DislikedHello Drewas, thanks for sharing your system. I tested it for a couple of weeks, did mistakes, hopefully learned from them to become more efficient. But there are still mistakes that I cannot explan like this one : {image} Could you please explain me how I could have prevent this kind of failure ? I feel like there is something that I am not monitoring properly. Thanks.Ignored
Hi just want to comment that trading should be looked upon not just mechanical way but holistic approach.What do I mean by this?
Ok overall trend on Aussie has been down for months.That is dominate trend.Within this dominate trade we got corrective waves or retracement because price rarely goes flat down or up.
You happened to buy top of the move close where supply is waiting with their limit shorts.
So understanding basic concept of Price Action will help you to discriminate when to take a trade irregardless what indicators tell you.Indicators only add slight edge but you are the driver and you make the call.
Trading is subjective and that is why identical trading system can be both profitable and unprofitable depending how one applies it.
Anyway good luck.I am going to upload nice S/R pdf for you to read.It will help you.
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BRV_S+R_Trading.pdf
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In trading, you have to be defensive and aggressive at the same time