DislikedMy mistake has been looking for PA then trying to fit the identified price action to the other conditions. Given the above, that now seems completely backwards.Ignored
I cannot stress this part enough........you should feel good about understanding this! Don't look for price action then find reasons to make it fit (i.e. force confluence). Mark areas/pivots/big round numbers and let price come to you and then know how you are going to play it ahead of time - will you take a reversal if price action dictates? Will you play a break through the area? Will you play a retracement after the break?
Have your plan and just react vs. chasing shadows. My favorite set-ups are the kind that don't require drawing any lines, fibs or extra effort to see. As an example, lets say a currency breaks through a nice round number advances for a few days and them retraces for the first time to that area, prints a perfect pin that just happens to be at a 50% fib/pivot. When you see these you don't even have to put a line of the chart, you can eyeball all that confluence like it is holding a neon sign asking to be traded.
Nathan