Nothing is 100%, but a TL (third) touch into supply or demand is about as simple as it gets trading naked. Odds are about 80% I'd say and allows for a decent r/r.
d
d
Trading with Deadly Accuracy
- #2,662
- May 17, 2013 10:30am May 17, 2013 10:30am
This did not get the result I was anticipating... that's trading... but it does bring up a valuable point about how to think. If I was in combat and had to do something 'risky', one of the questions I would ask myself is 'who's got my back'? That is, if at all possible, I would want something/someone providing 'back up' in case I got stuck in an undesirable situation. It does not mean I am 'safe', but certainly 'safer'.
When ever you place a trade, you can think... 'who's got my back'?
That is, if the trade does not go to plan, is there something providing 'back up' in case I get stuck in an undesirable situation?
Its an excellent question to ask yourself before you pull the trigger....
1 minute
daily
weekly
time to engage escape plan
bugger... shes wants to play tough
so be it... at least the weekly TL 'did it's job'
and out at BE... live to trade another day...
d
When ever you place a trade, you can think... 'who's got my back'?
That is, if the trade does not go to plan, is there something providing 'back up' in case I get stuck in an undesirable situation?
Its an excellent question to ask yourself before you pull the trigger....
1 minute
daily
weekly
time to engage escape plan
bugger... shes wants to play tough
so be it... at least the weekly TL 'did it's job'
and out at BE... live to trade another day...
d
- #2,671
- Jul 12, 2013 9:49pm Jul 12, 2013 9:49pm
- Joined May 2009 | Status: step into liquid | 3,460 Posts
- #2,676
- Aug 16, 2013 2:56am Aug 16, 2013 2:56am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place