I missed this one but this is an ideal entry for me. There is a double bottom shown by the white arrows, 2nd the TL is broken by two succesive candles
Inspiration towards a more objective focused trading career 3 replies
All Majors & Gold, Focused & Censored! 386 replies
Keeping focused with demo account (Price action & Wyckoff) 10 replies
rks's thoughts, processes and trades (focused mainly on GU and EU) 3 replies
DislikedI use a stop that is determined by the swing high or low. if the swing is to big say over 30 pips I will use a static stop of 30 but I usually do no let it get to the SL. Watch the price look for something that says it is time to get out of it. Say you have a TL and it gets broken you enter and price gets right back above it and closes and holds, this could be a sign that this trade is gonna fail. So at this point (theoretically)your -10 you can take the loss and move on and make it back on the next 1-2 trades, or you can let it run to your TP or...Ignored
DislikedGood Job Kodflakes.
I like your resistance lines, but the problem I have with them is that
I do not find a good rule to drawn them consistently. I would like to have a good rule that shows how to draw good lines.Ignored
DislikedThis is something that I have been eyeing for awhile. Now finding these areas of small consolidation...Ignored