Trading the "U" shaped pattern

I`m not a newbie, i know man, the volume in forex is the number of ticks/bar, and that is exactly what i use it for.

I use the volume as an indicator for volatility, more ticks in a bar = more struggle between bulls & bears, meaning that the initial breakout was indeed a volatility breakout.If the volume is low then the breakout wasnt really a breakout maybe just a trend or something, but since my pattern is a volatility breakout/pullback pattern, i must check the volatility.

Also an ATR can be used aswell, but i prefer the volume its much simple.

Close but not that close , if you guys read the instuctions on the 1st post, i clearly said why you should put the SL a few pips above the consolidations highest high, to not hit the SL.



I didnt resized or moved the SL ,and i will not, but it is important to know that a SL must not be so tight, yet not so wide neither.Since its a volatility breakout, if we lose then only a trend can make us lose, meaning that its irrational to put the SL too wide because we will lose more.But neither too thin because the consolidation can have nasty spikes which can stop us out, so myself probably will put in the USD/JPY case, a few pipettes above the highest high.

And the Takeprofit will be a few pips above the initial breakout candle, because the price might not pull back to the initial level but only close to it, the initial level was around 103.380, so i put my TP to 103.427

So my trade looks like this, still negative but wait for the pullback :

Bad luck, looks like the trade went against us, closed at SL at a loss of 163 pipettes.Hope for better luck next time, anyway losses happen, so we were unlucky this time