Thank you for sharing your experience in such detail. This approach of waiting for the confirmed breakout seems very sensible to me.
Printable View
Thank you for sharing your experience in such detail. This approach of waiting for the confirmed breakout seems very sensible to me.
But don't you think if you wait too long to confirm, sometimes the strong movement will have happened and you're late?
Excellent clarification about the importance of not forcing trades. You have reminded me how bad I am when I operate out of anxiety.
Very good note moving the SL dynamically. That flexibility is key to not getting out early.
Although it's not clear to me how you leak the fake breakouts when the price makes tidbits during the important news.
Fantastic explanation of the role of the macroeconomic context. Many times you lock yourself in the chart and forget the big picture.
It has opened my eyes on how to interpret it within the ranges.
However, in forex the volume is only from the broker or liquidity provider. Don't you think it's more reliable to rely on pure price stock?
Very true about emotional management. I have burned so many times for entering tight ranges for impatience.
Your method of entering after closing out of range and waiting for the pullback looks like a jewel to me. Thank you.