Disliked{quote} Hello, Awaken. That's a good question. Would be great to hear other experienced dancers' opinion on this one. I was watching this setup too, but didn't take it. The main reasons for my decision - it was the 2nd touch/retracement (or even more if you count from the very beginning of the move, i.e. MA crossover), 35&50 were quite flat for my taste and wide apart*, and FOMC ahead (I agree with Sam, that market is usually slower before the big news and I've been tricked too many times during NFP/FOMC/ECB press conf. days, so I prefer to be very...Ignored
I'm still going thru the TOC and the thread but already taking trades and building experience.
You mentioned Touch trades and Bounce trades, what's the main diference between the two? Simple the time it takes to form the setup?
best regards and happy trading