{quote} Nik do you have any other filters to enter a trade? yes your right. i was kicking my teeth. I never try profit from a recovery trade but i saw a huge quick accelaration in profit and it quickly dissappeared and never come back again.
{quote} np Abade, i agree we need to learn a lot from these types of situations to remain successful this is the price action one bar before the blowout {image} some would of entered short on the last peak with very small profit potential as it falls just short of ema9, and then: {image} unless you were caught in this live, you will never know what your actions would be, like mike tyson once said, we all have a plan until we get punched in the face!
Another filter is to not trade during US elections, there is too much volatility in it.
Getting punched by Mike Tyson, that's one scary thought
{quote} You would have to trade Dax on the M5 or M15 to beat the spread in order for the strategy to make sense. I would use some form of alerts send to my phone and execute trades from there rather than watch the screen because it can be like watching paint dry.
. It's all hindsight, but the filter works in many other breakouts as well! I hope it's not confusing:
