Good for you George. Adopting those types of price triggers to engage alongside your s&r observations will serve you well over the long haul.
As you’re quickly finding out, one of the major benefits of this type of trading is, that whatever market conditions exist (range or trend), you’ll have a set of tools (well defined set up’s triggering off sound price principles) to pick your route thru your chosen pairs.
Whatever you do
DON’T COMPLICATE IT. Keep it simple, don’t be tempted to add any more indicators or other filters.
If the conditions aren’t suitable for your specific set up’s or triggers, then wait patiently until things line up. It’ll be well worth the wait.
One of the main (if not
THE main) reasons for failure in this business is a total lack of discipline. The itchy finger & impatient nature kills most new traders.
Those who spend quality time researching & preparing a simple, effective trading plan & properly test out their findings will hold a tremendous advantage over the rest.
Keep us posted on developments George
