DislikedHi Neytiri, A good entry point you have chosen... but little but confused with ur entry point, don't mistaken me. It's about my knowledge not about ur system.. U take a entry based on fakeout, even though there is no second confirm signal and more ever the first fake out not that much value and it has lot of traffic also. Its clearly shows on your analysis skill and hope of this system too... can u tell how u chose this point and how the main key factors played here. 1. Initial fakeout 2.single fakeout bar in lower time frame with confirmation...Ignored
My mistake - I should not have mentioned "initial fakeout" because it gives the reader an impression that the fakeout played a role in making my entry.
I did not make an entry when the fakeout occurred mainly because I did not see any price action signal, even on lower time frames. So the initial fakeout was a pass to me. However, after some time price returned back to the LLS and formed a pinbar. That was the signal for entry.