G'day Guys,
The trading is not about mechanical entries/exits like some robots do; for me it's about reading and understanding the price action and act accordingly.
... it's (aggressive) entry based on reversal break-out of the previous swing low (after a fake break-out to down-side) ...
... very often New York open is producing false signal (usually pushing the price down for no real reason) so, knowing this ..., I didn't wont to follow that move ...
... partially right ..., 'cos when scalping of course; I don't use any of the typical techniques for in a range trade or a range break-out,
it's all reduced to two simple set-ups: 1-2-3 break-out and/or fractal reversal break-out (that's really plenty)
re: other part of the question ... well, there where some clean 1-2-3 set-ups and I did use them to enter my trades,
otherwise the entry was by the fractal reversal, which is quicker but involves more risk ...
I hope that all this above explains and helps to understand ...
The trading is not about mechanical entries/exits like some robots do; for me it's about reading and understanding the price action and act accordingly.
on which criteria was the entry that gave you +55 pips based?
could you explain why you did not trade the break short, on the fractal at 1.4258, but you then traded that same point going long (your +55)?
your entries today were range breakout and reversals, there weren't any good 1,2,3 setups; am I right?
it's all reduced to two simple set-ups: 1-2-3 break-out and/or fractal reversal break-out (that's really plenty)
re: other part of the question ... well, there where some clean 1-2-3 set-ups and I did use them to enter my trades,
otherwise the entry was by the fractal reversal, which is quicker but involves more risk ...
I hope that all this above explains and helps to understand ...
