DislikedDL,
May I ask how do you determine the amount of retracement you'd like to see before you enter? Do you just need to see a stall at a significant fib?
That was some precise trading. great RR. Much better than what I would have done (enter at the break and possibly add later).Ignored
i like to look for price to respect a fib then start going the right direction, or a nice candle pattern like a double bottom.... the thing is with a stop just below you are risking very small pips so overall you will always win.. as long as you stick to your plan and trade that plan
you can even wait for it to stop on a fib, then go back your way and cross the next fib.... enter there?..... i know the hardest thing to do is go long when price is going short....
practice and it becomes easier