DislikedHey P
This is my exact chart I had already marked up for someone else prior to this trade executing. The blue are the trouble areas. First one was hit and stopped right there. Is it wrong to hold a trade? No. It's more important to understand where these areas are and then react accordingly. I personally use information such as the size of a bar to decide to hold or not through these areas. This is one such size bar that would put me in the take profit mode. Simply for my style that is.
Hope that helps
MikeIgnored
I have been looking for some breakout patterns today and found this lovely exotic pair EURSEK. It was squeezing during the last month, and it is with the trend. In addition, there are no special trouble areas in the way, so it can catch a good run.
My only concern is that divergence. Do you skip good setups when you have that kind of divergence at extreme low? looking scary to me
By the way, boring day for me....no good enough trade opportunities...patient, discipline, patient, discipline...
Ben