and in practice;
So - if you traded it as trend up, pullback, 123 and trigger, you get stopped out with your position never even going into profit. This is very very common indeed and why trading 123's alone, will not ever be a profitable outcome, (even when going with previous trend).
Only by having the discipline to wait for the shallow flags, double bottom/tops or preferably the C&H trades to indicate likely subwaves 'i'&'ii' of the next cycle and ignoring everything else, eve if you miss countless good trades in the process... i promise you that you will have more stop outs, which hurts moral, makes you take smaller winners etc...
Get used to watching hundreds of pips go without you onboard. You can not possibly be in every right trade, all of the time. Even targeting 20 pips a day can equal a nice wage...
So - if you traded it as trend up, pullback, 123 and trigger, you get stopped out with your position never even going into profit. This is very very common indeed and why trading 123's alone, will not ever be a profitable outcome, (even when going with previous trend).
Only by having the discipline to wait for the shallow flags, double bottom/tops or preferably the C&H trades to indicate likely subwaves 'i'&'ii' of the next cycle and ignoring everything else, eve if you miss countless good trades in the process... i promise you that you will have more stop outs, which hurts moral, makes you take smaller winners etc...
Get used to watching hundreds of pips go without you onboard. You can not possibly be in every right trade, all of the time. Even targeting 20 pips a day can equal a nice wage...
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