We are currently testing major resistance looking left, and the price put an ugly but valid DT.
I was able to get a R/R (3.4 : 1). THAT MEANS that I can take this trade 4 times, win 1 time and still make money. Here comes the important part, and I write it down for you to know and for me to install it deep in my mind. I DO NOT EXPECT THIS TO WIN, the only thing I know is that if I consistently take this, I will make money in the end.
I was able to get a R/R (3.4 : 1). THAT MEANS that I can take this trade 4 times, win 1 time and still make money. Here comes the important part, and I write it down for you to know and for me to install it deep in my mind. I DO NOT EXPECT THIS TO WIN, the only thing I know is that if I consistently take this, I will make money in the end.
Comment:
When The lower low lower close happened, I moved my stops to .7528. Happy weekend!
Trade closed: stop reached:
Finally, I was stopped out, but I followed my rules and I was able to reduce my risk, leaving me with only -18 pips.
