Are you trading with increased lot sizes?? You had a couple of losses and then one winner adds 10% to your account........ Just curious.
Ignored
When i saw triple resistance as mentioned, I actually increase my lot size accordingly. That GBP trade you referred to I actually took a drawdown of ard 20pips. When market actually moved like this, it will usually continue in that direction, so scaling in later at fibs, which I will be doing mentioning earlier, would be a viable approach. So depending on market condition strategy will change accordingly.
So you will be shorting at those fibs with double-up lots? Is that what you mean?
Ignored
Yes, i am betting that the market is unlikely to rebound more than 50%, if i am wrong, i have to make sure that the gain that i made earlier is higher than the lost i prepare to take if it does.
A setup is a setup, one do not regret or wait to get in the market but to see where consolidation/breakout is and hence likelihood of continuation or reversal can be predicted. But having said that, false breakout are even better to trade if you ask me.
