DislikedI don't know the answer and unfortunately I am reading this thread in a big hurry. I promise I will read again later more carefully because it is very interesting.
This is my take on the answer. No, a bounce from the resistance it is not reason enough to get out. Maybe the stop should be tightened there but that's it. Now, if the price tries again to take out that resistance and fails then get out of there and wait for another opportunity.Ignored
Euro is currently at 1.2400/1.2500, (Correction) 12 months ago it was at 1.4800. Euro came under pressure (correction) several months ago. If one had followed fundamentals and waited even few hundred pips to get the confirmation, would still have made a fortune with TP unknown and SL above 1.5000.
Since we wait, don't need repeated attempts. Small losses on repeated attempts take away the charm.
Jesse has countless times mentioned that if it was not wise to remain long, it was equally unwise not to go short. That confirms he rode a trend from start to finish without making repeated attempts.
The Thief of Wall Street