DislikedDid a demo trade on Gold. Quick trade on M1, so didn't do too much analysis, only knew on daily TF, gold sliding. GRRR, left ALOT on the table as i was stopped out after moved trade to BE after partial. Pls critic if I have moved my stop too early? Initial stop was just above top of blue zone.
Just to add: I find that find S/D zone near S/R is very effective, works better than just S/D alone.Ignored
Having the confidence to let them run to TG area comes with practice, especially in the lightening quick world of M1/M5. Price coming back at you takes on a whole new meaning in this TF.
Often, price will come back to retest your zone, observing how it does it is key and in your trade there would have been nothing wrong with taking 1/2 off and keeping SL just above zone thereby allowing trade to come and retest and not get stopped out. the 1/2 off allows the trade to go negative a little and test your zone once more.
Red uses this technique in some of his trades posted in PIE.
Hope that makes sense.