thanks for the great thread. I read all pages and i am ready to start practicing it. I am new to your rules of how to qualify a setup, but not to the patterns you are trading. I hope to improve the quality of my setups by extracting information from your posts.
I also noticed some parabolic crash on GJ today. What i did is, i measured the distance compared to time to figure out how the move speeded up and exhausted creating parabolic candle.
Would this qualify as parabolic crash?
I wont post much successful trades, as i know that they wont help anyone, and from losers we learned most. I hope it is ok for you. I wont post also frequently.
One loser also today was on AUDNZD. It had good squeeze (condension) down with good TL, took out all lows nearby and produced strong inital move up. So i entered
At the end of the day price went to target but took me out for 5 pips
Was my SL too tight or setup was bad?
Thanks
toti