The scared will mess up.... and the greedy will be disappointed
Having a plan, being prepared in case,
is the source to goal achievement.
setting up scenario C triggers. Range faked the upside, and then broke lower.
Maybe it will break higher, then a scenario C must aim to break even,
As we speak, 50% of the risk is off the table, as we are ten pips in the money, Trailing a 20 pip max stop.
This is a continuation of the zz down, as the candles never close above 41...and the zz yields 58 ...
Or, we could say, we got a 22 pips zz, an it just failed, and now the next one is yielding 23 also...and odds favor another little stretch to 30 pips.
nobody knows thow..
All positions closed, all leverage removed
net 20 pips =+ 2%.
Sometimes..you got to wait. ...and wait ,,,and wait...
Still got away with it, with limited damages because I followed the plan to the Q.
I increased my size, but in the end, I would of gotten pretty much the same yield even if I wouldn't have.
Was the increased risk really worth it? I would have to check it out in more detail.