Dislikedyou did not follow the rules for the 1h x-man's strategy right? you need to wait for a pull back candleIgnored
You are referring to my posted chart on post 3063 on page 205 right? You asked me if I followed the rules for my trade. Well, looking at my chart there wasn't a pullback bar, in fact it was rather late as well if you look at the TDI, (that I completely ignore when trading as it is only "training wheels if you have read the thread far enough to find X-Man's posts on it. Just a reminder if you haven't PM me if you want details on that plese). What this trade does show is this: a possible trend turnaround with enought distance to cover spread and a small profit if it doesn't break through the resistance quickly and to my liking. I might also add that you have to trade the 15 Minute charts a little differently than the 1H and that is also the case, but price action is the king in standard S3 and the 15M version that a few follow (master the 1H method first before trying this one if interested). Price was also not "lollygagging on up" but climbing rapidly suggesting momentum. Lastly, I made sure that I was in a break even deal before resistance was hit thus not losing out if it did bounce. On another note: you can't just sit and wait for the perfect entry candle with the perfect pullback. They don't happen often enough. I think that even if this was on the hourly chart it would prove to be a good trade considering a directionless market that was up and down all night. Thank you for your criticism, it keeps me on my toes and made me re-examine the trade. Everyone should welcome this type of question as it leads to improvement. If anyone has any questions, improvements, or even polite barbs, I welcome them as my teachers. On another note here is a song that I think every trader should see. Hope you like it.
"IN CASH WE TRUST"