Disliked{quote} ok? so why take on insane amounts of risk trying to catch a small bounce when you can just wait for small correction to occur and go with the trend every time? Idk..maybe its just me but in a trending market I always trade in direction of trend and never try to "catch" the move in the opposite direction. You'll get burned more times than not... Why try and catch a 100 pip jump when you can wait for that to happen then short it for a 200+ pip gain in the direction of the trend? Idk to each his own I guess...Ignored
i'm guessing you're relatively new to the market; you know how the market works and are wary of its volatility, causing you prefer trades with advantageous odds on face value, or overtly cautious. Maybe both, maybe none. But like you said, each to his own.
Besides, my account can handle the worst case scenario (close positions) of a clear breach of 1.2360; it's only a minor downside in my weekly profits. Until then, I'm reloading a small long at around that that area.