Disliked{quote} Thanks for your reply, and sorry for not explaining it more clearly. I always move my trades to breakeven at 1:1 (as mentioned in my first post), so this trade was of course a BE and not a loss. After that move, it should never turn into a loss anyway. You’re right about the stop loss — placing it directly below the volume candle would have been better. I’ll definitely keep that in mind. That said, I feel very comfortable with a 2:1 R:R, so I’ll stick with that. I actually had a successful trade in GBPUSD this morning, even though I don’t...Ignored
In your case price broke the range high and pulled back where you got that great entry.
Over time you'll find which ones tend to work better than others... it's all in the experience and getting your eye used to how price moves.
If I see liquidity grabs before the EMA's flip then I will hammer those type of trades all day. Much more reliable.
That high break after asia high was the indication you needed to take that entry and also... the roof will often be the floor (resistance turned support).
It's all about location, you don't want to be taking trades in the wrong places but yeah well done!
You can lead a horse to water, but you can't make it drink
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