DislikedI received two emails asking about trading for bigger targets and not flinching when a few H4 candles go against us. So allow me to randomly pick a pair and show you what has taken me years to learn/discipline myself to do. Look at AUDUSD Daily below. Let's say we noticed it bounced off of the BN (big number) of .8900 back on 8/5/2013. We should realize that the pair bouncing off that BN is significant and note that on our Daily chart. Okay so things happen over the next 13 days (maybe we traded the bounce, maybe not) but we see price approaching...Ignored
Thanks! Scott