DislikedHow long did you hold your positions?
Did you trade during news?
Sorry about asking too many questions. I guess I'm obsessed.
Help is greatly appreciated!
Ignored
@RKP: Yes I waited for the news - because beforehand the market was ranging - and for a beginner like me a ranging market is very very difficult to trade. So far I have noticed that news have the power to start a trend and then it is good to follow that trend. As already stated and analysed before the BN 1.22000 is a very strong S/R Line at the moment.
At the moment I am trying to identify S/R Lines and how BN attract the price action (influence them etc.). So every morning I draw my 'own' S/R lines in the charts (blue lines) and then I am looking to identify a break out to take my trade.
However - it is very important - that i basically just follow the basic setup rules (post 1 in this thread) to trigger a trade.
Here the chart: