Disliked{quote} Thx Zoltan for pointing it out. So this is an example of not deleting lines given what happened on 3 January 19. So in any flash crash and pull back we still consider the wiped out area as a liquidity gap e keep the targets alive? thx DiegoIgnored
while lower timeframe levels are usually insignificant enough, and most of the time a M15 or even a H1 target can be discarded when come into play,
i believe from the higher timeframes, levels as week's, month's or years highs and lows worth to handle differently.
in this instant for GJ, if the flash crush as a "fake event" ignored for a moment, the next obvious significant level on D1/W1 view is certainly the 2017 low.
and low and behold, the price gravitated there,
with a quick move thrusted thru it just about 4-5 pips, and reversed a minute later.
somehow the same time the H1 TF suggested that GJ is in the pressure zone, the M15 suggested very much the same,
and the M1 TMA happened to agree with all the above too.
in my vocabulary it is almost as good a trade as it gets, and certainly something i consider to be a high probability entry.
(not a small part bcos the other filters - George posted that list before- agreeing with the above, too).
the trade worked out well.
as for the exit, everyone can decide to themselves what suit them best,
for me, i am a scalper, so i tend to leave lots of pips on the table, and was the case here, too.
but it is not the point, bcos what matters i got what i came for, ie. a very decent profit out from this setup,
and ready to see if the day present something else later.
happy trading!
Zoltan
there is always, always another trade!!
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