These are excellent questions CFX. These are pure PA trades. I have not checked out what was happening on the M15 chart with that 1st green candle that poked through the resistence line, but hopefully watching that chart would have kept us out of a long trade there. Centainly the next red candle on the H1 chart would have done so.
These kinds of trades are alot of fun...but they must be watched and there should not be any preconceived ideas of taking a set number of pips...get in, get out, get in, get out.....And sooner or later, as today, PA will continue in a direction and just go flying past that R/S line. Hopefully, we will be prepared for that too.
These kinds of trades are alot of fun...but they must be watched and there should not be any preconceived ideas of taking a set number of pips...get in, get out, get in, get out.....And sooner or later, as today, PA will continue in a direction and just go flying past that R/S line. Hopefully, we will be prepared for that too.