Looks like a really good low-risk entry point at current level. Kicking myself, since I entered twice above it, and stopped out both times, of course.
But when I first looked at the charts today, I told myself to wait for a pull back to current level. Oh well, another lesson in exercising patience.
I'd like to propose a challenge to anyone who is interested. Analyze your chart, to find a really low risk buying opportunity. Post it. Wait. If price gets there, and the opportunity still looks good, take it and respond to original post with entry, SL, and TP target, and R:R ratio.
The point of this challenge is to avoid chasing the price all over the place, and only buy if the price comes to your entry target. I believe this the best way to trade, and if done correctly will enable very tight SLs and high R:R...
Well, I didn't post my original trade idea on this one. But I do believe this is a high probability, low-risk trade:
Entry 116.40
SL 116.20
TP 117.72
R:R 1:7
Edit: also post the R:R...
Edit: also post if/when target is hit, or when TP and final results in terms of R:R, plus or minus pips
Edit: When I say "challenge" above, this is not a competition or invitation to challenge anyone's view, but a challenge to oneself to be patient and disciplined to pick good trades
Edit: Forgot to post chart
But when I first looked at the charts today, I told myself to wait for a pull back to current level. Oh well, another lesson in exercising patience.
I'd like to propose a challenge to anyone who is interested. Analyze your chart, to find a really low risk buying opportunity. Post it. Wait. If price gets there, and the opportunity still looks good, take it and respond to original post with entry, SL, and TP target, and R:R ratio.
The point of this challenge is to avoid chasing the price all over the place, and only buy if the price comes to your entry target. I believe this the best way to trade, and if done correctly will enable very tight SLs and high R:R...
Well, I didn't post my original trade idea on this one. But I do believe this is a high probability, low-risk trade:
Entry 116.40
SL 116.20
TP 117.72
R:R 1:7
Edit: also post the R:R...
Edit: also post if/when target is hit, or when TP and final results in terms of R:R, plus or minus pips
Edit: When I say "challenge" above, this is not a competition or invitation to challenge anyone's view, but a challenge to oneself to be patient and disciplined to pick good trades
Edit: Forgot to post chart
Attached Image (click to enlarge)
would love to see 119
Still in long from 116.3.... looking good will be nice if it breaks up towards 119 now 
