Disliked[..................] If you are trading this beast well, you are a skilled trader. [...]Ignored
DislikedThe E/J daily chart however, is less friendly and reminds me that whatever the outcome, one must respect it. For you, that means that selling and buying the range is wonderful, but you have to be prepared for the breakout at any time, and to maintain the ability to accept a change in technique to preserve all those profits you are racking up. For me it means that if the market tanks, I have to be prepared to abondon my long bias. The obvious rejection of prices below 127 is important, though I prefer that pair to remain above 129 and 131...
If I keep to the rules about targetting the next S/R level a breakout shouldn't hurt me should it? Okay I might miss the chance for some REAL profits, but putting a limit/stop on the SR level will protect me from anything too dreadful.
Thanks so much for the response. It was much appreciated and gives loads to things to think about. When added to your responses to the other posts today they make a big difference to the learning experience.