I think that this is a time to stress this point. With our system we want to trade AWAY from our DASR. If price refuses to play ball, we don't CHASE!!
I think that a really important thing to remember is that at all costs we have to protect our trading balance. If we don't take the trade we haven't lost anything!
Only ever take HIGH PROBABILITY - LOW RISK trades!!
And what I like about this system is because we are ONLY trading around the DASR, we can always set our SL on the OTHER SIDE of the DASR which is usually not more then 20 - 25 pips. Also what is great about trading away from the DASR, very often price action moves very quickly when it's going away from the DASR which means that we're in credit very quickly - no big draw-down!
rgds
I think that a really important thing to remember is that at all costs we have to protect our trading balance. If we don't take the trade we haven't lost anything!
Only ever take HIGH PROBABILITY - LOW RISK trades!!
And what I like about this system is because we are ONLY trading around the DASR, we can always set our SL on the OTHER SIDE of the DASR which is usually not more then 20 - 25 pips. Also what is great about trading away from the DASR, very often price action moves very quickly when it's going away from the DASR which means that we're in credit very quickly - no big draw-down!
rgds