PAs and Support/Resistance Journal

Hi everyone, I'm going with this method which is pretty much mechanical to me. Stop losses are low on this one and position sizes are relatively large compared to other systems. I have been influenced by Peter and his system(DIBs) a while ago but I'm going to do his method with a support/resistance assistance to help make out those many losses that I have been receiving.

 

1. My pairs are GBP/USD and EUR/USD only.
2. I'm looking for trends and breakouts. Mainly breakouts.
3. If I see an IB near my support/resistance, I will take it religiously. That is my main price action I'm looking for.
4. DBHLC and DBLHC are also on my watchlist.
5. Everything is on 1 hr TF.

Right now, I'm looking at EUR/USD. I'm seeing an ascending wedge and I'm waiting for price to come back down to my support line. When it reaches there, I will wait for an IB or any other price action that signals a breakout.

Well, I missed this trade. It probably happened when I was sleeping but there is always next time! There was a pin bar next to my support so that signaled the confirmation.

Never mind that sell stop. That was for my other system.