DislikedWhat should we do here with the EURCHF pair? {image} Masterrmind......... :nerd:Ignored
1. Are we already in a trading cycle?
2. If so what is our total risk? If the current risk is already at full allocated risk then we do not trade the new cycle.
3. If no current cycle in progress consider the following:
a) How far away from a possible 1st entry are both pairs at present?
b) If 1 pair is closer to a Quantum signal being triggered then analyze that chart
4. How far into the trading cycle is it?
5. Is the risk worth the likely reward? (ask yourself the question) ... If not do not trade if yes then look further.
6. How far away from major S or R zones is price currently?
a) In the case of a short setup if price is only 5 pips away from this level and PA has been trending up then you might be better to wait to see how price reacts at this level if in fact it reacts at all. Price can power straight through a resistance level or it can slow down and hesitate ... and what we want to see is price start to drop and continue to the downside with alot of bearish intent!
Many other questions to find answers to but this is a good start.
Every time you think about taking a trade you should mentally go through all these questions.
The aim is that you make better trading decisions.
In the QAM strategy we do not enter a trade blindly just because a red box or a blue box appears.
We are thinking traders that manage risk correctly!
Masterrmind........... :nerd:
Master your Mind then Master your Trades