Getting into the trade late?

This is a question for people using the Vegas 1hr method. Do you get into a trade late? For example if the price for GBP/USD is going down and has passed the tunnel and is now more than say 80 pips below the tunnel whould you still get into the trade on a short? or wait for reversal signals at the last fib line to go long?

Thanks.

If you miss the trade, you miss the trade. Funny thing about the forex, it will always happen again. Just wait for the next trade man.

good advice.......don't force the market......let it come to you.

it's hard, I know from experience......I'm much more patient than I used to be though.

yeah, but don't get in too early either.

There are plenty of "false" breaks, especially when entering off the tunnel break. Using the outer fib levels back towards the tunnel has helped alot.

Its just painful to watch all that profit go by and do nothing
But theres always tomorrow...

I can name a couple things in the forex more painful than "coulda's" and "Shoulda's", namely "wish I hadn'ta's"

Entering after the trade usually produces a pretty bad risk to reward ratio, don't let the psycology aspect of watching it go by get to you. We all miss trades. Promise.

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