I just got out of this trade for +43p. Reasons for entry:
Price had bounced from Daily Pivot on H1 and then the H1 was sort of constraining the price. Then a strong upwards move on M15, followed by correction to the M15 EMA 10. I got in the trade too soon (so NOT a good entry by the rules), and it was NOT a 2-bar retrace. The best entry by Dance rules would have been one bar later the confluence of H1 10, and RN 1.6200. I still fight with myself sometimes for rushing in the trade. Anyway, the news favored the price and my TP was hit. I didn't wait for longer time since I don't trust the news so much. When I see that the first two minutes go in my direction I take the profit and I am out!!!
Price had bounced from Daily Pivot on H1 and then the H1 was sort of constraining the price. Then a strong upwards move on M15, followed by correction to the M15 EMA 10. I got in the trade too soon (so NOT a good entry by the rules), and it was NOT a 2-bar retrace. The best entry by Dance rules would have been one bar later the confluence of H1 10, and RN 1.6200. I still fight with myself sometimes for rushing in the trade. Anyway, the news favored the price and my TP was hit. I didn't wait for longer time since I don't trust the news so much. When I see that the first two minutes go in my direction I take the profit and I am out!!!