Hey Novice,
I believe it was you who posted a chart earlier today on the other thread of a trade you took that stopped you out. I know Sho mentioned that entry was ok and that's why we have stops. I think you know what im talking about, i usually stay away from a trade set up like that not becuase it wouldn't be a good entry but more so becuase i feel there are better setups than that. I usually just look for the pairs where the channels are at an angle, that way i can clearly see the impulsive/corrective waves, and then my chances increase. Just what i do. I would say just doing this will prob cut down on some negative trades. just what works for me, but do what your comfortable with.
I believe it was you who posted a chart earlier today on the other thread of a trade you took that stopped you out. I know Sho mentioned that entry was ok and that's why we have stops. I think you know what im talking about, i usually stay away from a trade set up like that not becuase it wouldn't be a good entry but more so becuase i feel there are better setups than that. I usually just look for the pairs where the channels are at an angle, that way i can clearly see the impulsive/corrective waves, and then my chances increase. Just what i do. I would say just doing this will prob cut down on some negative trades. just what works for me, but do what your comfortable with.