[quote=Wakayama;3151979]this is the trade I took yesterday. GU=60,15,5. But failed. It hit hard SL (40pips).
Still I feel confused sometimes just like this one of yesterday. PA went well but in the working time it changed to range. So do you take EVERY signal or use other ideas to get more clear one? Of cause every signal here means to be filtered by the tools that mentioned in this system (pivot levels, 00 number, 2pips higher or lower) already. Although it seems like an old question...
At the time you took the trade a daily range of 305 pips was already done.
It is almost double the average daily range, it is not unusual for consolidation/pullback to happen after such a big trading range. Your entry was a few hours too late to catch the trend , you ended up trading the chop after the move was finished.
Still I feel confused sometimes just like this one of yesterday. PA went well but in the working time it changed to range. So do you take EVERY signal or use other ideas to get more clear one? Of cause every signal here means to be filtered by the tools that mentioned in this system (pivot levels, 00 number, 2pips higher or lower) already. Although it seems like an old question...
At the time you took the trade a daily range of 305 pips was already done.
It is almost double the average daily range, it is not unusual for consolidation/pullback to happen after such a big trading range. Your entry was a few hours too late to catch the trend , you ended up trading the chop after the move was finished.
" Never let the past hold the future to ransom "