only problem with that golferguy is where is confirmation that breakout is not false
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DislikedIn my view, and this is only my view, there is no false break. It broke and the trade just did not work out. That is where my money management comes into play.Ignored
DislikedBig guys are duking it out. Someone needs a knockout punch, so we can jump on board!Ignored
DislikedNo trades for me.
Close but no cigar!
The one good bounce from a level did not leave enough pips to reach target (12 pips).
Enough room for me means either +15 pips for a 10 pip trade,
but prefer +20 to get 15 pip trade.
Sometimes you miss some good moves, but more will come.
Selective as discussed previously!
Remember 7 trades per month at 3% = 21% growth in your account......
AttachmentIgnored
DislikedMy opinion (and it is just mine!!!):
If you zoom out your 5 min chart and look to the left there is some resistance at that level. (caution)
Also there has been a strong move up (buying exhausted), so I would want to see a deeper pullback to demand before going long.
Technically your entry long would have been the touch 4 candles to the left of your arrow.
At that point you had your closes above and a retest of the level.
I passed on that one.
Hope that helps!
KrisIgnored
DislikedNo trades for me.
Close but no cigar!
The one good bounce from a level did not leave enough pips to reach target (12 pips).
Enough room for me means either +15 pips for a 10 pip trade,
but prefer +20 to get 15 pip trade.
Sometimes you miss some good moves, but more will come.
Selective as discussed previously!
Remember 7 trades per month at 3% = 21% growth in your account......
AttachmentIgnored