DislikedNomask, my annotations on your chart are correct? So you would have entered on the second green candle (as the first was an IB, no matter its body was bigger than previous candle) ?
Your visual SL is at the extreme of the candle marked "entry" correct?
Really liking this stuff. Thanks
http://i52.tinypic.com/jt2ids.jpgIgnored
I hope we have many examples for entries from Nomask, as in my experience price action is often not so reliable on the 5min ( = we need really A+ candles from the 4h - & see examples from leftcoaster ).
As in your chart above, I have drawn in my entry. There are always demand and supply levels ( all timeframes ) and I try to enter at demand levels only, ( or, see to the left of the chart - when price has returned to a demand level, gets tested and rises again. )
Hope I can make myself clear. Nomask plse correct me if there is an error. I am always open to comments and criticism.
Good trading to all.
________________
michael
Be like water.