looking for.