Dislikedon a hindsight it's easy to see that I should have enter the trade earlier but at that time I have no confirmation that it wasn't a whipsaw, retrace back to the the previous level and then go the other way around. Is there another way to confirm whether the trend up will go up for at least 20 pips?Ignored
Do you not see that you are falling into the trap - you are doomed. You are looking for the Holy Grail. It does not exist. Trading is about probabilities, not certainties. If you need certainty, get a job (not that that is all that certain for anyone any longer). Do yourself another favor and read the 5 steps .pdf file in post one of this thread. And don't just read it or skim it, but study it. You need to learn those five steps and you need to then see yourself in them.
Also, why 20 pips? Why not 50? 80? 100? Another trap new traders fall into in thinking they need to make "just 20 pips a day" and all will be well. Trading does not work like that outside of the world of the blood sucking vendors who sell new traders a dream and while blowing a plume of smoke up their nether regions. I have a goal - I like to keep a five week trailing avergae of two hundred pips/profit per week. Some weeks I make 0 pips. Other weeks I make 500 pips. Overtime, those ups and downs seem to average 200-250 pips/ week over a trailing 5 week basis for me. If I have week where I only make 40 pips, what do I care? The next week or the week after that I'll probably hit for 600 pips. Do not start looking for 20 pips/day. Look to learn to trade based upon SonicR, make a trading plan based on SonicR that fits your personality, and then make it your goal to trade your plan, not trade for fixed pips. Trade a sound plan based upon what Sonic teaches in this thread and the profits will take care of themselves.