I am not going to answer the question directly, because an experienced trader would know how to trade a good signal.
My advice is this: If you are a beginner, always trade with the trend and don't forget that there are many timeframes and each may have a different overall trend. It helps a beginner if these trends are all synchronised. So, if the weekly trend is up and the daily trend is up, you might expect to trade the daily trend long. Makes sense?
Generally speaking, more experienced traders take fewer trades. Now why would that be?
Thank you for the good advise. Is it a sound strategy if price has broken S or R I open a position in that direction with stop loss 20 pips behind S or R. Only in case the trend is favorable in the same and the higher timeframe. In one hour chart. In this strategy I wait till price really breaks the S or R before opening position
You sound like a newbie efiler, the irony is that many newbies gravitate towards taking positions against prevailing sentiment, I believe it's because the market is good at using deception & those typically vulnerable to that deception are those that are new to this game, for example, if the market is moving down, often times the market makes them feel or behave as if they're going to miss out on the world's biggest lottery that the world has ever seen by buying the market repeatedly, hoping that the market turns upward, when in reality the market may not be close to turning in the opposite direction in a dramatic way.
That's the reason that many newbies expend great energy, effort & time accomplishing very little. Their focus is on the tail that wags the dog principle, instead of the dog that wags the tail, which is the domain of experienced or educated traders.
The only suitable situation for opening a trade with trend is that the present trend, last timeframe trend and next timeframe trend all be in the direction of the trade. Otherwise the trade is invalid.
By golly, i believe you hit the nail on the head efiler, i believe that is correct, you've just won the grand prize!!!! When markets move down for example, the sellers repeatedly deny the buyers from making visible progress with great regularity, it means that with minimal effort a trader who is short the market spends much of his time watching his account grow while the trader that is(repeatedly buying) not understanding that phenomenon spends much of his time watching his account move towards 0.00 with great regularity, which does not typically result in a grand prize, to be served served on a silver platter.