We just made a strong move up, breaking the previous OR/retracement/structure. Now, the price is coming to the .618 retracement lining up with structure looking left.
The market gave me an opportunity with a 3:1 Risk to Reward, so I only need to ask myself one question: Does this complete more than 25% of the time?, and the answer is yes. When you start to think this way, trading become simple, and you associating pain with taking a loss.
The market gave me an opportunity with a 3:1 Risk to Reward, so I only need to ask myself one question: Does this complete more than 25% of the time?, and the answer is yes. When you start to think this way, trading become simple, and you associating pain with taking a loss.
Comment:
Correction: When you start to think this way, trading become simple, and you STOP associating pain with taking a loss.
Trade closed: stop reached:
Got a reaction from that level but not the follow-through that I expected.