Remember also even if i can , i dont want to register this thought in my mind "i am completely sure price will do this and that". Because it has did severe damage to me before several years before.
What i know is i have an edge and my probability will increase if the FO happens when retailer under severe pain then only i want to get in.when there is no much room i enter at QM levels. But my SL is well below the origin.
When my SL hit , i happily trade other opportunities and completely independent of what happened earlier.
There is also another way to put the SL (which is the smaller scale FL just below higher scale FL and when higher scale FL engulf it reverse a bit then i exit - That's another lesson not needed now).
This method gives us very high RR. So when we are taken out no matter how many times but you end up in profit . Thats what i advise everyone here.
Dont be overconfident even this method works 100%. Every next trade you take is completely independent of your previous trade- Mark Douglas, if that is the case then your previous winner and next trade can be still a loser . When we have that mindset , then success in near.
Sorry i had to talk a lot , because when i saw this wording complete sure , i know where you are going.
What i know is i have an edge and my probability will increase if the FO happens when retailer under severe pain then only i want to get in.when there is no much room i enter at QM levels. But my SL is well below the origin.
When my SL hit , i happily trade other opportunities and completely independent of what happened earlier.
There is also another way to put the SL (which is the smaller scale FL just below higher scale FL and when higher scale FL engulf it reverse a bit then i exit - That's another lesson not needed now).
This method gives us very high RR. So when we are taken out no matter how many times but you end up in profit . Thats what i advise everyone here.
Dont be overconfident even this method works 100%. Every next trade you take is completely independent of your previous trade- Mark Douglas, if that is the case then your previous winner and next trade can be still a loser . When we have that mindset , then success in near.
Sorry i had to talk a lot , because when i saw this wording complete sure , i know where you are going.
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