Disliked{quote} Yep makes perfect sense as usual Mr V. but also its funny I've sat there so many times and told myself "It can't go any higher it has to turn around soon" Then guess what?? It soars on ahead for the whole day and even worst I've tried to catch the reversal and been smashed to bits!! Ha Ha guess thats what makes a market??? Only thing I like about this is GBPCHF has just broken new grounds on daily so this could be the start of a Daily breakout and a massive move up so guess I'm thinking is the risk worth the possible reward??? At...Ignored
What I will say is that I'm not looking for every trade. The first trade is the best, OK from 1 min we know there are several good waves but we still want to be in on the lower risk area. If you were up 6% for the session (or whatever) from some of the initial moves that were LOW risk in terms of the system (price broke above immediate range, system signals confirmed, good abc's, SW confirming etc etc) do you carry on or say that's it for now. Bearing in mind sometimes all that's needed is an hour or so wait for Fred to come back from his tea break.