But ultimately the best traders enter off long term S/R areas and Target S/R off the same charts. But if and when those targets get a clsoe past them then we would look for the next S/R area .
It all comes down to what we have been going over and over . S/R - PPA lines are the primary key to trading. Those are the areas commercial traders are concerned with. Consolidation between areas normally continues to the next area . Consolidation at a area MAY reverse, but also can break then retest. the best entry is the reversal as close to YOUR STOP as possible. Then if it breaks. Close and catch the retest.
That is also a way to manage your trades.
It all comes down to what we have been going over and over . S/R - PPA lines are the primary key to trading. Those are the areas commercial traders are concerned with. Consolidation between areas normally continues to the next area . Consolidation at a area MAY reverse, but also can break then retest. the best entry is the reversal as close to YOUR STOP as possible. Then if it breaks. Close and catch the retest.
That is also a way to manage your trades.
Good Trading To All ; Ken Lee