Use the forextester or other backtesting means to go over and over and over how trades fail, what the PA is prior to them failing, etc.
Soon enough, you'll simply "know" when price doesn't look right, when it looks like it's going to fail.
I also think it depends on your level. A 1hr/4hr level I may close early if price looks to be pushing through...daily I'll negate strong 1hr closes and allow the level room to breath.
Soon enough, you'll simply "know" when price doesn't look right, when it looks like it's going to fail.
I also think it depends on your level. A 1hr/4hr level I may close early if price looks to be pushing through...daily I'll negate strong 1hr closes and allow the level room to breath.
DislikedWell played Cable SFP earlier for +55 which was good. Doubled my (small) size and recouped losses on failed RRs on EU + Cable yesterday so have actually ended the week slightly up which is good for the psyche!!
In glorious hindsight should I have taken these 2 RRs or not? They were probably not A+ but fitted the criteria for the strategy - good levels/retest etc. Ok the rounded shape was maybe not great so that is something to learn from and I believe TD rejected these setups. However I feel the real expertise and skill is to recognise fairly...Ignored