Thank you, JTee1, for your explanation, this helps very much. As I see now, you do not trade 30 min prior news / 10 to 15 min after news at all. Not only if the FF calender says that news is regarding to EUR or USD but also if news is regarding to other currencies such as CAD. And it is important to respect pivot levels and to learn patience Today I found one entry and it ended up as a winner because I did not move SL to BE. I entered after 30-40 pips down movement after a little retrace. It would be interesting to read what you think about this entry, was it to risky?
DislikedMarian
I try not to trade right into resistance or support. Again trade was by rules, but i would have been counting waves also, by my count you bought in wave 5 at Resistence. I let price break through resistance and wait to see if it will turn into support then a break of donchian. News and S&R have been my losers. I typically take 1 trade a day and go for 1 percent gain and then I'm done. As they say i wait for all the stars to align, I need a good setup no s&r level and if...Ignored