... But when fading S/R, you have to consider the trade-off between the 'Quality' of entry signals and the cost of that 'Quality' - at which point do you consider the price action from the S/R to have actually bounced? If you are quick to enter you will pick up the majority of the profits if it works out and risk little, but often get into trades that blow through your stops as price breaks out. If you wait for greater confirmation, then you should have a better hit rate, but capture less profits, risk more, and have to sit through some uncomfortable...
This is an interesting idea about the TL breaks. Ok, I'll tell you where price is going, you tell me where to enter. Deal?
